Cubist Systematic Strategies LLC Purchases New Stake in Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

Cubist Systematic Strategies LLC acquired a new position in shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,907 shares of the financial services provider’s stock, valued at approximately $39,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PWOD. Quadrature Capital Ltd lifted its holdings in 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 worth $524,000 after purchasing an additional 693 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Penns Woods Bancorp by 1.8% in the second quarter. Commonwealth Equity Services LLC now owns 48,068 shares of the financial services provider’s stock valued at $988,000 after acquiring an additional 869 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Penns Woods Bancorp by 55.5% in the first quarter. BNP Paribas Financial Markets now owns 3,554 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 1,269 shares in the last quarter. Empowered Funds LLC increased its position in Penns Woods Bancorp by 7.8% during the first quarter. Empowered Funds LLC now owns 24,120 shares of the financial services provider’s stock worth $468,000 after acquiring an additional 1,750 shares during the period. Finally, Vanguard Group Inc. raised 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 in the last quarter. 27.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Penns Woods Bancorp Price Performance

Shares of NASDAQ PWOD opened at $24.25 on Wednesday. The business has a fifty day moving average price of $22.59 and a two-hundred day moving average price of $20.76. The stock has a market capitalization of $182.60 million, a PE ratio of 11.12 and a beta of 0.45. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.10 and a quick ratio of 1.09. Penns Woods Bancorp, Inc. has a fifty-two week low of $17.01 and a fifty-two week high of $24.50.

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

Penns Woods Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date was Tuesday, September 10th. Penns Woods Bancorp’s dividend payout ratio (DPR) is presently 58.72%.

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.