Richard A. Grafmyre Acquires 500 Shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Stock

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) CEO Richard A. Grafmyre purchased 500 shares of the stock in a transaction dated Friday, September 10th. The shares were acquired at an average cost of $23.66 per share, with a total value of $11,830.00. Following the acquisition, the chief executive officer now directly owns 12,193 shares in the company, valued at approximately $288,486.38. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Penns Woods Bancorp stock opened at $23.81 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.03 and a current ratio of 1.03. Penns Woods Bancorp, Inc. has a 52 week low of $19.50 and a 52 week high of $28.19. The stock has a market capitalization of $168.22 million, a P/E ratio of 10.92 and a beta of 0.71. The stock has a fifty day moving average of $23.66 and a 200-day moving average of $24.33.

Penns Woods Bancorp (NASDAQ:PWOD) last issued its quarterly earnings data on Wednesday, July 21st. The financial services provider reported $0.49 earnings per share for the quarter. The business had revenue of $15.00 million for the quarter. Penns Woods Bancorp had a return on equity of 8.58% and a net margin of 21.37%.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 21st. Investors of record on Tuesday, September 7th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, September 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 5.38%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS Group AG grew its position in shares of Penns Woods Bancorp by 67.3% in the 1st quarter. UBS Group AG now owns 1,392 shares of the financial services provider’s stock valued at $33,000 after buying an additional 560 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Penns Woods Bancorp by 70.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,191 shares of the financial services provider’s stock valued at $77,000 after buying an additional 1,322 shares during the last quarter. Royal Bank of Canada grew its position in shares of Penns Woods Bancorp by 125.8% in the 2nd quarter. Royal Bank of Canada now owns 3,803 shares of the financial services provider’s stock valued at $91,000 after buying an additional 2,119 shares during the last quarter. Jacobi Capital Management LLC grew its position in shares of Penns Woods Bancorp by 28.3% in the 1st quarter. Jacobi Capital Management LLC now owns 4,465 shares of the financial services provider’s stock valued at $108,000 after buying an additional 985 shares during the last quarter. Finally, Abundance Wealth Counselors bought a new stake in shares of Penns Woods Bancorp in the 1st quarter valued at about $170,000. Hedge funds and other institutional investors own 23.32% of the company’s stock.

About Penns Woods Bancorp

Penns Woods Bancorp, Inc operates as a bank holding company. The firm offers products including accepting time, demand and savings deposits, including Super NOW accounts, regular savings accounts, money market certificates, investment certificates, fixed-rate certificates of deposit and club accounts.

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