Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Short Interest Update

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) was the target of a large growth in short interest in January. As of January 15th, there was short interest totalling 28,300 shares, a growth of 19.4% from the December 31st total of 23,700 shares. Based on an average trading volume of 22,300 shares, the short-interest ratio is currently 1.3 days.

Institutional Investors Weigh In On Penns Woods Bancorp

Institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC acquired a new stake in Penns Woods Bancorp in the second quarter valued at $39,000. JPMorgan Chase & Co. raised its position in shares of 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 worth $183,000 after purchasing an additional 6,337 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in Penns Woods Bancorp during the second quarter worth approximately $205,000. Zullo Investment Group Inc. acquired a new position in Penns Woods Bancorp during the fourth quarter worth approximately $207,000. Finally, Barclays PLC raised its holdings in Penns Woods Bancorp by 19.2% in the third quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock valued at $353,000 after buying an additional 2,398 shares during the period. 27.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Penns Woods Bancorp in a research note on Tuesday, January 28th. They set a “hold” rating for the company.

Penns Woods Bancorp Stock Down 0.6 %

NASDAQ PWOD traded down $0.19 on Monday, hitting $30.24. The stock had a trading volume of 9,592 shares, compared to its average volume of 17,690. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The business’s fifty day moving average price is $31.23 and its 200 day moving average price is $26.76. Penns Woods Bancorp has a 52-week low of $17.01 and a 52-week high of $34.56. The stock has a market cap of $228.01 million, a price-to-earnings ratio of 12.81 and a beta of 0.47.

Penns Woods Bancorp (NASDAQ:PWOD) last posted its 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were given a dividend of $0.32 per share. The ex-dividend date was Tuesday, December 10th. This represents a $1.28 annualized dividend and a dividend yield of 4.23%. Penns Woods Bancorp’s payout ratio is 54.24%.

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.