Rhino Investment Partners Inc Makes New $1.08 Million Investment in Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

Rhino Investment Partners Inc acquired a new position in 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 firm acquired 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 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN lifted its position in Penns Woods Bancorp by 50.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,351 shares of the financial services provider's stock worth $41,000 after purchasing an additional 451 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Penns Woods Bancorp by 471.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,680 shares of the financial services provider's stock worth $183,000 after acquiring an additional 6,337 shares during the period. Zullo Investment Group Inc. acquired a new stake in shares of Penns Woods Bancorp during the 4th quarter valued at about $207,000. Intellus Advisors LLC bought a new stake in Penns Woods Bancorp in the fourth quarter valued at about $321,000. Finally, Barclays PLC raised its position in Penns Woods Bancorp by 19.2% in the third quarter. Barclays PLC now owns 14,880 shares of the financial services provider's stock worth $353,000 after purchasing an additional 2,398 shares in the last quarter. Institutional investors and hedge funds own 27.94% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Penns Woods Bancorp in a report on Sunday. They set a "hold" rating on the stock.

Penns Woods Bancorp Price Performance

NASDAQ:PWOD traded up $0.34 during trading hours on Friday, reaching $29.57. The company had a trading volume of 66,829 shares, compared to its average volume of 24,803. The firm has a market capitalization of $225.12 million, a PE ratio of 12.53 and a beta of 0.36. The stock has a 50-day moving average of $27.89 and a two-hundred day moving average of $29.36. Penns Woods Bancorp, Inc. has a one year low of $18.12 and a one year high of $34.56. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24.

Penns Woods Bancorp (NASDAQ:PWOD - Get Free Report) last announced its earnings results on Friday, April 25th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter. Penns Woods Bancorp had a net margin of 14.87% and a return on equity of 9.26%. The business had revenue of $18.71 million during the quarter.

Penns Woods Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date was Tuesday, March 11th. Penns Woods Bancorp's dividend payout ratio (DPR) is currently 45.71%.

Penns Woods Bancorp 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.