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 report sent to investors on Monday morning.

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

Penns Woods Bancorp Price Performance

Shares of PWOD opened at $21.08 on Monday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.35. Penns Woods Bancorp has a 1 year low of $17.01 and a 1 year high of $27.59. The stock has a market cap of $158.73 million, a P/E ratio of 9.67 and a beta of 0.49. The stock’s 50-day moving average price is $19.34 and its two-hundred day moving average price is $19.96.

Penns Woods Bancorp (NASDAQ:PWOD) last released its quarterly earnings data 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 business had revenue of $16.21 million for the quarter.

Penns Woods Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Tuesday, June 11th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 6.07%. The ex-dividend date was Tuesday, June 11th. Penns Woods Bancorp’s dividend payout ratio (DPR) is 58.72%.

Insiders Place Their Bets

In related news, Director Charles E. Kranich purchased 1,400 shares of the stock in a transaction on Tuesday, June 11th. The shares were purchased at an average price of $20.09 per share, with a total value of $28,126.00. Following the transaction, the director now directly owns 37,552 shares of the company’s stock, valued at $754,419.68. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Charles E. Kranich purchased 1,400 shares of the stock in a transaction on Tuesday, June 11th. The shares were purchased at an average price of $20.09 per share, with a total value of $28,126.00. Following the transaction, the director now directly owns 37,552 shares of the company’s stock, valued at $754,419.68. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Brian L. Knepp bought 2,670 shares of the firm’s stock in a transaction that occurred 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 acquisition, the president now directly owns 20,776 shares in the company, valued at approximately $359,840.32. The disclosure for this purchase can be found here. Insiders have purchased 8,305 shares of company stock valued at $150,686 in the last 90 days. 3.98% of the stock is currently owned by insiders.

Institutional Trading of Penns Woods Bancorp

A number of institutional investors have recently modified their holdings of PWOD. BNP Paribas Financial Markets raised its holdings 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 buying 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 $201,000. Virtu Financial LLC acquired a new position in shares of Penns Woods Bancorp during the 4th quarter worth $258,000. Evergreen Wealth Solutions LLC raised its holdings 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 buying an additional 2,274 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings 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 buying an additional 1,750 shares in the last quarter. 27.94% of the stock is currently owned by institutional investors.

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.