Renaissance Technologies LLC Sells 14,150 Shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

Renaissance Technologies LLC lessened its holdings in shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD - Free Report) by 12.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 98,819 shares of the financial services provider's stock after selling 14,150 shares during the quarter. Renaissance Technologies LLC owned approximately 1.31% of Penns Woods Bancorp worth $3,003,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wells Fargo & Company MN raised its holdings in shares of Penns Woods Bancorp by 50.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,351 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 451 shares in the last quarter. Chicago Capital Management LLC bought a new position in Penns Woods Bancorp in the fourth quarter worth $453,000. Intellus Advisors LLC bought a new position in Penns Woods Bancorp in the fourth quarter worth $321,000. Truffle Hound Capital LLC bought a new position in Penns Woods Bancorp in the fourth quarter worth $6,078,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Penns Woods Bancorp by 9.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,822 shares of the financial services provider's stock worth $1,149,000 after purchasing an additional 3,323 shares in the last quarter. Institutional investors own 27.94% of the company's stock.

Penns Woods Bancorp Stock Performance

Penns Woods Bancorp stock traded up $1.17 during midday trading on Tuesday, reaching $29.27. 11,420 shares of the company traded hands, compared to its average volume of 24,844. The firm has a market capitalization of $222.79 million, a price-to-earnings ratio of 12.44 and a beta of 0.36. The business has a 50 day moving average of $27.92 and a two-hundred day moving average of $29.26. Penns Woods Bancorp, Inc. has a 12 month low of $17.04 and a 12 month 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.

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. Penns Woods Bancorp had a net margin of 14.87% and a return on equity of 9.26%. The business had revenue of $18.71 million during the quarter.

Penns Woods Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.28 dividend on an annualized basis and a yield of 4.37%. Penns Woods Bancorp's dividend payout ratio is currently 45.71%.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on shares of Penns Woods Bancorp in a research note on Saturday. They issued a "hold" rating on the stock.

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.