Brian L. Knepp Acquires 2,670 Shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Stock

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) President Brian L. Knepp purchased 2,670 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were bought at an average cost of $17.32 per share, with a total value of $46,244.40. Following the completion of the acquisition, the president now owns 20,776 shares of the company’s stock, valued at $359,840.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Penns Woods Bancorp Stock Up 4.7 %

Penns Woods Bancorp stock opened at $18.30 on Thursday. The stock’s 50 day moving average price is $18.66 and its 200 day moving average price is $20.29. The company has a market cap of $137.43 million, a PE ratio of 8.39 and a beta of 0.47. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.10 and a quick ratio of 1.09. Penns Woods Bancorp, Inc. has a 1-year low of $17.01 and a 1-year high of $27.59.

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

Penns Woods Bancorp Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PWOD. Commonwealth Equity Services LLC boosted its stake in shares of Penns Woods Bancorp by 2.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 47,970 shares of the financial services provider’s stock worth $1,011,000 after acquiring an additional 1,090 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Penns Woods Bancorp in the 3rd quarter valued at approximately $29,000. Hudock Inc. raised its holdings in Penns Woods Bancorp by 0.6% during the third quarter. Hudock Inc. now owns 87,187 shares of the financial services provider’s stock worth $1,838,000 after purchasing an additional 534 shares during the last quarter. Merit Financial Group LLC acquired a new stake in Penns Woods Bancorp in the fourth quarter valued at $201,000. Finally, Private Advisor Group LLC purchased a new position in shares of Penns Woods Bancorp in the fourth quarter valued at $552,000. 27.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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.