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

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 45,500 shares, a growth of 38.3% from the August 31st total of 32,900 shares. Based on an average trading volume of 35,100 shares, the days-to-cover ratio is currently 1.3 days.

Hedge Funds Weigh In On Penns Woods Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Penns Woods Bancorp by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 336,829 shares of the financial services provider’s stock worth $6,538,000 after purchasing an additional 6,992 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of Penns Woods Bancorp by 1.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 48,068 shares of the financial services provider’s stock valued at $988,000 after buying an additional 869 shares during the period. Quadrature Capital Ltd boosted its stake in shares of Penns Woods Bancorp by 2.6% during the 1st quarter. Quadrature Capital Ltd now owns 27,158 shares of the financial services provider’s stock valued at $524,000 after buying an additional 693 shares during the period. Empowered Funds LLC boosted its stake 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 valued at $468,000 after buying an additional 1,750 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in shares of Penns Woods Bancorp during the 2nd quarter valued at $390,000. Institutional investors and hedge funds own 27.94% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Penns Woods Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd.

Penns Woods Bancorp Price Performance

Penns Woods Bancorp stock traded down $0.32 during mid-day trading on Friday, hitting $23.58. The company’s stock had a trading volume of 7,272 shares, compared to its average volume of 10,581. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $177.79 million, a P/E ratio of 10.82 and a beta of 0.45. Penns Woods Bancorp has a twelve month low of $17.01 and a twelve month high of $24.23. The stock’s fifty day moving average price is $22.46 and its two-hundred day moving average price is $20.49.

Penns Woods Bancorp (NASDAQ:PWOD) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter. The firm had revenue of $16.54 million for the quarter. Penns Woods Bancorp had a net margin of 15.20% and a return on equity of 8.99%.

Penns Woods Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 5.43%. The ex-dividend date of this dividend was Tuesday, September 10th. Penns Woods Bancorp’s dividend payout ratio is 58.72%.

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.