Short Interest in Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Grows By 19.4%

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) was the recipient of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 28,300 shares, an increase of 19.4% from the December 31st total of 23,700 shares. Based on an average trading volume of 22,300 shares, the days-to-cover ratio is presently 1.3 days.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Penns Woods Bancorp in a research report on Tuesday, January 28th. They set a “hold” rating for the company.

Hedge Funds Weigh In On Penns Woods Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC bought a new stake in shares of Penns Woods Bancorp during the second quarter worth $39,000. JPMorgan Chase & Co. grew its position in Penns Woods Bancorp by 471.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,680 shares of the financial services provider’s stock worth $183,000 after acquiring an additional 6,337 shares during the last quarter. Hsbc Holdings PLC acquired a new position in Penns Woods Bancorp in the 2nd quarter worth about $205,000. Zullo Investment Group Inc. acquired a new position in Penns Woods Bancorp in the 4th quarter worth about $207,000. Finally, Barclays PLC raised its position in Penns Woods Bancorp by 19.2% in the third quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 2,398 shares during the last quarter. Institutional investors own 27.94% of the company’s stock.

Penns Woods Bancorp Price Performance

Shares of NASDAQ PWOD traded down $0.19 during trading hours on Monday, hitting $30.24. 9,592 shares of the stock were exchanged, compared to its average volume of 17,690. Penns Woods Bancorp has a 1-year low of $17.01 and a 1-year high of $34.56. The company has a market cap of $228.01 million, a PE ratio of 12.81 and a beta of 0.47. 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 company’s fifty day simple moving average is $31.24 and its two-hundred day simple moving average is $26.71.

Penns Woods Bancorp (NASDAQ:PWOD) last posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.57 EPS for the quarter. Penns Woods Bancorp had a return on equity of 9.26% and a net margin of 14.87%.

Penns Woods Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Tuesday, December 10th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend was Tuesday, December 10th. Penns Woods Bancorp’s dividend payout ratio (DPR) is presently 54.24%.

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.