StockNews.com started coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD - Free Report) in a research report released on Monday morning. The brokerage issued a hold rating on the financial services provider's stock.
Penns Woods Bancorp Stock Up 0.0 %
Shares of Penns Woods Bancorp stock traded up $0.01 during trading on Monday, hitting $30.67. 9,851 shares of the stock were exchanged, compared to its average volume of 23,304. 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 firm's 50-day moving average price is $31.07 and its 200 day moving average price is $26.01. The stock has a market cap of $231.25 million, a price-to-earnings ratio of 11.62 and a beta of 0.48. Penns Woods Bancorp has a 12-month low of $17.01 and a 12-month high of $34.56.
Penns Woods Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were given a dividend of $0.32 per share. The ex-dividend date was Tuesday, December 10th. This represents a $1.28 annualized dividend and a dividend yield of 4.17%. Penns Woods Bancorp's dividend payout ratio is currently 48.49%.
Hedge Funds Weigh In On Penns Woods Bancorp
Several hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC grew its holdings in shares of Penns Woods Bancorp by 19.2% during the third quarter. Barclays PLC now owns 14,880 shares of the financial services provider's stock worth $353,000 after purchasing an additional 2,398 shares during the last quarter. Geode Capital Management LLC increased its position in Penns Woods Bancorp by 6.2% during the third quarter. Geode Capital Management LLC now owns 77,828 shares of the financial services provider's stock worth $1,852,000 after buying an additional 4,511 shares during the period. GSA Capital Partners LLP purchased a new stake in Penns Woods Bancorp in the third quarter valued at approximately $486,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Penns Woods Bancorp by 217.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,499 shares of the financial services provider's stock valued at $821,000 after acquiring an additional 23,620 shares during the period. Finally, Empowered Funds LLC grew its position in shares of Penns Woods Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 27,260 shares of the financial services provider's stock worth $648,000 after acquiring an additional 1,340 shares during the last quarter. 27.94% of the stock is currently owned by hedge funds and other institutional investors.
About Penns Woods Bancorp
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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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