Penns Woods Bancorp (NASDAQ:PWOD) Stock Passes Below 200 Day Moving Average of $20.93

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $20.93 and traded as low as $18.80. Penns Woods Bancorp shares last traded at $19.25, with a volume of 19,370 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. TheStreet cut shares of Penns Woods Bancorp from a “b-” rating to a “c+” rating in a research note on Wednesday, March 20th. StockNews.com raised shares of Penns Woods Bancorp from a “sell” rating to a “hold” rating in a research note on Monday, January 1st.

Penns Woods Bancorp Price Performance

The company’s 50 day moving average price is $19.98 and its 200 day moving average price is $20.93. The firm has a market capitalization of $144.57 million, a P/E ratio of 8.33 and a beta of 0.45. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.10 and a quick ratio of 1.09.

Penns Woods Bancorp (NASDAQ:PWOD) last announced its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.77 earnings per share for the quarter. Penns Woods Bancorp had a net margin of 16.61% and a return on equity of 9.34%. The business had revenue of $16.17 million for the quarter.

Penns Woods Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Tuesday, March 12th were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $1.28 annualized dividend and a yield of 6.65%. Penns Woods Bancorp’s dividend payout ratio is currently 55.41%.

Hedge Funds Weigh In On Penns Woods Bancorp

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its position in shares of Penns Woods Bancorp by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 63,597 shares of the financial services provider’s stock worth $1,692,000 after purchasing an additional 485 shares in the last quarter. Millennium Management LLC boosted its position in shares of Penns Woods Bancorp by 0.8% during the second quarter. Millennium Management LLC now owns 65,002 shares of the financial services provider’s stock worth $1,501,000 after purchasing an additional 502 shares in the last quarter. Hudock Inc. boosted its position in shares of Penns Woods Bancorp by 0.6% during the third quarter. Hudock Inc. now owns 87,187 shares of the financial services provider’s stock worth $1,838,000 after purchasing an additional 534 shares in the last quarter. BlackRock Inc. boosted its position in shares of Penns Woods Bancorp by 1.4% during the first quarter. BlackRock Inc. now owns 52,712 shares of the financial services provider’s stock worth $1,218,000 after purchasing an additional 750 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Penns Woods Bancorp by 0.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 280,833 shares of the financial services provider’s stock valued at $6,861,000 after acquiring an additional 751 shares in the last quarter. 27.94% of the stock is currently owned by institutional investors and hedge funds.

About Penns Woods Bancorp

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.