19,001 Shares in Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Purchased by Squarepoint Ops LLC

Squarepoint Ops LLC acquired a new stake in shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 19,001 shares of the financial services provider’s stock, valued at approximately $390,000. Squarepoint Ops LLC owned about 0.25% of Penns Woods Bancorp as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PWOD. Cubist Systematic Strategies LLC acquired a new stake in Penns Woods Bancorp in the second quarter valued at about $39,000. BNP Paribas Financial Markets boosted 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 buying an additional 1,269 shares in the last quarter. Hsbc Holdings PLC purchased a new position in Penns Woods Bancorp in the second quarter worth $205,000. Virtu Financial LLC purchased a new stake in shares of Penns Woods Bancorp during the 4th quarter worth $258,000. Finally, Empowered Funds LLC grew 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 worth $468,000 after purchasing an additional 1,750 shares during the period. 27.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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 Stock Performance

NASDAQ PWOD opened at $24.35 on Friday. The business has a 50 day moving average price of $22.63 and a 200 day moving average price of $20.81. The company has a market capitalization of $183.36 million, a P/E ratio of 11.17 and a beta of 0.45. Penns Woods Bancorp, Inc. has a 1-year low of $17.01 and a 1-year high of $24.50. 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 (NASDAQ:PWOD) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.72 EPS for the quarter. The business 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 business also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 5.26%. The ex-dividend date was Tuesday, September 10th. Penns Woods Bancorp’s 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.