Short Interest in Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Rises By 38.3%

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 45,500 shares, an increase of 38.3% from the August 31st total of 32,900 shares. Based on an average daily volume of 35,100 shares, the short-interest ratio is presently 1.3 days.

Hedge Funds Weigh In On Penns Woods Bancorp

Several large investors have recently added to or reduced their stakes in PWOD. Cubist Systematic Strategies LLC bought a new stake in Penns Woods Bancorp during the 2nd quarter worth approximately $39,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Penns Woods Bancorp during the 2nd quarter worth approximately $223,000. Squarepoint Ops LLC bought a new stake in Penns Woods Bancorp during the 2nd quarter worth approximately $390,000. Hsbc Holdings PLC bought a new stake in Penns Woods Bancorp during the 2nd quarter worth approximately $205,000. Finally, Commonwealth Equity Services LLC grew its position in Penns Woods Bancorp by 1.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 48,068 shares of the financial services provider’s stock worth $988,000 after acquiring an additional 869 shares during the last quarter. Institutional investors and hedge funds own 27.94% of the company’s stock.

Analysts Set New Price Targets

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 Stock Performance

Shares of NASDAQ:PWOD traded down $0.32 during midday trading on Friday, hitting $23.58. The company’s stock had a trading volume of 7,272 shares, compared to its average volume of 10,581. The stock has a market capitalization of $177.79 million, a price-to-earnings ratio of 10.82 and a beta of 0.45. The stock’s 50 day simple moving average is $22.46 and its 200 day simple moving average is $20.49. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.09 and a current ratio of 1.10. Penns Woods Bancorp has a fifty-two week low of $17.01 and a fifty-two week 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 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 during the quarter.

Penns Woods Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were issued a $0.32 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $1.28 annualized dividend and a yield of 5.43%. Penns Woods Bancorp’s dividend payout ratio (DPR) is 58.72%.

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.