Richard A. Grafmyre Acquires 2,500 Shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Stock

Penns Woods Bancorp, Inc. (NASDAQ:PWODGet Rating) CEO Richard A. Grafmyre bought 2,500 shares of the firm’s stock in a transaction that occurred on Monday, May 2nd. The shares were acquired at an average price of $23.45 per share, with a total value of $58,625.00. Following the acquisition, the chief executive officer now owns 14,693 shares of the company’s stock, valued at $344,550.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Penns Woods Bancorp stock opened at $23.20 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.73. The company has a market cap of $164.12 million, a PE ratio of 10.22 and a beta of 0.56. The business has a 50 day moving average of $24.13 and a 200 day moving average of $24.07. Penns Woods Bancorp, Inc. has a 52 week low of $22.75 and a 52 week high of $26.70.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 22nd. Investors of record on Tuesday, March 8th were paid a $0.32 dividend. The ex-dividend date was Monday, March 7th. This represents a $1.28 annualized dividend and a yield of 5.52%. Penns Woods Bancorp’s payout ratio is 56.39%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new stake in shares of Penns Woods Bancorp in the fourth quarter worth $70,000. Royal Bank of Canada lifted its holdings in Penns Woods Bancorp by 125.8% in the second quarter. Royal Bank of Canada now owns 3,803 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 2,119 shares during the period. Capital Investment Advisors LLC bought a new position in Penns Woods Bancorp in the first quarter valued at about $104,000. Zullo Investment Group Inc. bought a new position in Penns Woods Bancorp in the fourth quarter valued at about $176,000. Finally, Two Sigma Investments LP bought a new position in Penns Woods Bancorp in the third quarter valued at about $262,000. 18.26% of the stock is currently owned by hedge funds and other institutional investors.

Separately, initiated coverage on Penns Woods Bancorp in a report on Wednesday, April 27th. They set a “hold” rating for the company.

Penns Woods Bancorp Company Profile (Get Rating)

Penns Woods Bancorp, Inc operates as the bank holding company for Jersey Shore State Bank and Luzerne 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 accounts.

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