Renaissance Technologies LLC Sells 14,150 Shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

Renaissance Technologies LLC lessened its holdings in shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD - Free Report) by 12.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,819 shares of the financial services provider's stock after selling 14,150 shares during the quarter. Renaissance Technologies LLC owned about 1.31% of Penns Woods Bancorp worth $3,003,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PWOD. Wells Fargo & Company MN boosted its holdings in Penns Woods Bancorp by 50.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,351 shares of the financial services provider's stock worth $41,000 after buying an additional 451 shares during the period. Zullo Investment Group Inc. purchased a new position in shares of Penns Woods Bancorp in the fourth quarter valued at $207,000. JPMorgan Chase & Co. raised its stake in shares of Penns Woods Bancorp by 471.9% during 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 during the period. Intellus Advisors LLC bought a new stake in shares of Penns Woods Bancorp during the 4th quarter valued at $321,000. Finally, ABC Arbitrage SA purchased a new stake in Penns Woods Bancorp during the 4th quarter worth about $369,000. Institutional investors own 27.94% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Penns Woods Bancorp in a research report on Friday, April 18th. They set a "hold" rating on the stock.

Penns Woods Bancorp Stock Performance

Penns Woods Bancorp stock opened at $27.66 on Thursday. The firm's 50 day simple moving average is $28.11 and its 200 day simple moving average is $29.12. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. Penns Woods Bancorp, Inc. has a 1-year low of $17.01 and a 1-year high of $34.56. The firm has a market capitalization of $210.58 million, a PE ratio of 11.72 and a beta of 0.36.

Penns Woods Bancorp (NASDAQ:PWOD - Get Free Report) last issued its quarterly earnings data 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.63%. The ex-dividend date was Tuesday, March 11th. Penns Woods Bancorp's dividend payout ratio (DPR) is 54.24%.

Penns Woods Bancorp Company 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.

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