Renaissance Technologies LLC Has $2.56 Million Stake in Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

Renaissance Technologies LLC cut its position in Penns Woods Bancorp, Inc. (NASDAQ:PWOD) by 11.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 124,308 shares of the financial services provider’s stock after selling 16,034 shares during the quarter. Renaissance Technologies LLC owned 1.65% of Penns Woods Bancorp worth $2,555,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Quadrature Capital Ltd increased its stake in 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 acquiring an additional 693 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in shares of Penns Woods Bancorp by 1.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 48,068 shares of the financial services provider’s stock valued at $988,000 after purchasing an additional 869 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Penns Woods Bancorp by 55.5% during the 1st quarter. BNP Paribas Financial Markets now owns 3,554 shares of the financial services provider’s stock worth $69,000 after buying an additional 1,269 shares in the last quarter. Empowered Funds LLC lifted its position in shares of 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 during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Penns Woods Bancorp by 2.1% in the first quarter. Vanguard Group Inc. now owns 336,829 shares of the financial services provider’s stock valued at $6,538,000 after buying an additional 6,992 shares in the last quarter. Institutional investors own 27.94% of the company’s stock.

Penns Woods Bancorp Trading Down 0.2 %

NASDAQ PWOD opened at $23.74 on Wednesday. The firm has a market capitalization of $178.76 million, a PE ratio of 10.89 and a beta of 0.45. The business’s 50-day moving average price is $22.49 and its two-hundred day moving average price is $20.53. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 1.30. Penns Woods Bancorp, Inc. has a 12 month low of $17.01 and a 12 month high of $24.23.

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 return on equity of 8.99% and a net margin of 15.20%. The firm had revenue of $16.54 million for the quarter.

Penns Woods Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 5.39%. The ex-dividend date was Tuesday, September 10th. Penns Woods Bancorp’s dividend payout ratio (DPR) is presently 58.72%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Penns Woods Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd.

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.