Penns Woods Bancorp (NASDAQ:PWOD) Stock Price Passes Above 50-Day Moving Average - Here's What Happened

Shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD - Get Free Report) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $29.35 and traded as high as $30.98. Penns Woods Bancorp shares last traded at $30.36, with a volume of 61,276 shares changing hands.

Analysts Set New Price Targets

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

Penns Woods Bancorp Stock Performance

The firm has a market capitalization of $245.08 million, a P/E ratio of 11.50 and a beta of 0.46. The company has a 50-day moving average of $29.52 and a 200-day moving average of $29.40. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 1.01.

Penns Woods Bancorp (NASDAQ:PWOD - Get Free Report) last announced its quarterly earnings data 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 17.52% and a return on equity of 11.05%. The firm had revenue of $18.71 million for the quarter.

Penns Woods Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Shareholders of record on Tuesday, June 10th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date of this dividend was Tuesday, June 10th. Penns Woods Bancorp's dividend payout ratio is currently 45.71%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PWOD. Wells Fargo & Company MN boosted its stake in shares of Penns Woods Bancorp by 50.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,351 shares of the financial services provider's stock worth $41,000 after buying an additional 451 shares during the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Penns Woods Bancorp by 124.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 4,191 shares of the financial services provider's stock worth $117,000 after purchasing an additional 2,324 shares during the period. OMERS ADMINISTRATION Corp bought a new position in Penns Woods Bancorp during the fourth quarter valued at about $219,000. Point72 Asia Singapore Pte. Ltd. increased its holdings in Penns Woods Bancorp by 4.6% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,797 shares of the financial services provider's stock worth $237,000 after buying an additional 343 shares during the last quarter. Finally, Intellus Advisors LLC bought a new stake in Penns Woods Bancorp in the fourth quarter worth about $321,000. Hedge funds and other institutional investors own 27.94% of the company's stock.

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.