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

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) was the target of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 33,500 shares, an increase of 23.6% from the January 31st total of 27,100 shares. Based on an average trading volume of 19,500 shares, the short-interest ratio is currently 1.7 days.

Penns Woods Bancorp Price Performance

PWOD traded down $0.59 during midday trading on Thursday, hitting $28.96. The company had a trading volume of 2,123 shares, compared to its average volume of 14,814. The firm’s 50-day simple moving average is $30.50 and its 200-day simple moving average is $27.98. Penns Woods Bancorp has a twelve month low of $17.01 and a twelve month high of $34.56. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $220.43 million, a PE ratio of 12.25 and a beta of 0.47.

Penns Woods Bancorp (NASDAQ:PWOD) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.57 earnings per share for the quarter. Penns Woods Bancorp had a net margin of 14.87% and a return on equity of 9.26%.

Penns Woods Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date is Tuesday, March 11th. Penns Woods Bancorp’s dividend payout ratio is currently 54.24%.

Hedge Funds Weigh In On Penns Woods Bancorp

Institutional investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Penns Woods Bancorp by 4.6% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,797 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 343 shares in the last quarter. Wells Fargo & Company MN lifted its position in Penns Woods Bancorp by 50.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,351 shares of the financial services provider’s stock worth $41,000 after buying an additional 451 shares in the last quarter. Bridgeway Capital Management LLC boosted its stake in shares of Penns Woods Bancorp by 1.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 75,847 shares of the financial services provider’s stock worth $2,305,000 after buying an additional 892 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of Penns Woods Bancorp by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 27,260 shares of the financial services provider’s stock worth $648,000 after buying an additional 1,340 shares during the last quarter. Finally, Barclays PLC increased its position in shares of 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 acquiring an additional 2,398 shares during the last quarter. Institutional investors own 27.94% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Penns Woods Bancorp in a report on Saturday, March 1st. They set a “hold” rating on the stock.

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.