Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Sees Large Decrease in Short Interest

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 16,300 shares, a decrease of 64.9% from the October 15th total of 46,500 shares. Based on an average daily trading volume, of 12,700 shares, the short-interest ratio is currently 1.3 days.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Penns Woods Bancorp from a “hold” rating to a “buy” rating in a report on Friday.

Penns Woods Bancorp Trading Up 5.1 %

PWOD traded up $1.43 during trading on Tuesday, hitting $29.60. The company’s stock had a trading volume of 28,500 shares, compared to its average volume of 25,505. The firm has a market capitalization of $223.30 million, a P/E ratio of 10.67 and a beta of 0.44. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 1.30. The stock’s fifty day moving average price is $24.37 and its 200-day moving average price is $22.05. Penns Woods Bancorp has a twelve month low of $17.01 and a twelve month high of $29.65.

Penns Woods Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th were given a dividend of $0.32 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.28 annualized dividend and a yield of 4.32%. Penns Woods Bancorp’s dividend payout ratio (DPR) is presently 48.48%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its position in shares of Penns Woods Bancorp by 55.5% during the 1st quarter. BNP Paribas Financial Markets now owns 3,554 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 1,269 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Penns Woods Bancorp by 7.8% in the first quarter. Empowered Funds LLC now owns 24,120 shares of the financial services provider’s stock worth $468,000 after buying an additional 1,750 shares during the period. Vanguard Group Inc. raised its holdings in Penns Woods Bancorp by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 336,829 shares of the financial services provider’s stock worth $6,538,000 after purchasing an additional 6,992 shares during the period. Quadrature Capital Ltd increased its holdings in shares of Penns Woods Bancorp by 2.6% in the first quarter. Quadrature Capital Ltd now owns 27,158 shares of the financial services provider’s stock valued at $524,000 after purchasing an additional 693 shares during the period. Finally, Commonwealth Equity Services LLC lifted its position in Penns Woods Bancorp by 1.8% during the second quarter. Commonwealth Equity Services LLC now owns 48,068 shares of the financial services provider’s stock worth $988,000 after buying an additional 869 shares during the period. 27.94% of the stock is owned by hedge funds and other institutional investors.

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.