Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Shares Sold by Hudock Inc.

Hudock Inc. lessened its holdings in shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD) by 1.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 85,326 shares of the financial services provider’s stock after selling 1,517 shares during the quarter. Hudock Inc. owned approximately 1.13% of Penns Woods Bancorp worth $2,029,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Cubist Systematic Strategies LLC purchased a new position in Penns Woods Bancorp in the second quarter valued at about $39,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Penns Woods Bancorp during the 2nd quarter worth approximately $223,000. Squarepoint Ops LLC acquired a new stake in Penns Woods Bancorp in the second quarter valued at approximately $390,000. Hsbc Holdings PLC purchased a new stake in shares of Penns Woods Bancorp during the second quarter valued at approximately $205,000. Finally, Commonwealth Equity Services LLC lifted its position in shares of Penns Woods Bancorp by 1.8% during the second quarter. Commonwealth Equity Services LLC now owns 48,068 shares of the financial services provider’s stock worth $988,000 after purchasing an additional 869 shares in the last quarter. 27.94% of the stock is owned by hedge funds and other institutional investors.

Penns Woods Bancorp Stock Down 0.3 %

NASDAQ:PWOD traded down $0.07 during mid-day trading on Friday, reaching $25.68. The stock had a trading volume of 322 shares, compared to its average volume of 25,572. The stock’s 50 day simple moving average is $23.28 and its two-hundred day simple moving average is $21.23. Penns Woods Bancorp, Inc. has a 1-year low of $17.01 and a 1-year high of $25.75. The company has a market capitalization of $193.63 million, a price-to-earnings ratio of 11.15 and a beta of 0.45. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.10 and a quick ratio of 1.09.

Penns Woods Bancorp (NASDAQ:PWOD) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter. Penns Woods Bancorp had a return on equity of 8.99% and a net margin of 15.20%. The business had revenue of $16.54 million for the quarter.

Penns Woods Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were issued a dividend of $0.32 per share. The ex-dividend date was Tuesday, September 10th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.98%. Penns Woods Bancorp’s dividend payout ratio (DPR) is 55.41%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Penns Woods Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd.

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.