Hudock Inc. Sells 8,889 Shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

Hudock Inc. lessened its stake in shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD) by 10.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 76,437 shares of the financial services provider’s stock after selling 8,889 shares during the period. Hudock Inc.’s holdings in Penns Woods Bancorp were worth $2,323,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in shares of Penns Woods Bancorp by 6.2% during the 3rd quarter. Geode Capital Management LLC now owns 77,828 shares of the financial services provider’s stock worth $1,852,000 after acquiring an additional 4,511 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Penns Woods Bancorp by 217.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,499 shares of the financial services provider’s stock worth $821,000 after acquiring an additional 23,620 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Penns Woods Bancorp by 4.9% during the 4th quarter. Empowered Funds LLC now owns 28,602 shares of the financial services provider’s stock worth $869,000 after acquiring an additional 1,342 shares in the last quarter. RBF Capital LLC boosted its stake in Penns Woods Bancorp by 39.8% during the 3rd quarter. RBF Capital LLC now owns 25,847 shares of the financial services provider’s stock valued at $615,000 after purchasing an additional 7,356 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in Penns Woods Bancorp during the 3rd quarter valued at approximately $486,000. Institutional investors own 27.94% of the company’s stock.

Penns Woods Bancorp Price Performance

Shares of PWOD stock opened at $31.04 on Thursday. Penns Woods Bancorp, Inc. has a 12 month low of $17.01 and a 12 month high of $34.56. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The stock has a 50 day moving average of $31.11 and a two-hundred day moving average of $27.15. The company has a market capitalization of $234.04 million, a P/E ratio of 13.15 and a beta of 0.47.

Penns Woods Bancorp (NASDAQ:PWOD) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter. Penns Woods Bancorp had a return on equity of 9.26% and a net margin of 14.87%.

Penns Woods Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were issued a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.12%. Penns Woods Bancorp’s payout ratio is presently 54.24%.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Penns Woods Bancorp in a research note on Thursday. They set a “hold” rating for the company.

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.