Penns Woods Bancorp (NASDAQ:PWOD) Share Price Passes Above 50 Day Moving Average - Here's What Happened
Penns Woods Bancorp (NASDAQ:PWOD) shares have surpassed their 50-day moving average of $29.82, trading as high as $32.30. The stock closed at $32.07 with a volume of 21,541 shares. The company reported $1.04 EPS for the last quarter, with a net margin of 17.52%. A quarterly dividend of $0.32 per share was recently paid. Institutional investors hold 27.94% of the stock, with significant increases in holdings from various hedge funds. The firm has a market cap of $244.05 million and a P/E ratio of 11.45.
Penns Woods Bancorp, Inc. (NASDAQ:PWOD - Get Free Report) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $29.82 and traded as high as $32.30. Penns Woods Bancorp shares last traded at $32.07, with a volume of 21,541 shares.
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Analyst Upgrades and Downgrades
Separately, Wall Street Zen initiated coverage on Penns Woods Bancorp in a research note on Tuesday, May 20th. They issued a "hold" rating on the stock.
Get Our Latest Research Report on PWOD
Penns Woods Bancorp Trading Up 0.8%
The firm's 50 day moving average price is $29.82 and its 200-day moving average price is $29.40. The stock has a market cap of $244.05 million, a P/E ratio of 11.45 and a beta of 0.46. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.08 and a quick ratio of 1.08.
Penns Woods Bancorp (NASDAQ:PWOD - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter. Penns Woods Bancorp had a net margin of 17.52% and a return on equity of 11.05%. The firm had revenue of $18.71 million during the quarter.
Penns Woods Bancorp Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.99%. The ex-dividend date was Tuesday, June 10th. Penns Woods Bancorp's dividend payout ratio is 45.71%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Merit Financial Group LLC boosted its holdings in shares of Penns Woods Bancorp by 221.5% in the 1st quarter. Merit Financial Group LLC now owns 41,897 shares of the financial services provider's stock valued at $1,169,000 after buying an additional 28,865 shares in the last quarter. Jane Street Group LLC lifted its holdings in Penns Woods Bancorp by 215.8% in the fourth quarter. Jane Street Group LLC now owns 47,270 shares of the financial services provider's stock valued at $1,437,000 after acquiring an additional 32,300 shares during the period. Bank of America Corp DE boosted its stake in shares of Penns Woods Bancorp by 124.3% during the 4th quarter. Bank of America Corp DE now owns 13,590 shares of the financial services provider's stock worth $413,000 after acquiring an additional 7,531 shares in the last quarter. Susquehanna International Group LLP grew its stake in Penns Woods Bancorp by 236.6% in the 4th quarter. Susquehanna International Group LLP now owns 93,873 shares of the financial services provider's stock valued at $2,853,000 after acquiring an additional 65,985 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Penns Woods Bancorp by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 275,989 shares of the financial services provider's stock worth $8,387,000 after buying an additional 6,269 shares during the last quarter. 27.94% of the stock is currently owned by institutional investors.
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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