Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Director James M. Furey II sold 2,000 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $48.10, for a total value of $96,200.00. Following the completion of the sale, the director now directly owns 6,547 shares of the company’s stock, valued at $314,910.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Penns Woods Bancorp, Inc. (NASDAQ PWOD) traded down 0.06% during midday trading on Thursday, hitting $48.57. The stock had a trading volume of 13,887 shares. Penns Woods Bancorp, Inc. has a 12-month low of $38.12 and a 12-month high of $52.65. The company has a 50-day moving average price of $46.66 and a 200-day moving average price of $42.64. The company has a market cap of $227.70 million, a price-to-earnings ratio of 19.51 and a beta of 0.98.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 26th. Investors of record on Tuesday, September 12th were paid a dividend of $0.47 per share. The ex-dividend date was Monday, September 11th. This represents a $1.88 dividend on an annualized basis and a yield of 3.87%. Penns Woods Bancorp’s payout ratio is currently 74.31%.
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Several equities research analysts have recently weighed in on the company. ValuEngine raised Penns Woods Bancorp from a “hold” rating to a “buy” rating in a report on Monday, September 11th. TheStreet raised Penns Woods Bancorp from a “c+” rating to a “b-” rating in a report on Monday, August 14th.
Institutional investors and hedge funds have recently modified their holdings of the stock. Private Advisor Group LLC bought a new position in Penns Woods Bancorp during the 2nd quarter worth $272,000. The Manufacturers Life Insurance Company grew its stake in Penns Woods Bancorp by 25.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,112 shares of the financial services provider’s stock worth $252,000 after buying an additional 1,227 shares during the last quarter. State Street Corp grew its stake in Penns Woods Bancorp by 2.3% during the 2nd quarter. State Street Corp now owns 81,081 shares of the financial services provider’s stock worth $3,337,000 after buying an additional 1,849 shares during the last quarter. Vanguard Group Inc. grew its stake in Penns Woods Bancorp by 1.9% during the 2nd quarter. Vanguard Group Inc. now owns 167,385 shares of the financial services provider’s stock worth $6,893,000 after buying an additional 3,107 shares during the last quarter. Finally, Northern Trust Corp grew its stake in Penns Woods Bancorp by 5.2% during the 2nd quarter. Northern Trust Corp now owns 53,330 shares of the financial services provider’s stock worth $2,197,000 after buying an additional 2,654 shares during the last quarter. Hedge funds and other institutional investors own 23.36% of the company’s stock.
About Penns Woods Bancorp
Penns Woods Bancorp, Inc is a bank holding company. The Company operates through its subsidiaries: Jersey Shore State Bank (JSSB) and Luzerne Bank (Luzerne) (collectively known as the Banks); Woods Real Estate Development Company, Inc; Woods Investment Company, Inc, and The M Group, a subsidiary of JSSB.
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