Schonfeld Strategic Advisors LLC Makes New Investment in Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

Schonfeld Strategic Advisors LLC acquired a new stake in Penns Woods Bancorp, Inc. (NASDAQ:PWOD - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,857 shares of the financial services provider's stock, valued at approximately $421,000. Schonfeld Strategic Advisors LLC owned about 0.18% of Penns Woods Bancorp at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PWOD. Dimensional Fund Advisors LP lifted its position in shares of Penns Woods Bancorp by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 275,989 shares of the financial services provider's stock worth $8,387,000 after purchasing an additional 6,269 shares during the last quarter. Truffle Hound Capital LLC bought a new position in shares of Penns Woods Bancorp during the fourth quarter worth about $6,078,000. Susquehanna International Group LLP lifted its position in shares of Penns Woods Bancorp by 236.6% during the fourth quarter. Susquehanna International Group LLP now owns 93,873 shares of the financial services provider's stock worth $2,853,000 after purchasing an additional 65,985 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Penns Woods Bancorp by 9.6% during 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 during the last quarter. Finally, Empowered Funds LLC lifted its position in shares of Penns Woods Bancorp by 4.9% during the fourth quarter. Empowered Funds LLC now owns 28,602 shares of the financial services provider's stock worth $869,000 after purchasing an additional 1,342 shares during the last quarter. 27.94% of the stock is owned by hedge funds and other institutional investors.

Penns Woods Bancorp Stock Performance

PWOD traded up $0.12 on Tuesday, hitting $30.31. 15,994 shares of the company's stock were exchanged, compared to its average volume of 24,424. The firm has a market cap of $230.75 million, a PE ratio of 12.84 and a beta of 0.45. Penns Woods Bancorp, Inc. has a twelve month low of $18.91 and a twelve month high of $34.56. The stock has a fifty day moving average of $27.87 and a two-hundred day moving average of $29.58. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24.

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 14.87% and a return on equity of 9.26%. The company had revenue of $18.71 million for the quarter.

Penns Woods Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were paid a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.28 annualized dividend and a dividend yield of 4.22%. Penns Woods Bancorp's payout ratio is currently 45.71%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Penns Woods Bancorp in a research note on Monday. They set 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.