Truffle Hound Capital LLC Acquires New Position in Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

Truffle Hound Capital LLC bought a new position in shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 200,000 shares of the financial services provider's stock, valued at approximately $6,078,000. Penns Woods Bancorp comprises about 2.1% of Truffle Hound Capital LLC's portfolio, making the stock its 9th largest holding. Truffle Hound Capital LLC owned 2.65% of Penns Woods Bancorp at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. grew its position in Penns Woods Bancorp by 217.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,499 shares of the financial services provider's stock worth $821,000 after purchasing an additional 23,620 shares during the last quarter. ABC Arbitrage SA acquired a new stake in shares of Penns Woods Bancorp during the fourth quarter worth about $369,000. RBF Capital LLC grew its holdings in shares of Penns Woods Bancorp by 39.8% during the third quarter. RBF Capital LLC now owns 25,847 shares of the financial services provider's stock worth $615,000 after buying an additional 7,356 shares during the last quarter. Zullo Investment Group Inc. acquired a new position in Penns Woods Bancorp in the 4th quarter valued at about $207,000. Finally, JPMorgan Chase & Co. raised its stake in 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 acquiring an additional 6,337 shares during the last quarter. 27.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Penns Woods Bancorp Stock Performance

PWOD traded down $0.02 during trading on Wednesday, hitting $28.47. The stock had a trading volume of 11,028 shares, compared to its average volume of 24,137. Penns Woods Bancorp, Inc. has a twelve month low of $17.01 and a twelve month high of $34.56. The firm has a market capitalization of $216.74 million, a P/E ratio of 12.06 and a beta of 0.46. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The company's 50-day moving average price is $29.95 and its 200 day moving average price is $28.62.

Penns Woods Bancorp (NASDAQ:PWOD - Get Free Report) last posted its quarterly 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 net margin of 14.87% and a return on equity of 9.26%.

Penns Woods Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were issued a $0.32 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $1.28 annualized dividend and a dividend yield of 4.50%. 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.