Penns Woods Bancorp (NASDAQ:PWOD) Stock Price Passes Above Fifty Day Moving Average - Here's Why

Penns Woods Bancorp, Inc. (NASDAQ:PWOD - Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $29.82 and traded as high as $32.30. Penns Woods Bancorp shares last traded at $32.07, with a volume of 21,541 shares trading hands.

Wall Street Analysts Forecast Growth

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

Penns Woods Bancorp Stock Performance

The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.08 and a current ratio of 1.08. The firm's 50-day moving average price is $29.98 and its two-hundred day moving average price is $29.43. The firm has a market capitalization of $242.53 million, a price-to-earnings ratio of 11.38 and a beta of 0.46.

Penns Woods Bancorp (NASDAQ:PWOD - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The financial services provider reported $1.04 EPS 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 during the quarter.

Penns Woods Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th were paid a $0.32 dividend. The ex-dividend date was Tuesday, June 10th. This represents a $1.28 annualized dividend and a dividend yield of 4.02%. Penns Woods Bancorp's dividend payout ratio is currently 45.71%.

Institutional Investors Weigh In On Penns Woods Bancorp

Large investors have recently modified their holdings of the stock. Wells Fargo & Company MN grew 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 valued at $41,000 after purchasing an additional 451 shares during the period. Cubist Systematic Strategies LLC grew its stake in shares of 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 purchasing an additional 2,324 shares during the period. OMERS ADMINISTRATION Corp bought a new stake in shares of Penns Woods Bancorp in the 4th quarter valued at approximately $219,000. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Penns Woods Bancorp by 4.6% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,797 shares of the financial services provider's stock valued at $237,000 after purchasing an additional 343 shares during the period. Finally, Intellus Advisors LLC bought a new stake in shares of Penns Woods Bancorp in the 4th quarter valued at approximately $321,000. 27.94% of the stock is currently owned by institutional investors.

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.