Millennium Management LLC Sells 18,103 Shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

Millennium Management LLC lessened its stake in Penns Woods Bancorp, Inc. (NASDAQ:PWOD - Free Report) by 26.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 51,299 shares of the financial services provider's stock after selling 18,103 shares during the period. Millennium Management LLC owned about 0.68% of Penns Woods Bancorp worth $1,559,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its position in shares of Penns Woods Bancorp by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 275,989 shares of the financial services provider's stock valued at $8,387,000 after buying an additional 6,269 shares during the last quarter. Truffle Hound Capital LLC bought a new stake in shares of Penns Woods Bancorp during the 4th quarter valued at about $6,078,000. Susquehanna International Group LLP boosted its position in shares of Penns Woods Bancorp by 236.6% during the 4th quarter. Susquehanna International Group LLP now owns 93,873 shares of the financial services provider's stock valued at $2,853,000 after purchasing an additional 65,985 shares in the last quarter. Bridgeway Capital Management LLC boosted its position in shares of Penns Woods Bancorp by 1.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 75,847 shares of the financial services provider's stock valued at $2,305,000 after purchasing an additional 892 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in shares of Penns Woods Bancorp by 215.8% during the 4th quarter. Jane Street Group LLC now owns 47,270 shares of the financial services provider's stock valued at $1,437,000 after purchasing an additional 32,300 shares in the last quarter. Institutional investors own 27.94% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen initiated coverage on Penns Woods Bancorp in a research report on Tuesday, May 20th. They set a "hold" rating on the stock.

Penns Woods Bancorp Trading Up 1.5%

Shares of Penns Woods Bancorp stock traded up $0.44 on Friday, hitting $29.53. 20,783 shares of the company's stock traded hands, compared to its average volume of 23,739. Penns Woods Bancorp, Inc. has a one year low of $18.91 and a one year high of $34.56. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The company has a fifty day moving average of $28.34 and a two-hundred day moving average of $29.74. The company has a market capitalization of $224.84 million, a price-to-earnings ratio of 12.51 and a beta of 0.46.

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

Penns Woods Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.33%. The ex-dividend date of this dividend is Tuesday, June 10th. Penns Woods Bancorp's payout ratio 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.