Schonfeld Strategic Advisors LLC Makes New $421,000 Investment in Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

Schonfeld Strategic Advisors LLC purchased a new stake in Penns Woods Bancorp, Inc. (NASDAQ:PWOD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 13,857 shares of the financial services provider’s stock, valued at approximately $421,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its position in Penns Woods Bancorp by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 275,989 shares of the financial services provider’s stock worth $8,387,000 after buying an additional 6,269 shares during the last quarter. Truffle Hound Capital LLC bought a new stake in Penns Woods Bancorp in the 4th quarter worth approximately $6,078,000. Susquehanna International Group LLP lifted its position in Penns Woods Bancorp by 236.6% in the 4th quarter. Susquehanna International Group LLP now owns 93,873 shares of the financial services provider’s stock worth $2,853,000 after buying an additional 65,985 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Penns Woods Bancorp by 9.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,822 shares of the financial services provider’s stock valued at $1,149,000 after purchasing an additional 3,323 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in Penns Woods Bancorp by 4.9% in the fourth quarter. Empowered Funds LLC now owns 28,602 shares of the financial services provider’s stock valued at $869,000 after purchasing an additional 1,342 shares during the last quarter. Hedge funds and other institutional investors own 27.94% of the company’s stock.

Penns Woods Bancorp Price Performance

PWOD stock opened at $29.64 on Monday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The firm’s 50-day moving average price is $27.84 and its two-hundred day moving average price is $29.54. The stock has a market capitalization of $225.65 million, a price-to-earnings ratio of 12.56 and a beta of 0.45. Penns Woods Bancorp, Inc. has a 12-month low of $18.84 and a 12-month high of $34.56.

Penns Woods Bancorp (NASDAQ:PWOD) last released its quarterly earnings data on Friday, April 25th. The financial services provider reported $1.04 earnings per share for the quarter. The business had revenue of $18.71 million during 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 Tuesday, March 25th. Investors of record on Tuesday, March 11th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend was Tuesday, March 11th. Penns Woods Bancorp’s dividend payout ratio (DPR) is currently 45.71%.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Penns Woods Bancorp in a research note on Monday. They issued a “hold” rating on the stock.

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.