Penns Woods Bancorp (NASDAQ:PWOD) Shares Cross Below 200 Day Moving Average of $23.36

Penns Woods Bancorp, Inc. (NASDAQ:PWODGet Rating) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $23.36 and traded as low as $22.75. Penns Woods Bancorp shares last traded at $23.00, with a volume of 2,444 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Penns Woods Bancorp in a research note on Saturday. They set a “hold” rating for the company.

Penns Woods Bancorp Stock Performance

The company has a market cap of $162.20 million, a P/E ratio of 9.75 and a beta of 0.45. The company has a 50 day moving average price of $22.87 and a 200-day moving average price of $23.36. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.68.

Penns Woods Bancorp (NASDAQ:PWODGet Rating) last released its quarterly earnings results on Thursday, July 21st. The financial services provider reported $0.61 earnings per share (EPS) for the quarter. Penns Woods Bancorp had a return on equity of 9.90% and a net margin of 23.96%. The company had revenue of $15.98 million during the quarter.

Penns Woods Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 20th. Stockholders of record on Tuesday, September 6th will be paid a $0.32 dividend. The ex-dividend date is Friday, September 2nd. This represents a $1.28 annualized dividend and a dividend yield of 5.57%. Penns Woods Bancorp’s payout ratio is 54.24%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Cetera Advisor Networks LLC bought a new position in Penns Woods Bancorp during the second quarter valued at about $1,085,000. Commonwealth Equity Services LLC boosted its stake in Penns Woods Bancorp by 137.3% during the first quarter. Commonwealth Equity Services LLC now owns 44,961 shares of the financial services provider’s stock valued at $1,098,000 after buying an additional 26,012 shares in the last quarter. Captrust Financial Advisors bought a new position in Penns Woods Bancorp during the second quarter valued at about $105,000. State Street Corp boosted its stake in Penns Woods Bancorp by 20.1% during the second quarter. State Street Corp now owns 26,255 shares of the financial services provider’s stock valued at $606,000 after buying an additional 4,400 shares in the last quarter. Finally, Capital Investment Advisors LLC bought a new position in Penns Woods Bancorp during the first quarter valued at about $104,000. Institutional investors own 18.79% of the company’s stock.

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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