Penns Woods Bancorp (NASDAQ:PWOD) Share Price Passes Below 200-Day Moving Average – What’s Next?

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $29.59 and traded as low as $28.78. Penns Woods Bancorp shares last traded at $28.87, with a volume of 16,830 shares trading hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen began coverage on shares of Penns Woods Bancorp in a research note on Tuesday, May 20th. They set a “hold” rating on the stock.

Penns Woods Bancorp Stock Performance

The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.01. The business’s 50 day moving average is $28.88 and its two-hundred day moving average is $29.59. The company has a market cap of $219.82 million, a PE ratio of 10.31 and a beta of 0.46.

Penns Woods Bancorp (NASDAQ:PWOD) last released its earnings results on Friday, April 25th. The financial services provider reported $1.04 earnings per share for the quarter. Penns Woods Bancorp had a net margin of 17.52% and a return on equity of 11.05%. The company had revenue of $18.71 million for the quarter.

Penns Woods Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date of this dividend is Tuesday, June 10th. Penns Woods Bancorp’s dividend payout ratio (DPR) is 45.71%.

Institutional Trading of Penns Woods Bancorp

Several hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC lifted its stake in Penns Woods Bancorp by 1.8% in the 1st quarter. Empowered Funds LLC now owns 29,122 shares of the financial services provider’s stock worth $813,000 after purchasing an additional 520 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Penns Woods Bancorp by 46.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 36,282 shares of the financial services provider’s stock worth $1,013,000 after purchasing an additional 11,453 shares in the last quarter. Cubist Systematic Strategies LLC lifted its stake in Penns Woods Bancorp by 124.5% in the 1st quarter. Cubist Systematic Strategies LLC now owns 4,191 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 2,324 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its stake in Penns Woods Bancorp by 29.5% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 9,320 shares of the financial services provider’s stock worth $260,000 after purchasing an additional 2,124 shares in the last quarter. Finally, American Century Companies Inc. lifted its stake in Penns Woods Bancorp by 41.8% in the 1st quarter. American Century Companies Inc. now owns 47,071 shares of the financial services provider’s stock worth $1,314,000 after purchasing an additional 13,865 shares in the last quarter. Hedge funds and other institutional investors own 27.94% of the company’s stock.

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.