12,142 Shares in Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Purchased by ABC Arbitrage SA

ABC Arbitrage SA purchased a new position in shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 12,142 shares of the financial services provider’s stock, valued at approximately $369,000. ABC Arbitrage SA owned about 0.16% of Penns Woods Bancorp at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its holdings in shares of Penns Woods Bancorp by 471.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,680 shares of the financial services provider’s stock worth $183,000 after acquiring an additional 6,337 shares during the last quarter. Barclays PLC boosted its holdings in shares of Penns Woods Bancorp by 19.2% in the 3rd quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock valued at $353,000 after buying an additional 2,398 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of Penns Woods Bancorp in the 3rd quarter valued at $486,000. RBF Capital LLC increased its position in Penns Woods Bancorp by 39.8% in the 3rd quarter. RBF Capital LLC now owns 25,847 shares of the financial services provider’s stock valued at $615,000 after acquiring an additional 7,356 shares during the period. Finally, Empowered Funds LLC increased its stake in Penns Woods Bancorp by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 27,260 shares of the financial services provider’s stock valued at $648,000 after buying an additional 1,340 shares during the period. 27.94% of the stock is currently owned by institutional investors and hedge funds.

Penns Woods Bancorp Trading Up 0.4 %

NASDAQ PWOD opened at $31.42 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. Penns Woods Bancorp, Inc. has a one year low of $17.01 and a one year high of $34.56. The company’s 50 day moving average price is $31.02 and its 200 day moving average price is $27.26. The firm has a market capitalization of $236.91 million, a price-to-earnings ratio of 13.31 and a beta of 0.47.

Penns Woods Bancorp (NASDAQ:PWOD) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter. Penns Woods Bancorp had a return on equity of 9.26% and a net margin of 14.87%.

Penns Woods Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th were paid a $0.32 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $1.28 dividend on an annualized basis and a yield of 4.07%. Penns Woods Bancorp’s payout ratio is currently 54.24%.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on Penns Woods Bancorp in a report on Thursday. They set a “hold” rating for the company.

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.