Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Short Interest Down 64.9% in October

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 16,300 shares, a drop of 64.9% from the October 15th total of 46,500 shares. Based on an average daily volume of 12,700 shares, the short-interest ratio is currently 1.3 days.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Penns Woods Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, November 8th.

Institutional Investors Weigh In On Penns Woods Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC bought a new position in shares of Penns Woods Bancorp during the second quarter valued at about $39,000. Vanguard Group Inc. grew its position in shares of Penns Woods Bancorp by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 336,829 shares of the financial services provider’s stock valued at $6,538,000 after acquiring an additional 6,992 shares during the period. Empowered Funds LLC increased its stake in shares of Penns Woods Bancorp by 7.8% during the 1st quarter. Empowered Funds LLC now owns 24,120 shares of the financial services provider’s stock worth $468,000 after purchasing an additional 1,750 shares during the last quarter. Squarepoint Ops LLC purchased a new position in Penns Woods Bancorp in the second quarter valued at approximately $390,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Penns Woods Bancorp during the second quarter valued at $223,000. Institutional investors own 27.94% of the company’s stock.

Penns Woods Bancorp Trading Down 0.9 %

Shares of PWOD stock traded down $0.26 on Wednesday, hitting $29.34. The company had a trading volume of 32,377 shares, compared to its average volume of 25,536. The stock’s 50-day moving average is $24.52 and its two-hundred day moving average is $22.14. Penns Woods Bancorp has a twelve month low of $17.01 and a twelve month high of $30.05. The firm has a market cap of $221.22 million, a P/E ratio of 11.36 and a beta of 0.44. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.09 and a current ratio of 1.10.

Penns Woods Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were given a dividend of $0.32 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.36%. Penns Woods Bancorp’s dividend payout ratio (DPR) is presently 48.49%.

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.