Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Sees Significant Increase in Short Interest

Penns Woods Bancorp, Inc. (NASDAQ:PWOD - Get Free Report) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 33,500 shares, an increase of 23.6% from the January 31st total of 27,100 shares. Based on an average daily trading volume, of 19,500 shares, the days-to-cover ratio is presently 1.7 days.

Institutional Trading of Penns Woods Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Penns Woods Bancorp by 4.6% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,797 shares of the financial services provider's stock valued at $237,000 after acquiring an additional 343 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of Penns Woods Bancorp in the fourth quarter valued at $219,000. Bridgeway Capital Management LLC lifted its position in shares of Penns Woods Bancorp by 1.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 75,847 shares of the financial services provider's stock valued at $2,305,000 after acquiring an additional 892 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Penns Woods Bancorp by 124.3% in the fourth quarter. Bank of America Corp DE now owns 13,590 shares of the financial services provider's stock valued at $413,000 after acquiring an additional 7,531 shares in the last quarter. Finally, Rhino Investment Partners Inc purchased a new stake in shares of Penns Woods Bancorp in the fourth quarter valued at $1,078,000. 27.94% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Penns Woods Bancorp in a research note on Sunday. They issued a "hold" rating on the stock.

Penns Woods Bancorp Price Performance

PWOD traded down $0.68 during trading on Friday, reaching $28.62. 18,554 shares of the stock were exchanged, compared to its average volume of 15,085. The business's 50 day moving average price is $30.41 and its two-hundred day moving average price is $28.07. 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 company has a market capitalization of $217.88 million, a price-to-earnings ratio of 12.13 and a beta of 0.46. Penns Woods Bancorp has a 1 year low of $17.01 and a 1 year high of $34.56.

Penns Woods Bancorp (NASDAQ:PWOD - Get Free Report) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $0.57 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.28 dividend on an annualized basis and a yield of 4.47%. Penns Woods Bancorp's payout ratio is 54.24%.

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.