Insider Buying: Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Director Acquires 3,000 Shares of Stock

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Director Charles E. Kranich purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The shares were purchased at an average price of $17.55 per share, for a total transaction of $52,650.00. Following the purchase, the director now directly owns 35,052 shares in the company, valued at $615,162.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Penns Woods Bancorp Stock Performance

NASDAQ PWOD traded up $0.31 during trading hours on Tuesday, hitting $17.48. 70,520 shares of the stock were exchanged, compared to its average volume of 22,247. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 1.32. The company has a market cap of $131.27 million, a price-to-earnings ratio of 7.93 and a beta of 0.45. Penns Woods Bancorp, Inc. has a 12-month low of $17.01 and a 12-month high of $27.59. The stock has a 50-day moving average of $18.71 and a 200 day moving average of $20.32.

Penns Woods Bancorp (NASDAQ:PWOD) last issued its earnings results on Monday, January 29th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter. Penns Woods Bancorp had a return on equity of 8.77% and a net margin of 14.79%. The business had revenue of $16.17 million during the quarter.

Penns Woods Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Tuesday, March 12th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 7.32%. The ex-dividend date of this dividend was Monday, March 11th. Penns Woods Bancorp’s dividend payout ratio (DPR) is currently 58.72%.

Analysts Set New Price Targets

Several research firms recently commented on PWOD. TheStreet downgraded shares of Penns Woods Bancorp from a “b-” rating to a “c+” rating in a research report on Wednesday, March 20th. StockNews.com upgraded Penns Woods Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, January 1st.

Hedge Funds Weigh In On Penns Woods Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in PWOD. Allspring Global Investments Holdings LLC acquired a new stake in shares of Penns Woods Bancorp in the third quarter valued at about $29,000. Merit Financial Group LLC purchased a new position in Penns Woods Bancorp in the fourth quarter valued at about $201,000. Virtu Financial LLC acquired a new stake in shares of Penns Woods Bancorp during the 4th quarter valued at approximately $258,000. Evergreen Wealth Solutions LLC boosted its stake in shares of Penns Woods Bancorp by 14.6% during the 4th quarter. Evergreen Wealth Solutions LLC now owns 17,805 shares of the financial services provider’s stock worth $401,000 after acquiring an additional 2,274 shares in the last quarter. Finally, Private Advisor Group LLC purchased a new stake in shares of Penns Woods Bancorp during the 4th quarter worth approximately $552,000. 27.94% of the stock is owned by institutional investors and hedge funds.

Penns Woods Bancorp Company Profile

Penns Woods Bancorp, Inc operates as the bank holding company for Jersey Shore State Bank, which provides commercial and retail banking services to individuals, partnerships, non-profit organizations, and corporations. It accepts time, demand, and savings deposits, including super NOW accounts, statement savings accounts, money market accounts, and certificates of deposit, as well as checking and individual retirement account (IRAs) accounts.