Zullo Investment Group Inc. Acquires Shares of 6,800 Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

Zullo Investment Group Inc. bought a new position in shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,800 shares of the financial services provider’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds have also recently modified their holdings of PWOD. JPMorgan Chase & Co. grew its stake in Penns Woods Bancorp by 471.9% in the third quarter. JPMorgan Chase & Co. now owns 7,680 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 6,337 shares in the last quarter. ABC Arbitrage SA purchased a new stake in shares of Penns Woods Bancorp in the 4th quarter worth $369,000. Barclays PLC grew its position in shares of Penns Woods Bancorp by 19.2% during the 3rd quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock worth $353,000 after buying an additional 2,398 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Penns Woods Bancorp during the 3rd quarter worth $486,000. Finally, RBF Capital LLC increased its stake in shares of Penns Woods Bancorp by 39.8% during the third quarter. RBF Capital LLC now owns 25,847 shares of the financial services provider’s stock valued at $615,000 after buying an additional 7,356 shares during the period. Institutional investors own 27.94% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Penns Woods Bancorp in a research note on Thursday, February 13th. They issued a “hold” rating for the company.

Penns Woods Bancorp Price Performance

NASDAQ PWOD opened at $30.93 on Thursday. The company has a market cap of $233.21 million, a PE ratio of 13.11 and a beta of 0.47. The firm’s 50 day moving average price is $30.85 and its 200-day moving average price is $27.43. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. Penns Woods Bancorp, Inc. has a 52-week low of $17.01 and a 52-week high of $34.56.

Penns Woods Bancorp (NASDAQ:PWOD) last announced 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 company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders 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 yield of 4.14%. Penns Woods Bancorp’s dividend payout ratio is presently 54.24%.

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.