Virtu Financial LLC Acquires New Stake in Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

Virtu Financial LLC acquired a new stake in Penns Woods Bancorp, Inc. (NASDAQ:PWOD) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 11,469 shares of the financial services provider’s stock, valued at approximately $258,000. Virtu Financial LLC owned approximately 0.16% of Penns Woods Bancorp at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Private Advisor Group LLC bought a new stake in Penns Woods Bancorp in the 4th quarter valued at $552,000. Merit Financial Group LLC bought a new stake in Penns Woods Bancorp in the 4th quarter valued at $201,000. Finally, Evergreen Wealth Solutions LLC lifted its position in 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. 27.94% of the stock is owned by institutional investors.

Insider Transactions at Penns Woods Bancorp

In other news, President Brian L. Knepp acquired 2,670 shares of the stock in a transaction dated Tuesday, April 30th. The shares were bought at an average cost of $17.32 per share, for a total transaction of $46,244.40. Following the purchase, the president now directly 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 the SEC website. In related news, Director Charles E. Kranich purchased 1,400 shares of the firm’s stock in a transaction that occurred on Tuesday, June 11th. The shares were acquired at an average price of $20.09 per share, for a total transaction of $28,126.00. Following the purchase, the director now owns 37,552 shares in the company, valued at $754,419.68. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Brian L. Knepp purchased 2,670 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was bought at an average price of $17.32 per share, for a total transaction of $46,244.40. Following the purchase, the president now owns 20,776 shares in the company, valued at approximately $359,840.32. The disclosure for this purchase can be found here. Insiders have bought 8,305 shares of company stock worth $150,686 in the last ninety days. Insiders own 3.98% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on PWOD. TheStreet cut shares of Penns Woods Bancorp from a “b-” rating to a “c+” rating in a research report on Wednesday, March 20th. StockNews.com cut shares of Penns Woods Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, June 7th.

Penns Woods Bancorp Trading Down 0.1 %

Shares of NASDAQ:PWOD opened at $19.91 on Friday. The company’s 50-day moving average price is $19.13 and its two-hundred day moving average price is $19.96. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.10 and a quick ratio of 1.10. Penns Woods Bancorp, Inc. has a one year low of $17.01 and a one year high of $27.59. The stock has a market capitalization of $149.92 million, a PE ratio of 9.13 and a beta of 0.49.

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. The company had revenue of $16.21 million for the quarter. Penns Woods Bancorp had a net margin of 14.79% and a return on equity of 8.61%.

Penns Woods Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 11th will be paid a dividend of $0.32 per share. The ex-dividend date is Tuesday, June 11th. This represents a $1.28 annualized dividend and a dividend yield of 6.43%. Penns Woods Bancorp’s dividend payout ratio is presently 58.72%.

Penns Woods Bancorp 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.