Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Plans $0.32 Quarterly Dividend

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) has declared a quarterly dividend of $0.32 per share, payable on June 24th to shareholders of record as of June 10th. This results in an annualized dividend of $1.28 and a yield of 4.34%. The company's stock traded at $29.47, with a market cap of $224.35 million and a PE ratio of 12.49. Recent institutional investments have increased, with notable stakes from Cubist Systematic Strategies LLC and Goldman Sachs Group Inc.

Penns Woods Bancorp, Inc. (NASDAQ:PWOD - Get Free Report) declared a quarterly dividend on Tuesday, May 27th, RTT News reports. Shareholders of record on Tuesday, June 10th will be given a dividend of 0.32 per share by the financial services provider on Tuesday, June 24th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.34%.

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Penns Woods Bancorp Stock Performance

PWOD traded up $0.28 during midday trading on Tuesday, hitting $29.47. 2,795 shares of the company traded hands, compared to its average volume of 23,796. Penns Woods Bancorp has a 52 week low of $18.91 and a 52 week high of $34.56. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The company's 50-day moving average is $28.18 and its 200 day moving average is $29.76. The firm has a market capitalization of $224.35 million, a PE ratio of 12.49 and a beta of 0.45.

Penns Woods Bancorp (NASDAQ:PWOD - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The financial services provider reported $1.04 EPS for the quarter. The firm had revenue of $18.71 million for the quarter. Penns Woods Bancorp had a return on equity of 9.26% and a net margin of 14.87%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen began coverage on Penns Woods Bancorp in a report on Tuesday, May 20th. They set a "hold" rating for the company.

Check Out Our Latest Report on PWOD

Institutional Investors Weigh In On Penns Woods Bancorp

Institutional investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC lifted its stake in Penns Woods Bancorp by 124.5% in the 1st quarter. Cubist Systematic Strategies LLC now owns 4,191 shares of the financial services provider's stock valued at $117,000 after buying an additional 2,324 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Penns Woods Bancorp by 46.1% in the first quarter. Goldman Sachs Group Inc. now owns 36,282 shares of the financial services provider's stock worth $1,013,000 after acquiring an additional 11,453 shares during the last quarter. Finally, Empowered Funds LLC increased its position in shares of Penns Woods Bancorp by 1.8% during the first quarter. Empowered Funds LLC now owns 29,122 shares of the financial services provider's stock worth $813,000 after purchasing an additional 520 shares in the last quarter. Institutional investors and hedge funds own 27.94% of the company's stock.

About Penns Woods Bancorp

(Get Free Report)

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.

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