Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Short Interest Update

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totalling 17,600 shares, a decrease of 90.3% from the June 30th total of 180,900 shares. Based on an average daily trading volume, of 45,500 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Penns Woods Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd.

Penns Woods Bancorp Price Performance

PWOD traded down $0.18 during trading hours on Friday, hitting $23.14. The company’s stock had a trading volume of 12,924 shares, compared to its average volume of 31,983. The stock has a market cap of $174.24 million, a price-to-earnings ratio of 10.61 and a beta of 0.47. The business’s 50-day moving average price is $20.64 and its 200-day moving average price is $19.86. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.35. Penns Woods Bancorp has a 12 month low of $17.01 and a 12 month high of $27.48.

Penns Woods Bancorp (NASDAQ:PWOD) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.51 EPS for the quarter. Penns Woods Bancorp had a net margin of 14.79% and a return on equity of 8.61%. The business had revenue of $16.21 million during the quarter.

Penns Woods Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Tuesday, June 11th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.53%. The ex-dividend date of this dividend was Tuesday, June 11th. Penns Woods Bancorp’s payout ratio is 58.72%.

Insider Buying and Selling

In other Penns Woods Bancorp news, President Brian L. Knepp acquired 2,670 shares of the company’s stock in a transaction dated Tuesday, April 30th. The stock was purchased at an average price of $17.32 per share, with a total value of $46,244.40. Following the completion of the purchase, the president now directly owns 20,776 shares in the company, valued at approximately $359,840.32. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, President Brian L. Knepp bought 2,670 shares of the company’s stock in a transaction that occurred on Tuesday, April 30th. The stock was purchased at an average price of $17.32 per share, for a total transaction of $46,244.40. Following the completion of the transaction, the president now owns 20,776 shares in the company, valued at $359,840.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles E. Kranich bought 1,400 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were bought at an average cost of $20.09 per share, with a total value of $28,126.00. Following the completion of the purchase, the director now directly owns 37,552 shares of the company’s stock, valued at approximately $754,419.68. The disclosure for this purchase can be found here. In the last quarter, insiders bought 8,305 shares of company stock valued at $150,686. Company insiders own 3.98% of the company’s stock.

Institutional Investors Weigh In On Penns Woods Bancorp

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Penns Woods Bancorp by 2.1% during 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 last quarter. Quadrature Capital Ltd raised its position in Penns Woods Bancorp by 2.6% in the 1st quarter. Quadrature Capital Ltd now owns 27,158 shares of the financial services provider’s stock worth $524,000 after purchasing an additional 693 shares during the period. Private Advisor Group LLC bought a new stake in Penns Woods Bancorp in the fourth quarter worth about $552,000. Empowered Funds LLC grew its stake in shares of Penns Woods Bancorp by 7.8% during the first quarter. Empowered Funds LLC now owns 24,120 shares of the financial services provider’s stock valued at $468,000 after buying an additional 1,750 shares during the last quarter. Finally, Evergreen Wealth Solutions LLC raised its holdings in shares of Penns Woods Bancorp by 14.6% in the fourth quarter. Evergreen Wealth Solutions LLC now owns 17,805 shares of the financial services provider’s stock worth $401,000 after buying an additional 2,274 shares during the period. 27.94% of the stock is owned by institutional investors.

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.