Bank of America Corp DE Has $413,000 Stake in Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

Bank of America Corp DE increased its stake in shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD) by 124.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,590 shares of the financial services provider’s stock after acquiring an additional 7,531 shares during the period. Bank of America Corp DE owned 0.18% of Penns Woods Bancorp worth $413,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Rhino Investment Partners Inc acquired a new position in shares of Penns Woods Bancorp during the 4th quarter valued at about $1,078,000. Jane Street Group LLC increased its holdings in shares of Penns Woods Bancorp by 215.8% during the 4th quarter. Jane Street Group LLC now owns 47,270 shares of the financial services provider’s stock valued at $1,437,000 after acquiring an additional 32,300 shares during the last quarter. Evergreen Wealth Solutions LLC grew its holdings in Penns Woods Bancorp by 19.3% in the 4th quarter. Evergreen Wealth Solutions LLC now owns 17,298 shares of the financial services provider’s stock valued at $526,000 after buying an additional 2,794 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in Penns Woods Bancorp in the 4th quarter valued at approximately $421,000. Finally, Susquehanna International Group LLP grew its holdings in Penns Woods Bancorp by 236.6% in the 4th quarter. Susquehanna International Group LLP now owns 93,873 shares of the financial services provider’s stock valued at $2,853,000 after buying an additional 65,985 shares during the last quarter. Institutional investors and hedge funds own 27.94% of the company’s stock.

Analysts Set New Price Targets

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

Penns Woods Bancorp Stock Performance

PWOD opened at $29.51 on Friday. The firm has a market capitalization of $224.69 million, a P/E ratio of 12.50 and a beta of 0.47. The stock’s 50 day moving average price is $28.57 and its two-hundred day moving average price is $29.72. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. Penns Woods Bancorp, Inc. has a 12-month low of $18.91 and a 12-month high of $34.56.

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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.34%. The ex-dividend date is Tuesday, June 10th. Penns Woods Bancorp’s payout ratio is presently 45.71%.

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.