Chicago Capital Management LLC Makes New Investment in Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

Chicago Capital Management LLC acquired a new stake in Penns Woods Bancorp, Inc. (NASDAQ:PWOD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,918 shares of the financial services provider’s stock, valued at approximately $453,000. Chicago Capital Management LLC owned 0.20% of Penns Woods Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. Empowered Funds LLC lifted its position in shares of Penns Woods Bancorp by 4.9% during the 4th quarter. Empowered Funds LLC now owns 28,602 shares of the financial services provider’s stock valued at $869,000 after buying an additional 1,342 shares in the last quarter. Barclays PLC increased its stake in shares of Penns Woods Bancorp by 19.2% during the third quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock worth $353,000 after purchasing an additional 2,398 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake 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 in the last quarter. Geode Capital Management LLC lifted its stake in Penns Woods Bancorp by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 77,828 shares of the financial services provider’s stock valued at $1,852,000 after buying an additional 4,511 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in 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 buying an additional 6,337 shares during the last quarter. 27.94% of the stock is currently owned by hedge funds and other institutional investors.

Penns Woods Bancorp Stock Down 1.0 %

Shares of NASDAQ:PWOD opened at $28.49 on Wednesday. The company has a market capitalization of $216.89 million, a price-to-earnings ratio of 12.07 and a beta of 0.46. Penns Woods Bancorp, Inc. has a 12-month low of $17.01 and a 12-month high of $34.56. The business has a 50-day moving average price of $29.99 and a 200 day moving average price of $28.63. 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) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.57 EPS for the quarter. Penns Woods Bancorp had a net margin of 14.87% and a return on equity of 9.26%.

Penns Woods Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.49%. The ex-dividend date was Tuesday, March 11th. Penns Woods Bancorp’s dividend payout ratio (DPR) is presently 54.24%.

Analyst Ratings Changes

Separately, StockNews.com began coverage on Penns Woods Bancorp in a report on Tuesday. They issued a “hold” rating for the company.

Penns Woods Bancorp 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.