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

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) announced a quarterly dividend on Wednesday, November 24th, Wall Street Journal reports. Shareholders of record on Tuesday, December 7th will be paid a dividend of 0.32 per share by the financial services provider on Tuesday, December 21st. This represents a $1.28 annualized dividend and a dividend yield of 5.25%. The ex-dividend date is Monday, December 6th.

Penns Woods Bancorp has raised its dividend by 2.1% over the last three years and has increased its dividend annually for the last 1 consecutive years.

Shares of PWOD opened at $24.36 on Thursday. The firm has a market cap of $172.20 million, a PE ratio of 11.44 and a beta of 0.65. The stock’s fifty day moving average price is $23.97 and its two-hundred day moving average price is $24.10. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.02 and a quick ratio of 1.03. Penns Woods Bancorp has a 1 year low of $21.13 and a 1 year high of $28.19.

In other news, Director Charles E. Kranich bought 1,750 shares of the stock in a transaction on Thursday, September 9th. The shares were purchased at an average cost of $23.83 per share, for a total transaction of $41,702.50. Following the completion of the purchase, the director now directly owns 21,313 shares in the company, valued at approximately $507,888.79. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders acquired 5,537 shares of company stock worth $132,063. Corporate insiders own 4.34% of the company’s stock.

Several large investors have recently added to or reduced their stakes in PWOD. Two Sigma Investments LP bought a new stake in shares of Penns Woods Bancorp during the 3rd quarter valued at $262,000. Morgan Stanley raised its stake in shares of Penns Woods Bancorp by 49.3% during the 2nd quarter. Morgan Stanley now owns 21,182 shares of the financial services provider’s stock valued at $504,000 after purchasing an additional 6,991 shares during the period. Finally, Royal Bank of Canada grew its position in Penns Woods Bancorp by 125.8% during the second quarter. Royal Bank of Canada now owns 3,803 shares of the financial services provider’s stock worth $91,000 after buying an additional 2,119 shares in the last quarter. Institutional investors own 23.32% of the company’s stock.

About Penns Woods Bancorp

Penns Woods Bancorp, Inc operates as a bank holding company. The firm offers products including accepting time, demand and savings deposits, including Super NOW accounts, regular savings accounts, money market certificates, investment certificates, fixed-rate certificates of deposit and club accounts.

See Also: Outperform Rating

Dividend History for Penns Woods Bancorp (NASDAQ:PWOD)

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