Insider Buying: Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Director Buys 800 Shares of Stock

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Director Charles E. Kranich purchased 800 shares of the company’s stock in a transaction dated Friday, February 19th. The shares were acquired at an average price of $22.59 per share, with a total value of $18,072.00. Following the transaction, the director now owns 17,704 shares in the company, valued at approximately $399,933.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of PWOD opened at $23.30 on Tuesday. The company has a market cap of $164.31 million, a PE ratio of 11.77 and a beta of 0.68. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.95. The stock has a 50-day moving average price of $23.32 and a 200-day moving average price of $22.98. Penns Woods Bancorp, Inc. has a 12-month low of $18.72 and a 12-month high of $32.58.

Penns Woods Bancorp (NASDAQ:PWOD) last issued its quarterly earnings results on Friday, January 29th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter. The firm had revenue of $15.04 million during the quarter. Penns Woods Bancorp had a return on equity of 8.08% and a net margin of 18.60%.

Several institutional investors and hedge funds have recently modified their holdings of PWOD. BlackRock Inc. boosted its position in shares of Penns Woods Bancorp by 7.6% during the 4th quarter. BlackRock Inc. now owns 403,973 shares of the financial services provider’s stock valued at $10,507,000 after acquiring an additional 28,706 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Penns Woods Bancorp by 257.4% in the 4th quarter. JPMorgan Chase & Co. now owns 20,824 shares of the financial services provider’s stock worth $542,000 after buying an additional 14,997 shares during the last quarter. WBI Investments bought a new stake in Penns Woods Bancorp in the 4th quarter worth approximately $286,000. Alliancebernstein L.P. bought a new stake in Penns Woods Bancorp in the 4th quarter worth approximately $241,000. Finally, Bernardo Wealth Planning LLC bought a new stake in Penns Woods Bancorp in the 4th quarter worth approximately $224,000. Hedge funds and other institutional investors own 25.74% of the company’s stock.

Penns Woods Bancorp Company Profile

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. The company accepts time, demand, and savings deposits, including super NOW accounts, statement savings accounts, money market accounts, and certificates of deposit, as well as checking accounts and IRAs.

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Insider Buying and Selling by Quarter for Penns Woods Bancorp (NASDAQ:PWOD)

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