Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Sees Significant Growth in Short Interest

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 28,300 shares, a growth of 19.4% from the December 31st total of 23,700 shares. Based on an average trading volume of 22,300 shares, the short-interest ratio is currently 1.3 days.

Penns Woods Bancorp Stock Down 1.0 %

Shares of PWOD stock traded down $0.32 during trading hours on Monday, hitting $30.11. 1,548 shares of the company were exchanged, compared to its average volume of 17,305. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. Penns Woods Bancorp has a one year low of $17.01 and a one year high of $34.56. The business’s 50-day simple moving average is $31.24 and its two-hundred day simple moving average is $26.71. The stock has a market capitalization of $227.06 million, a price-to-earnings ratio of 12.68 and a beta of 0.47.

Penns Woods Bancorp (NASDAQ:PWOD) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter. Penns Woods Bancorp had a net margin of 14.87% and a return on equity of 9.26%.

Penns Woods Bancorp Announces Dividend

The business 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 of this dividend was Tuesday, December 10th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.25%. Penns Woods Bancorp’s dividend payout ratio is presently 54.24%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Penns Woods Bancorp in a research note on Tuesday, January 28th. They set a “hold” rating for the company.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. ABC Arbitrage SA bought a new position in shares of Penns Woods Bancorp in the fourth quarter valued at $369,000. Empowered Funds LLC raised its stake in Penns Woods Bancorp by 4.9% during the 4th quarter. Empowered Funds LLC now owns 28,602 shares of the financial services provider’s stock valued at $869,000 after purchasing an additional 1,342 shares during the period. JPMorgan Chase & Co. raised its stake in Penns Woods Bancorp by 471.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,680 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 6,337 shares during the period. Barclays PLC raised its stake in Penns Woods Bancorp by 19.2% during the 3rd quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 2,398 shares during the period. Finally, Geode Capital Management LLC grew its holdings in shares of Penns Woods Bancorp by 6.2% during the 3rd quarter. Geode Capital Management LLC now owns 77,828 shares of the financial services provider’s stock valued at $1,852,000 after acquiring an additional 4,511 shares in the last quarter. Institutional investors own 27.94% of the company’s 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.