Truffle Hound Capital LLC Purchases New Position in Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

Truffle Hound Capital LLC purchased a new stake in Penns Woods Bancorp, Inc. (NASDAQ:PWOD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 200,000 shares of the financial services provider’s stock, valued at approximately $6,078,000. Penns Woods Bancorp makes up 2.1% of Truffle Hound Capital LLC’s investment portfolio, making the stock its 9th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Geode Capital Management LLC increased its stake in shares of Penns Woods Bancorp by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 77,828 shares of the financial services provider’s stock valued at $1,852,000 after purchasing an additional 4,511 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Penns Woods Bancorp by 9.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,822 shares of the financial services provider’s stock valued at $1,149,000 after purchasing an additional 3,323 shares in the last quarter. Empowered Funds LLC increased its stake in shares of Penns Woods Bancorp by 4.9% in the 4th quarter. Empowered Funds LLC now owns 28,602 shares of the financial services provider’s stock valued at $869,000 after purchasing an additional 1,342 shares in the last quarter. RBF Capital LLC increased its stake in shares of Penns Woods Bancorp by 39.8% in the 3rd quarter. RBF Capital LLC now owns 25,847 shares of the financial services provider’s stock valued at $615,000 after purchasing an additional 7,356 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of Penns Woods Bancorp by 19.2% in the 3rd quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 2,398 shares in the last quarter. Hedge funds and other institutional investors own 27.94% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Penns Woods Bancorp in a research note on Monday, March 17th. They set a “hold” rating for the company.

Penns Woods Bancorp Price Performance

NASDAQ:PWOD opened at $28.03 on Friday. Penns Woods Bancorp, Inc. has a 12 month low of $17.01 and a 12 month high of $34.56. The stock has a 50 day moving average of $30.03 and a two-hundred day moving average of $28.43. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The firm has a market cap of $213.39 million, a P/E ratio of 11.88 and a beta of 0.46.

Penns Woods Bancorp (NASDAQ:PWOD) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.57 EPS for the quarter. Penns Woods Bancorp had a return on equity of 9.26% and a net margin of 14.87%.

Penns Woods Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.57%. The ex-dividend date is Tuesday, March 11th. Penns Woods Bancorp’s dividend payout ratio is currently 54.24%.

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.