Penns Woods Bancorp, Inc. Plans Quarterly Dividend of $0.32 (NASDAQ:PWOD)

Penns Woods Bancorp, Inc. (NASDAQ:PWOD - Get Free Report) declared a quarterly dividend on Tuesday, May 27th, RTT News reports. Stockholders of record on Tuesday, June 10th will be given a dividend of 0.32 per share by the financial services provider on Tuesday, June 24th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date of this dividend is Tuesday, June 10th.

Penns Woods Bancorp Trading Down 0.1%

Shares of NASDAQ PWOD traded down $0.02 during mid-day trading on Friday, reaching $29.54. 10,695 shares of the company's stock were exchanged, compared to its average volume of 23,547. The firm has a market capitalization of $224.92 million, a price-to-earnings ratio of 12.52 and a beta of 0.45. 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 has a 52-week low of $18.91 and a 52-week high of $34.56. The company's 50-day moving average is $28.26 and its 200-day moving average is $29.77.

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

Hedge Funds Weigh In On Penns Woods Bancorp

Several institutional investors have recently bought and sold shares of the company. Empowered Funds LLC grew its position in Penns Woods Bancorp by 1.8% in the 1st quarter. Empowered Funds LLC now owns 29,122 shares of the financial services provider's stock valued at $813,000 after acquiring an additional 520 shares in the last quarter. Cubist Systematic Strategies LLC grew its position in Penns Woods Bancorp by 124.5% in the 1st quarter. Cubist Systematic Strategies LLC now owns 4,191 shares of the financial services provider's stock valued at $117,000 after acquiring an additional 2,324 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Penns Woods Bancorp by 46.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 36,282 shares of the financial services provider's stock valued at $1,013,000 after acquiring an additional 11,453 shares in the last quarter. 27.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.