Insider Buying: Penns Woods Bancorp, Inc. (PWOD) CEO Purchases 500 Shares of Stock

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) CEO Richard A. Grafmyre bought 500 shares of the business’s stock in a transaction dated Tuesday, October 30th. The shares were bought at an average price of $40.28 per share, with a total value of $20,140.00. Following the completion of the transaction, the chief executive officer now owns 3,159 shares in the company, valued at approximately $127,244.52. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

NASDAQ:PWOD opened at $40.00 on Wednesday. The firm has a market cap of $185.89 million, a PE ratio of 13.61 and a beta of 0.75. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.89. Penns Woods Bancorp, Inc. has a fifty-two week low of $39.55 and a fifty-two week high of $50.00.

Penns Woods Bancorp (NASDAQ:PWOD) last released its earnings results on Friday, October 19th. The financial services provider reported $0.82 earnings per share for the quarter. The firm had revenue of $14.84 million during the quarter. Penns Woods Bancorp had a return on equity of 10.06% and a net margin of 17.14%.

Separately, ValuEngine downgraded Penns Woods Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, September 17th.

Several large investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System lifted its position in shares of Penns Woods Bancorp by 9.6% during the 2nd quarter. California Public Employees Retirement System now owns 15,688 shares of the financial services provider’s stock valued at $703,000 after acquiring an additional 1,380 shares during the period. Wells Fargo & Company MN lifted its position in shares of Penns Woods Bancorp by 30.0% during the 1st quarter. Wells Fargo & Company MN now owns 8,854 shares of the financial services provider’s stock valued at $375,000 after acquiring an additional 2,042 shares during the period. BlackRock Inc. lifted its position in shares of Penns Woods Bancorp by 2.1% during the 2nd quarter. BlackRock Inc. now owns 227,192 shares of the financial services provider’s stock valued at $10,173,000 after acquiring an additional 4,765 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Penns Woods Bancorp by 4.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 144,957 shares of the financial services provider’s stock valued at $6,133,000 after acquiring an additional 5,756 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Penns Woods Bancorp by 7.7% during the 2nd quarter. Renaissance Technologies LLC now owns 111,300 shares of the financial services provider’s stock valued at $4,984,000 after acquiring an additional 7,987 shares during the period. Hedge funds and other institutional investors own 25.26% of the company’s stock.

About Penns Woods Bancorp

Penns Woods Bancorp, Inc operates as the bank holding company for Jersey Shore State Bank and Luzerne Bank, which provides banking and financial services to individuals, partnerships, non-profit organizations, and corporations. It provides time deposits, super NOW accounts, statement savings accounts, money market accounts, certificates of deposit, checking accounts, and IRAs.

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