Penns Woods Bancorp, Inc. operates as the bank holding company for Jersey Shore State Bank and Luzerne 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 accounts. The company also offers loan products comprising residential, commercial, and construction real estate loans; agricultural loans for the purchase or improvement of real estate; commercial loans for the acquisition and improvement of real estate, purchase of equipment, and working capital purposes; letters of credit; consumer loans, such as construction and residential mortgages, home equity loans and lines, automobile financing, personal loans and lines of credit, and overdraft and check lines; and revolving credit loans with overdraft protection. In addition, it provides securities brokerage and financial planning services, which include the sale of life insurance products, annuities, and estate planning services; property and casualty, and auto insurance products; safe deposit services; ATM services; and Internet and telephone banking services. Further, the company engages in real estate transactions and investment activities. It operates through a network of twenty-seven offices located in Clinton, Lycoming, Centre, Montour, Union, Blair, and Luzerne Counties, Pennsylvania. The company was founded in 1907 and is headquartered in Williamsport, Pennsylvania.
Analyst Ratings Changes
Separately, StockNews.com began coverage on shares of Penns Woods Bancorp in a research note on Monday, August 1st. They issued a "hold" rating for the company.
Penns Woods Bancorp Stock Performance
NASDAQ:PWOD opened at $23.08 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.67. The company has a fifty day simple moving average of $22.75 and a two-hundred day simple moving average of $23.49. The company has a market cap of $162.92 million, a price-to-earnings ratio of 9.78 and a beta of 0.48. Penns Woods Bancorp has a 52 week low of $21.60 and a 52 week high of $25.00.
Penns Woods Bancorp Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 21st. Investors of record on Tuesday, June 7th were paid a dividend of $0.32 per share. The ex-dividend date was Monday, June 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.55%. Penns Woods Bancorp's payout ratio is currently 54.24%.
Insider Buying and Selling
In other news, Director Charles E. Kranich bought 1,250 shares of the stock in a transaction that occurred on Friday, May 20th. The stock was purchased at an average price of $22.63 per share, for a total transaction of $28,287.50. Following the completion of the purchase, the director now owns 26,272 shares in the company, valued at approximately $594,535.36. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders bought 3,871 shares of company stock worth $88,035. Corporate insiders own 4.84% of the company's stock.