Commonwealth Equity Services LLC Has $988,000 Stock Holdings in Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

Commonwealth Equity Services LLC raised its position in shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD) by 1.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,068 shares of the financial services provider’s stock after purchasing an additional 869 shares during the period. Commonwealth Equity Services LLC owned 0.64% of Penns Woods Bancorp worth $988,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Penns Woods Bancorp by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 336,829 shares of the financial services provider’s stock worth $6,538,000 after acquiring an additional 6,992 shares during the last quarter. Quadrature Capital Ltd increased its stake in shares of Penns Woods Bancorp by 2.6% in the first quarter. Quadrature Capital Ltd now owns 27,158 shares of the financial services provider’s stock valued at $524,000 after buying an additional 693 shares in the last quarter. Empowered Funds LLC lifted its holdings in Penns Woods Bancorp by 7.8% during the 1st quarter. Empowered Funds LLC now owns 24,120 shares of the financial services provider’s stock worth $468,000 after buying an additional 1,750 shares in the last quarter. Virtu Financial LLC acquired a new stake in Penns Woods Bancorp in the fourth quarter worth about $258,000. Finally, BNP Paribas Financial Markets lifted its holdings in Penns Woods Bancorp by 55.5% in the first quarter. BNP Paribas Financial Markets now owns 3,554 shares of the financial services provider’s stock valued at $69,000 after buying an additional 1,269 shares during the period. 27.94% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Penns Woods Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd.

Penns Woods Bancorp Trading Up 0.1 %

Shares of NASDAQ:PWOD opened at $22.00 on Wednesday. Penns Woods Bancorp, Inc. has a 12 month low of $17.01 and a 12 month high of $24.10. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 1.30. The company’s fifty day simple moving average is $22.12 and its 200 day simple moving average is $20.23. The firm has a market cap of $165.88 million, a price-to-earnings ratio of 10.09 and a beta of 0.45.

Penns Woods Bancorp (NASDAQ:PWOD) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter. Penns Woods Bancorp had a net margin of 15.20% and a return on equity of 8.99%. The firm had revenue of $16.54 million for the quarter.

Penns Woods Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 24th. Investors of record on Tuesday, September 10th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 5.82%. The ex-dividend date is Tuesday, September 10th. Penns Woods Bancorp’s payout ratio is 58.72%.

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.