Jane Street Group LLC Has $1.44 Million Stake in Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

Jane Street Group LLC grew its holdings in shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD) by 215.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,270 shares of the financial services provider’s stock after purchasing an additional 32,300 shares during the period. Jane Street Group LLC owned about 0.63% of Penns Woods Bancorp worth $1,437,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Evergreen Wealth Solutions LLC grew its position in Penns Woods Bancorp by 19.3% during the fourth quarter. Evergreen Wealth Solutions LLC now owns 17,298 shares of the financial services provider’s stock worth $526,000 after buying an additional 2,794 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Penns Woods Bancorp during the 4th quarter worth $421,000. Susquehanna International Group LLP increased its position in shares of Penns Woods Bancorp by 236.6% in the fourth quarter. Susquehanna International Group LLP now owns 93,873 shares of the financial services provider’s stock worth $2,853,000 after purchasing an additional 65,985 shares during the period. Dimensional Fund Advisors LP raised its stake in Penns Woods Bancorp by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 275,989 shares of the financial services provider’s stock valued at $8,387,000 after purchasing an additional 6,269 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in Penns Woods Bancorp by 50.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,351 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 451 shares during the period. 27.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Penns Woods Bancorp in a research report on Tuesday. They issued a “hold” rating for the company.

Penns Woods Bancorp Trading Up 1.1%

Shares of PWOD opened at $30.36 on Tuesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. Penns Woods Bancorp, Inc. has a 52-week low of $18.91 and a 52-week high of $34.56. The firm has a market cap of $231.16 million, a price-to-earnings ratio of 12.86 and a beta of 0.45. The business’s fifty day moving average is $28.04 and its 200-day moving average is $29.68.

Penns Woods Bancorp (NASDAQ:PWOD) last released its earnings results on Friday, April 25th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter. The firm had revenue of $18.71 million 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 was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.32 per share. The ex-dividend date was Tuesday, March 11th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.22%. Penns Woods Bancorp’s payout ratio is presently 45.71%.

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.