Geode Capital Management LLC Grows Stock Position in Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

Geode Capital Management LLC grew its position in shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD) by 6.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,828 shares of the financial services provider’s stock after buying an additional 4,511 shares during the period. Geode Capital Management LLC owned 1.03% of Penns Woods Bancorp worth $1,852,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC raised its stake in Penns Woods Bancorp by 19.2% in the 3rd 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 period. RBF Capital LLC raised its position in shares of Penns Woods Bancorp by 39.8% in the third quarter. RBF Capital LLC now owns 25,847 shares of the financial services provider’s stock valued at $615,000 after purchasing an additional 7,356 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Penns Woods Bancorp by 217.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,499 shares of the financial services provider’s stock valued at $821,000 after buying an additional 23,620 shares in the last quarter. Empowered Funds LLC boosted its holdings in Penns Woods Bancorp by 5.2% in 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 period. Finally, GSA Capital Partners LLP purchased a new position in Penns Woods Bancorp in the 3rd quarter valued at approximately $486,000. Institutional investors own 27.94% of the company’s stock.

Penns Woods Bancorp Stock Down 0.4 %

Shares of NASDAQ PWOD opened at $29.93 on Thursday. The business has a 50-day simple moving average of $30.67 and a two-hundred day simple moving average of $25.51. Penns Woods Bancorp, Inc. has a 52 week low of $17.01 and a 52 week high of $34.56. The company has a market cap of $225.79 million, a P/E ratio of 11.34 and a beta of 0.48. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24.

Penns Woods Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Tuesday, December 10th were paid a dividend of $0.32 per share. The ex-dividend date was Tuesday, December 10th. This represents a $1.28 annualized dividend and a yield of 4.28%. Penns Woods Bancorp’s dividend payout ratio is currently 48.48%.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Penns Woods Bancorp in a research report on Saturday, January 4th. They set a “hold” rating on the stock.

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.