Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Announces Quarterly Dividend of $0.32

Penns Woods Bancorp, Inc. (NASDAQ:PWODGet Rating) announced a quarterly dividend on Wednesday, May 25th, Wall Street Journal reports. Shareholders of record on Tuesday, June 7th will be given a dividend of 0.32 per share by the financial services provider on Tuesday, June 21st. This represents a $1.28 annualized dividend and a yield of 5.47%. The ex-dividend date of this dividend is Monday, June 6th.

Penns Woods Bancorp has raised its dividend payment by an average of 0.7% per year over the last three years.

Shares of PWOD opened at $23.38 on Friday. The firm has a market capitalization of $165.06 million, a PE ratio of 10.30 and a beta of 0.55. The company’s 50-day moving average is $23.48 and its 200-day moving average is $23.89. Penns Woods Bancorp has a fifty-two week low of $22.35 and a fifty-two week high of $26.70. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.01 and a quick ratio of 1.01.

Penns Woods Bancorp (NASDAQ:PWODGet Rating) last issued its quarterly earnings data on Thursday, April 21st. The financial services provider reported $0.49 earnings per share for the quarter. The company had revenue of $15.27 million for the quarter. Penns Woods Bancorp had a net margin of 23.04% and a return on equity of 9.42%.

In other Penns Woods Bancorp news, Director Charles E. Kranich purchased 1,250 shares of the firm’s stock in a transaction that occurred on Friday, May 20th. The shares were acquired at an average cost of $22.63 per share, for a total transaction of $28,287.50. Following the completion of the purchase, the director now owns 26,272 shares of the company’s stock, valued at approximately $594,535.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard A. Grafmyre purchased 2,500 shares of the firm’s stock in a transaction that occurred on Monday, May 2nd. The stock was acquired at an average price of $23.45 per share, for a total transaction of $58,625.00. Following the completion of the purchase, the chief executive officer now directly owns 14,693 shares of the company’s stock, valued at approximately $344,550.85. The disclosure for this purchase can be found here. Insiders bought 6,745 shares of company stock worth $156,909 over the last three months. Insiders own 4.84% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Penns Woods Bancorp by 0.6% during the first quarter. Vanguard Group Inc. now owns 297,181 shares of the financial services provider’s stock worth $7,260,000 after buying an additional 1,654 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Penns Woods Bancorp by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 280,833 shares of the financial services provider’s stock worth $6,861,000 after buying an additional 751 shares in the last quarter. BlackRock Inc. grew its stake in Penns Woods Bancorp by 81.7% during the fourth quarter. BlackRock Inc. now owns 54,562 shares of the financial services provider’s stock worth $1,291,000 after buying an additional 24,532 shares in the last quarter. Zullo Investment Group Inc. acquired a new stake in Penns Woods Bancorp during the fourth quarter worth about $176,000. Finally, Millennium Management LLC grew its stake in Penns Woods Bancorp by 5.7% during the fourth quarter. Millennium Management LLC now owns 65,592 shares of the financial services provider’s stock worth $1,546,000 after buying an additional 3,509 shares in the last quarter. Institutional investors and hedge funds own 18.26% of the company’s stock.

Separately, StockNews.com began coverage on shares of Penns Woods Bancorp in a research report on Sunday, May 29th. They issued a “hold” rating on the stock.

About Penns Woods Bancorp (Get Rating)

Penns Woods Bancorp, Inc operates as the bank holding company for Jersey Shore State Bank and Luzerne 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 accounts.

Further Reading

Dividend History for Penns Woods Bancorp (NASDAQ:PWOD)

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