Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Short Interest Down 33.1% in November

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) was the target of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 10,900 shares, a drop of 33.1% from the October 31st total of 16,300 shares. Based on an average daily volume of 13,500 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On Penns Woods Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in PWOD. Vanguard Group Inc. raised its stake in shares of Penns Woods Bancorp by 2.1% in the first quarter. Vanguard Group Inc. now owns 336,829 shares of the financial services provider’s stock valued at $6,538,000 after acquiring an additional 6,992 shares during the period. Commonwealth Equity Services LLC increased its stake in Penns Woods Bancorp by 1.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 48,068 shares of the financial services provider’s stock worth $988,000 after buying an additional 869 shares during the period. Hsbc Holdings PLC purchased a new position in Penns Woods Bancorp in the 2nd quarter worth about $205,000. Cubist Systematic Strategies LLC purchased a new position in Penns Woods Bancorp in the 2nd quarter worth about $39,000. Finally, Squarepoint Ops LLC purchased a new position in Penns Woods Bancorp in the 2nd quarter worth about $390,000. Hedge funds and other institutional investors own 27.94% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Penns Woods Bancorp from a “buy” rating to a “hold” rating in a research report on Monday.

Penns Woods Bancorp Trading Up 1.6 %

Shares of PWOD traded up $0.51 during midday trading on Friday, hitting $32.28. The stock had a trading volume of 10,306 shares, compared to its average volume of 25,175. Penns Woods Bancorp has a 1 year low of $17.01 and a 1 year high of $32.28. The firm has a market cap of $243.52 million, a PE ratio of 12.23 and a beta of 0.44. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The stock’s 50 day moving average is $26.63 and its 200 day moving average is $23.10.

Penns Woods Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.97%. The ex-dividend date is Tuesday, December 10th. Penns Woods Bancorp’s dividend payout ratio is currently 48.48%.

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.