Jane Street Group LLC Reduces Stock Position in Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

Jane Street Group LLC cut its stake in Penns Woods Bancorp, Inc. (NASDAQ:PWOD) by 64.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 14,970 shares of the financial services provider’s stock after selling 27,130 shares during the quarter. Jane Street Group LLC’s holdings in Penns Woods Bancorp were worth $356,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PWOD. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Penns Woods Bancorp by 217.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,499 shares of the financial services provider’s stock worth $821,000 after purchasing an additional 23,620 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. Squarepoint Ops LLC acquired a new position in shares of Penns Woods Bancorp in the 2nd quarter valued at $390,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Penns Woods Bancorp in the 2nd quarter valued at $223,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Penns Woods Bancorp during the 2nd quarter valued at $205,000. 27.94% of the stock is owned by hedge funds and other institutional investors.

Penns Woods Bancorp Stock Performance

Penns Woods Bancorp stock opened at $29.93 on Thursday. The firm’s fifty day moving average price is $30.67 and its 200 day moving average price is $25.51. The company has a market capitalization of $225.79 million, a price-to-earnings ratio of 11.34 and a beta of 0.48. Penns Woods Bancorp, Inc. has a 12-month low of $17.01 and a 12-month high of $34.56. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09.

Penns Woods Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend was Tuesday, December 10th. Penns Woods Bancorp’s payout ratio is currently 48.48%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Penns Woods Bancorp in a report on Saturday, January 4th. They set a “hold” rating on the stock.

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.