Penns Woods Bancorp (NASDAQ:PWOD) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Penns Woods Bancorp (NASDAQ:PWOD) from a sell rating to a hold rating in a research note released on Monday.

Separately, TheStreet downgraded shares of Penns Woods Bancorp from a b- rating to a c+ rating in a research report on Wednesday, March 20th.

Penns Woods Bancorp Stock Down 0.2 %

NASDAQ PWOD opened at $21.03 on Monday. The stock has a market cap of $158.36 million, a PE ratio of 9.65 and a beta of 0.49. Penns Woods Bancorp has a fifty-two week low of $17.01 and a fifty-two week high of $27.59. The business has a 50 day moving average price of $19.41 and a two-hundred day moving average price of $19.97. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.35.

Penns Woods Bancorp (NASDAQ:PWOD) last released its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.51 earnings per share for the quarter. Penns Woods Bancorp had a return on equity of 8.61% and a net margin of 14.79%. The firm had revenue of $16.21 million during the quarter.

Penns Woods Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 11th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date was Tuesday, June 11th. Penns Woods Bancorp’s payout ratio is currently 58.72%.

Insiders Place Their Bets

In other Penns Woods Bancorp news, President Brian L. Knepp acquired 2,670 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was purchased at an average price of $17.32 per share, with a total value of $46,244.40. Following the completion of the acquisition, the president now directly owns 20,776 shares in the company, valued at approximately $359,840.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Penns Woods Bancorp news, President Brian L. Knepp acquired 2,670 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was purchased at an average price of $17.32 per share, with a total value of $46,244.40. Following the completion of the acquisition, the president now directly owns 20,776 shares in the company, valued at approximately $359,840.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles E. Kranich acquired 1,400 shares of the firm’s stock in a transaction on Tuesday, June 11th. The stock was acquired at an average cost of $20.09 per share, with a total value of $28,126.00. Following the acquisition, the director now owns 37,552 shares of the company’s stock, valued at $754,419.68. The disclosure for this purchase can be found here. Insiders acquired a total of 8,305 shares of company stock valued at $150,686 over the last 90 days. 3.98% of the stock is owned by company insiders.

Hedge Funds Weigh In On Penns Woods Bancorp

A number of hedge funds have recently added to or reduced their stakes in the business. Merit Financial Group LLC bought a new stake in Penns Woods Bancorp in the fourth quarter valued at $201,000. Private Advisor Group LLC bought a new stake in Penns Woods Bancorp in the fourth quarter valued at $552,000. Evergreen Wealth Solutions LLC lifted its stake in Penns Woods Bancorp by 14.6% in the fourth quarter. Evergreen Wealth Solutions LLC now owns 17,805 shares of the financial services provider’s stock valued at $401,000 after buying an additional 2,274 shares during the last quarter. Virtu Financial LLC bought a new stake in Penns Woods Bancorp in the fourth quarter valued at $258,000. Finally, Quadrature Capital Ltd bought a new stake in Penns Woods Bancorp in the fourth quarter valued at $598,000. Institutional investors and hedge funds own 27.94% of the company’s stock.

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.