Zullo Investment Group Inc. Buys New Stake in Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

Zullo Investment Group Inc. purchased a new stake in shares of Penns Woods Bancorp, Inc. (NASDAQ:PWOD) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,800 shares of the financial services provider’s stock, valued at approximately $207,000. Zullo Investment Group Inc. owned approximately 0.09% of Penns Woods Bancorp as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of PWOD. Connor Clark & Lunn Investment Management Ltd. grew its position in Penns Woods Bancorp by 217.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,499 shares of the financial services provider’s stock worth $821,000 after acquiring an additional 23,620 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Penns Woods Bancorp during the third quarter valued at approximately $486,000. ABC Arbitrage SA bought a new stake in shares of Penns Woods Bancorp in the 4th quarter valued at approximately $369,000. RBF Capital LLC boosted its holdings in shares of Penns Woods Bancorp by 39.8% in the 3rd quarter. RBF Capital LLC now owns 25,847 shares of the financial services provider’s stock worth $615,000 after purchasing an additional 7,356 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Penns Woods Bancorp by 471.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,680 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 6,337 shares during the period. Institutional investors own 27.94% of the company’s stock.

Penns Woods Bancorp Price Performance

Penns Woods Bancorp stock opened at $30.93 on Thursday. Penns Woods Bancorp, Inc. has a 12-month low of $17.01 and a 12-month high of $34.56. 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 has a 50-day moving average price of $30.85 and a 200-day moving average price of $27.43. The firm has a market capitalization of $233.21 million, a PE ratio of 13.11 and a beta of 0.47.

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

Penns Woods Bancorp Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend was Tuesday, December 10th. Penns Woods Bancorp’s payout ratio is currently 54.24%.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Penns Woods Bancorp in a report on Thursday, February 13th. They set a “hold” rating on the stock.

Penns Woods Bancorp Profile

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.