Geode Capital Management LLC Acquires 4,511 Shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

Geode Capital Management LLC boosted its holdings in Penns Woods Bancorp, Inc. (NASDAQ:PWOD) by 6.2% during the third quarter, Holdings Channel.com reports. The fund owned 77,828 shares of the financial services provider’s stock after buying an additional 4,511 shares during the quarter. Geode Capital Management LLC’s holdings in Penns Woods Bancorp were worth $1,852,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cubist Systematic Strategies LLC purchased a new position in shares of Penns Woods Bancorp during the second quarter worth about $39,000. Hsbc Holdings PLC bought a new stake in Penns Woods Bancorp during the second quarter valued at approximately $205,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Penns Woods Bancorp in the 2nd quarter worth approximately $223,000. Barclays PLC grew its stake in Penns Woods Bancorp by 19.2% in the 3rd quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock worth $353,000 after buying an additional 2,398 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of Penns Woods Bancorp in the 2nd quarter worth $390,000. Hedge funds and other institutional investors own 27.94% of the company’s stock.

Wall Street Analyst Weigh In

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

Penns Woods Bancorp Price Performance

PWOD opened at $29.93 on Thursday. The stock has a market capitalization of $225.79 million, a P/E ratio of 11.34 and a beta of 0.48. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. Penns Woods Bancorp, Inc. has a 12-month low of $17.01 and a 12-month high of $34.56. The stock has a 50-day moving average price of $30.67 and a 200-day moving average price of $25.51.

Penns Woods Bancorp Dividend Announcement

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

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.