Two Sigma Investments LP Sells 8,206 Shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

Two Sigma Investments LP decreased its stake in Penns Woods Bancorp, Inc. (NASDAQ:PWOD) by 41.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,506 shares of the financial services provider’s stock after selling 8,206 shares during the period. Two Sigma Investments LP owned about 0.15% of Penns Woods Bancorp worth $350,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Penns Woods Bancorp by 4.6% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,797 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 343 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of Penns Woods Bancorp during the 4th quarter valued at $219,000. Bridgeway Capital Management LLC grew its holdings in shares of Penns Woods Bancorp by 1.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 75,847 shares of the financial services provider’s stock valued at $2,305,000 after purchasing an additional 892 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Penns Woods Bancorp by 124.3% during the 4th quarter. Bank of America Corp DE now owns 13,590 shares of the financial services provider’s stock valued at $413,000 after purchasing an additional 7,531 shares during the last quarter. Finally, Rhino Investment Partners Inc bought a new position in shares of Penns Woods Bancorp during the 4th quarter valued at $1,078,000. Institutional investors own 27.94% of the company’s stock.

Penns Woods Bancorp Price Performance

Shares of Penns Woods Bancorp stock opened at $29.77 on Wednesday. The company’s fifty day simple moving average is $28.43 and its two-hundred day simple moving average is $29.73. Penns Woods Bancorp, Inc. has a 12-month low of $18.91 and a 12-month high of $34.56. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The firm has a market cap of $226.67 million, a PE ratio of 12.61 and a beta of 0.47.

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

Penns Woods Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be given a $0.32 dividend. The ex-dividend date is Tuesday, June 10th. This represents a $1.28 annualized dividend and a dividend yield of 4.30%. Penns Woods Bancorp’s dividend payout ratio is 45.71%.

Analysts Set New Price Targets

Separately, Wall Street Zen assumed coverage on shares of Penns Woods Bancorp in a report on Tuesday, May 20th. They issued a “hold” rating on the stock.

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.