Penns Woods Bancorp (NASDAQ:PWOD) Stock Passes Below 200-Day Moving Average - Here's Why

Penns Woods Bancorp, Inc. (NASDAQ:PWOD - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $29.59 and traded as low as $28.78. Penns Woods Bancorp shares last traded at $28.87, with a volume of 16,830 shares.

Wall Street Analysts Forecast Growth

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

Penns Woods Bancorp Stock Performance

The stock has a market cap of $219.70 million, a PE ratio of 10.31 and a beta of 0.46. The stock has a fifty day simple moving average of $28.88 and a two-hundred day simple moving average of $29.56. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.08 and a current ratio of 1.08.

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 firm had revenue of $18.71 million during the quarter. Penns Woods Bancorp had a return on equity of 11.05% and a net margin of 17.52%.

Penns Woods Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 24th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend is Tuesday, June 10th. Penns Woods Bancorp's dividend payout ratio (DPR) is currently 45.71%.

Hedge Funds Weigh In On Penns Woods Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. Merit Financial Group LLC boosted its stake in shares of Penns Woods Bancorp by 221.5% during the 1st quarter. Merit Financial Group LLC now owns 41,897 shares of the financial services provider's stock valued at $1,169,000 after buying an additional 28,865 shares during the last quarter. Jane Street Group LLC boosted its stake 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 buying an additional 32,300 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Penns Woods Bancorp by 124.3% during the 4th quarter. Bank of America Corp DE now owns 13,590 shares of the financial services provider's stock valued at $413,000 after buying an additional 7,531 shares during the last quarter. Susquehanna International Group LLP boosted its stake 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 buying an additional 65,985 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Penns Woods Bancorp by 2.3% during 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. 27.94% of the stock is currently owned by hedge funds and other institutional investors.

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.