Commonwealth Equity Services LLC cut its stake in Penns Woods Bancorp, Inc. (NASDAQ:PWOD) by 3.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,226 shares of the financial services provider’s stock after selling 600 shares during the period. Commonwealth Equity Services LLC’s holdings in Penns Woods Bancorp were worth $364,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Royal Bank of Canada raised its holdings in shares of Penns Woods Bancorp by 125.8% in the 2nd 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. Jacobi Capital Management LLC grew its position in Penns Woods Bancorp by 73.2% during the 2nd quarter. Jacobi Capital Management LLC now owns 7,733 shares of the financial services provider’s stock worth $184,000 after acquiring an additional 3,268 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Penns Woods Bancorp during the 2nd quarter worth approximately $240,000. Tibra Equities Europe Ltd bought a new stake in Penns Woods Bancorp during the 2nd quarter worth approximately $293,000. Finally, Morgan Stanley grew its position in Penns Woods Bancorp by 49.3% during the 2nd quarter. Morgan Stanley now owns 21,182 shares of the financial services provider’s stock worth $504,000 after acquiring an additional 6,991 shares during the last quarter. 19.96% of the stock is owned by institutional investors and hedge funds.
NASDAQ PWOD opened at $24.19 on Friday. The firm has a market cap of $171.00 million, a PE ratio of 11.36 and a beta of 0.62. Penns Woods Bancorp, Inc. has a one year low of $21.13 and a one year high of $28.19. The stock’s 50 day simple moving average is $23.99 and its 200 day simple moving average is $23.83. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.02 and a quick ratio of 1.02.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 21st. Shareholders of record on Tuesday, December 7th were given a $0.32 dividend. The ex-dividend date was Monday, December 6th. This represents a $1.28 dividend on an annualized basis and a yield of 5.29%. Penns Woods Bancorp’s payout ratio is 60.09%.
Penns Woods Bancorp Company Profile
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.
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