35,464 Shares in Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Bought by Rhino Investment Partners Inc

Rhino Investment Partners Inc bought a new position in shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 35,464 shares of the financial services provider's stock, valued at approximately $1,078,000. Rhino Investment Partners Inc owned 0.47% of Penns Woods Bancorp as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in PWOD. Truffle Hound Capital LLC acquired a new stake in Penns Woods Bancorp during the 4th quarter valued at $6,078,000. Susquehanna International Group LLP raised its stake in Penns Woods Bancorp by 236.6% during the fourth quarter. Susquehanna International Group LLP now owns 93,873 shares of the financial services provider's stock worth $2,853,000 after acquiring an additional 65,985 shares during the period. Jane Street Group LLC boosted its stake in Penns Woods Bancorp by 215.8% in the fourth 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 period. Chicago Capital Management LLC acquired a new position in Penns Woods Bancorp during the 4th quarter valued at approximately $453,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Penns Woods Bancorp in the fourth quarter worth $421,000. Institutional investors and hedge funds own 27.94% of the company's stock.

Penns Woods Bancorp Stock Performance

Shares of NASDAQ:PWOD traded down $0.10 during trading hours on Tuesday, hitting $29.32. The stock had a trading volume of 8,094 shares, compared to its average volume of 24,668. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The stock's fifty day simple moving average is $27.87 and its 200 day simple moving average is $29.42. The firm has a market capitalization of $223.21 million, a price-to-earnings ratio of 12.46 and a beta of 0.45. Penns Woods Bancorp, Inc. has a 1-year low of $18.12 and a 1-year high of $34.56.

Penns Woods Bancorp (NASDAQ:PWOD - Get Free Report) last issued its quarterly 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 14.87% and a return on equity of 9.26%. The company had revenue of $18.71 million during the quarter.

Penns Woods Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.37%. The ex-dividend date was Tuesday, March 11th. Penns Woods Bancorp's dividend payout ratio is currently 45.71%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Penns Woods Bancorp in a research report on Sunday. 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.