Chicago Capital Management LLC Makes New Investment in Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

Chicago Capital Management LLC bought a new stake in shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 14,918 shares of the financial services provider's stock, valued at approximately $453,000. Chicago Capital Management LLC owned approximately 0.20% of Penns Woods Bancorp at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Zullo Investment Group Inc. acquired a new position in shares of Penns Woods Bancorp during the fourth quarter valued at approximately $207,000. JPMorgan Chase & Co. lifted its holdings in Penns Woods Bancorp by 471.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,680 shares of the financial services provider's stock valued at $183,000 after purchasing an additional 6,337 shares in the last quarter. Intellus Advisors LLC acquired a new stake in Penns Woods Bancorp during the 4th quarter worth $321,000. ABC Arbitrage SA purchased a new stake in shares of Penns Woods Bancorp during the fourth quarter worth $369,000. Finally, Barclays PLC raised its position in shares of Penns Woods Bancorp by 19.2% in the third quarter. Barclays PLC now owns 14,880 shares of the financial services provider's stock valued at $353,000 after buying an additional 2,398 shares during the last quarter. Institutional investors and hedge funds own 27.94% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Penns Woods Bancorp in a research note on Tuesday, March 25th. They set a "hold" rating for the company.

Penns Woods Bancorp Price Performance

Shares of NASDAQ:PWOD traded down $0.72 during midday trading on Friday, hitting $28.20. The company had a trading volume of 10,911 shares, compared to its average volume of 24,298. Penns Woods Bancorp, Inc. has a twelve month low of $17.01 and a twelve month high of $34.56. The stock has a market cap of $214.69 million, a price-to-earnings ratio of 11.95 and a beta of 0.46. 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 business's 50-day simple moving average is $29.86 and its 200-day simple moving average is $28.73.

Penns Woods Bancorp (NASDAQ:PWOD - Get Free Report) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter. Penns Woods Bancorp had a return on equity of 9.26% and a net margin of 14.87%.

Penns Woods Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.54%. Penns Woods Bancorp's dividend payout ratio is currently 54.24%.

Penns Woods Bancorp 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.