Short Interest in Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Drops By 64.9%

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) was the recipient of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 16,300 shares, a decline of 64.9% from the October 15th total of 46,500 shares. Based on an average daily volume of 12,700 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Trading of Penns Woods Bancorp

Several institutional investors have recently made changes to their positions in PWOD. Cubist Systematic Strategies LLC bought a new position in Penns Woods Bancorp during the 2nd quarter valued at about $39,000. BNP Paribas Financial Markets raised its position in Penns Woods Bancorp by 55.5% in the 1st 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 during the last quarter. Hsbc Holdings PLC bought a new position in Penns Woods Bancorp in the second quarter valued at $205,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Penns Woods Bancorp in the second quarter valued at about $223,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Penns Woods Bancorp during the 2nd quarter worth approximately $390,000. 27.94% of the stock is currently owned by institutional investors and hedge funds.

Penns Woods Bancorp Stock Down 0.9 %

NASDAQ PWOD traded down $0.26 during trading on Wednesday, hitting $29.34. 32,377 shares of the company traded hands, compared to its average volume of 25,536. The company has a market capitalization of $221.22 million, a P/E ratio of 11.36 and a beta of 0.44. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 1.30. Penns Woods Bancorp has a 12 month low of $17.01 and a 12 month high of $30.05. The business has a fifty day simple moving average of $24.52 and a 200 day simple moving average of $22.14.

Penns Woods Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.32 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.28 dividend on an annualized basis and a yield of 4.36%. Penns Woods Bancorp’s dividend payout ratio is currently 48.49%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Penns Woods Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, November 8th.

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.