Empowered Funds LLC Has $648,000 Stake in Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

Empowered Funds LLC raised its holdings in Penns Woods Bancorp, Inc. (NASDAQ:PWOD) by 5.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,260 shares of the financial services provider’s stock after buying an additional 1,340 shares during the period. Empowered Funds LLC’s holdings in Penns Woods Bancorp were worth $648,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its position 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 purchasing an additional 1,269 shares during the last quarter. Vanguard Group Inc. raised its position in Penns Woods Bancorp by 2.1% during the first 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 in the last quarter. Quadrature Capital Ltd lifted 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 grew its position 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 acquiring an additional 869 shares during the period. Finally, Hsbc Holdings PLC acquired a new position in shares of Penns Woods Bancorp during the 2nd quarter worth about $205,000. 27.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Penns Woods Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, November 16th.

Penns Woods Bancorp Stock Up 0.9 %

Shares of PWOD opened at $30.41 on Friday. The firm’s 50-day simple moving average is $25.91 and its 200 day simple moving average is $22.78. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $229.29 million, a P/E ratio of 11.52 and a beta of 0.44. Penns Woods Bancorp, Inc. has a 52 week low of $17.01 and a 52 week high of $30.74.

Penns Woods Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend was Tuesday, September 10th. Penns Woods Bancorp’s dividend payout ratio is currently 48.49%.

About Penns Woods Bancorp

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.