Penns Woods Bancorp (NASDAQ:PWOD) Stock Crosses Below Two Hundred Day Moving Average of $20.03

Penns Woods Bancorp, Inc. (NASDAQ:PWODGet Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $20.03 and traded as low as $19.60. Penns Woods Bancorp shares last traded at $19.90, with a volume of 28,700 shares traded.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Report on PWOD

Penns Woods Bancorp Stock Performance

The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 1.35. The company has a 50 day moving average of $18.70 and a 200 day moving average of $20.02. The firm has a market cap of $145.71 million, a price-to-earnings ratio of 8.88 and a beta of 0.47.

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

Penns Woods Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Tuesday, June 11th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 6.61%. The ex-dividend date of this dividend is Tuesday, June 11th. Penns Woods Bancorp’s payout ratio is currently 58.72%.

Insider Buying and Selling

In related news, Director Charles E. Kranich acquired 3,000 shares of Penns Woods Bancorp stock in a transaction dated Tuesday, April 30th. The stock was acquired at an average cost of $17.55 per share, with a total value of $52,650.00. Following the purchase, the director now directly owns 35,052 shares in the company, valued at approximately $615,162.60. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Penns Woods Bancorp news, Director Charles E. Kranich bought 3,000 shares of the stock in a transaction on Tuesday, April 30th. The shares were purchased at an average cost 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 approximately $615,162.60. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Brian L. Knepp bought 2,670 shares of the stock in a transaction on Tuesday, April 30th. The shares were acquired at an average cost of $17.32 per share, for a total transaction of $46,244.40. Following the completion of the transaction, the president now directly owns 20,776 shares of the company’s stock, valued at $359,840.32. The disclosure for this purchase can be found here. Insiders acquired 6,305 shares of company stock valued at $110,608 in the last three months. 3.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Penns Woods Bancorp

Institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in Penns Woods Bancorp during the 3rd quarter worth $29,000. BNP Paribas Financial Markets grew its position in shares of Penns Woods Bancorp by 55.5% during the 1st quarter. BNP Paribas Financial Markets now owns 3,554 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 1,269 shares in the last quarter. Merit Financial Group LLC acquired a new position in shares of Penns Woods Bancorp during the 4th quarter worth approximately $201,000. Virtu Financial LLC acquired a new position in shares of Penns Woods Bancorp during the 4th quarter worth approximately $258,000. Finally, Evergreen Wealth Solutions LLC boosted its position in shares of Penns Woods Bancorp by 14.6% during the 4th quarter. Evergreen Wealth Solutions LLC now owns 17,805 shares of the financial services provider’s stock worth $401,000 after acquiring an additional 2,274 shares in the last quarter. 27.94% of the stock is owned by institutional investors and hedge funds.

Penns Woods Bancorp Company Profile

(Get Free Report)

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.

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