Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Director Charles E. Kranich Purchases 3,000 Shares

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Director Charles E. Kranich bought 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were acquired at an average price of $17.55 per share, with a total value of $52,650.00. Following the completion of the transaction, the director now directly owns 35,052 shares of the company’s stock, valued at $615,162.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Penns Woods Bancorp Stock Up 4.7 %

PWOD stock opened at $18.30 on Thursday. The stock has a market capitalization of $137.43 million, a P/E ratio of 8.39 and a beta of 0.45. The firm has a 50-day simple moving average of $18.66 and a 200-day simple moving average of $20.29. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 1.32. Penns Woods Bancorp, Inc. has a 52 week low of $17.01 and a 52 week high of $27.59.

Penns Woods Bancorp (NASDAQ:PWOD) last released its earnings results on Monday, January 29th. The financial services provider reported $0.77 EPS for the quarter. The business had revenue of $16.17 million during the quarter. Penns Woods Bancorp had a net margin of 14.79% and a return on equity of 8.77%.

Penns Woods Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Tuesday, March 12th were paid a dividend of $0.32 per share. The ex-dividend date was Monday, March 11th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.99%. Penns Woods Bancorp’s dividend payout ratio is currently 58.72%.

Institutional Trading of Penns Woods Bancorp

Institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC purchased a new stake in Penns Woods Bancorp during the 3rd quarter valued at about $29,000. BNP Paribas Financial Markets grew its stake in shares of Penns Woods Bancorp by 55.5% in the 1st quarter. BNP Paribas Financial Markets now owns 3,554 shares of the financial services provider’s stock valued at $69,000 after buying an additional 1,269 shares during the period. Merit Financial Group LLC purchased a new stake in shares of Penns Woods Bancorp in the 4th quarter valued at approximately $201,000. Virtu Financial LLC purchased a new stake in shares of Penns Woods Bancorp in the 4th quarter valued at approximately $258,000. Finally, Evergreen Wealth Solutions LLC grew its stake in shares of Penns Woods Bancorp by 14.6% in the 4th 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 period. Hedge funds and other institutional investors own 27.94% of the company’s stock.

Analyst Upgrades and Downgrades

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 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.