Connor Clark & Lunn Investment Management Ltd. grew its holdings in Penns Woods Bancorp, Inc. (NASDAQ:PWOD - Free Report) by 217.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,499 shares of the financial services provider's stock after purchasing an additional 23,620 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.46% of Penns Woods Bancorp worth $821,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in PWOD. GSA Capital Partners LLP acquired a new stake in shares of Penns Woods Bancorp in the 3rd quarter valued at $486,000. Squarepoint Ops LLC acquired a new stake in shares of Penns Woods Bancorp during the second quarter worth about $390,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Penns Woods Bancorp in the 2nd quarter valued at approximately $223,000. Hsbc Holdings PLC purchased a new position in Penns Woods Bancorp in the 2nd quarter valued at $205,000. Finally, Vanguard Group Inc. increased its stake in shares of 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 worth $6,538,000 after acquiring an additional 6,992 shares during the period. Institutional investors and hedge funds own 27.94% of the company's stock.
Analysts Set New Price Targets
Separately, StockNews.com lowered Penns Woods Bancorp from a "buy" rating to a "hold" rating in a report on Monday.
View Our Latest Report on PWOD
Penns Woods Bancorp Price Performance
Shares of PWOD traded up $0.51 on Friday, reaching $32.28. The stock had a trading volume of 10,306 shares, compared to its average volume of 25,175. The firm has a 50-day moving average of $26.63 and a 200 day moving average of $23.10. The firm has a market capitalization of $243.39 million, a PE ratio of 12.03 and a beta of 0.44. Penns Woods Bancorp, Inc. has a twelve month low of $17.01 and a twelve month high of $32.28. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24.
Penns Woods Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $1.28 annualized dividend and a dividend yield of 3.97%. Penns Woods Bancorp's dividend payout ratio is currently 48.49%.
About Penns Woods Bancorp
(
Free Report)
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.
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