Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Sees Large Decrease in Short Interest

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) saw a significant drop in short interest in October. As of October 31st, there was short interest totalling 16,300 shares, a drop of 64.9% from the October 15th total of 46,500 shares. Based on an average daily trading volume, of 12,700 shares, the short-interest ratio is presently 1.3 days.

Penns Woods Bancorp Price Performance

NASDAQ:PWOD traded up $1.43 during trading hours on Tuesday, reaching $29.60. 28,500 shares of the company were exchanged, compared to its average volume of 25,505. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 1.30. The stock’s 50-day moving average is $24.37 and its 200-day moving average is $22.05. The firm has a market cap of $223.30 million, a PE ratio of 10.67 and a beta of 0.44. Penns Woods Bancorp has a twelve month low of $17.01 and a twelve month high of $29.65.

Penns Woods Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.32%. The ex-dividend date was Tuesday, September 10th. Penns Woods Bancorp’s dividend payout ratio (DPR) is 48.48%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Penns Woods Bancorp from a “hold” rating to a “buy” rating in a report on Friday.

Institutional Investors Weigh In On Penns Woods Bancorp

Institutional investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new position in shares of Penns Woods Bancorp during the second quarter worth $39,000. BNP Paribas Financial Markets increased its stake in Penns Woods Bancorp by 55.5% during the 1st quarter. BNP Paribas Financial Markets now owns 3,554 shares of the financial services provider’s stock worth $69,000 after buying an additional 1,269 shares during the period. Hsbc Holdings PLC purchased a new stake in Penns Woods Bancorp in the second quarter valued at approximately $205,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Penns Woods Bancorp in the second quarter valued at approximately $223,000. Finally, Squarepoint Ops LLC bought a new stake in Penns Woods Bancorp during the second quarter valued at $390,000. 27.94% of the stock is currently owned by institutional investors and hedge funds.

About Penns Woods Bancorp

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.