First Trust Advisors LP Trims Position in Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

First Trust Advisors LP decreased its position in shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD) by 10.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,417 shares of the financial services provider’s stock after selling 2,488 shares during the quarter. First Trust Advisors LP owned approximately 0.30% of Penns Woods Bancorp worth $681,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN boosted its stake in shares of Penns Woods Bancorp by 50.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,351 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 451 shares during the period. JPMorgan Chase & Co. boosted its stake in Penns Woods Bancorp by 471.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,680 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 6,337 shares during the period. Zullo Investment Group Inc. purchased a new stake in Penns Woods Bancorp during the 4th quarter valued at approximately $207,000. Intellus Advisors LLC purchased a new stake in Penns Woods Bancorp during the 4th quarter valued at approximately $321,000. Finally, Barclays PLC raised its position in shares of Penns Woods Bancorp by 19.2% during the third quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock valued at $353,000 after buying an additional 2,398 shares during the last quarter. Institutional investors own 27.94% of the company’s stock.

Penns Woods Bancorp Price Performance

NASDAQ:PWOD opened at $29.67 on Friday. The business’s 50-day moving average is $27.83 and its 200 day moving average is $29.45. Penns Woods Bancorp, Inc. has a 12 month low of $18.76 and a 12 month high of $34.56. The company has a market capitalization of $225.88 million, a P/E ratio of 12.57 and a beta of 0.45. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24.

Penns Woods Bancorp (NASDAQ:PWOD) last issued its quarterly earnings data on Friday, April 25th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter. Penns Woods Bancorp had a return on equity of 9.26% and a net margin of 14.87%. The business had revenue of $18.71 million for the quarter.

Penns Woods Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were paid a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.31%. Penns Woods Bancorp’s payout ratio is currently 45.71%.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Penns Woods Bancorp in a research note on Sunday, May 4th. They set a “hold” rating for the company.

Penns Woods Bancorp Company Profile

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.