Penns Woods Bancorp declared a $0.32 cash dividend, payable December 23, 2024, to shareholders of record December 10, 2024.
Quiver AI Summary
Penns Woods Bancorp, Inc. has announced a fourth quarter 2024 cash dividend of $0.32 per share, which will be payable on December 23, 2024, to shareholders of record as of December 10, 2024. The company, led by CEO Richard A. Grafmyre, operates as the bank holding company for Jersey Shore State Bank and Luzerne Bank, providing various banking and financial services in North Central and North Eastern Pennsylvania. Penns Woods Bancorp's stock trades on the NASDAQ under the symbol PWOD, and further information can be found on their website.
Potential Positives
- The Company declared a fourth quarter cash dividend of $0.32 per share, indicating financial stability and commitment to returning value to shareholders.
- The dividend is set to be paid on December 23, 2024, which can enhance investor confidence and attract new investors.
- The announcement reflects the Company’s ongoing ability to generate profit and cash flow, signifying positive business performance.
Potential Negatives
- The declaration of a cash dividend may indicate a lack of significant growth opportunities for reinvesting profits back into the business.
- Paying a cash dividend could raise concerns among investors about the company's long-term financial stability, particularly if it is not accompanied by robust earnings.
- The timing of the dividend payment close to the holiday season might lead to questions about financial planning and the company’s liquidity position during a typically lower revenue period for banks.
FAQ
What is the fourth quarter 2024 cash dividend declared by Penns Woods Bancorp?
The Board of Directors declared a fourth quarter 2024 cash dividend of $0.32 per share.
When will the cash dividend be paid to shareholders?
The cash dividend will be payable on December 23, 2024.
Who is eligible to receive the cash dividend?
Shareholders of record as of December 10, 2024, will be eligible to receive the cash dividend.
What services does Penns Woods Bancorp, Inc. offer?
Penns Woods Bancorp, Inc. offers retail banking, commercial banking, mortgage services, and financial services.
Where can I find more information about Penns Woods Bancorp?
Additional information can be found on the company’s website at www.pwod.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$PWOD Insider Trading Activity
$PWOD insiders have traded $PWOD stock on the open market 6 times in the past 6 months. Of those trades, 6 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $PWOD stock by insiders over the last 6 months:
- CHARLES E. KRANICH has traded it 6 times. They made 6 purchases, buying 2,000 shares and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$PWOD Hedge Fund Activity
We have seen 27 institutional investors add shares of $PWOD stock to their portfolio, and 45 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 49,239 shares (+460.5%) to their portfolio in Q3 2024
- GOLDMAN SACHS GROUP INC removed 43,096 shares (-100.0%) from their portfolio in Q3 2024
- NORTHERN TRUST CORP removed 42,352 shares (-66.5%) from their portfolio in Q3 2024
- MILLENNIUM MANAGEMENT LLC removed 34,447 shares (-33.2%) from their portfolio in Q3 2024
- AMERICAN CENTURY COMPANIES INC added 33,221 shares (+inf%) to their portfolio in Q3 2024
- QUADRATURE CAPITAL LTD removed 27,158 shares (-100.0%) from their portfolio in Q2 2024
- JANE STREET GROUP, LLC removed 27,130 shares (-64.4%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
WILLIAMSPORT, Pa., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Richard A. Grafmyre CFP®, Chief Executive Officer of Penns Woods Bancorp, Inc., (NASDAQ:PWOD) has announced that the Company’s Board of Directors declared a fourth quarter 2024 cash dividend of $0.32 per share.
The dividend is payable December 23, 2024 to shareholders of record December 10, 2024.
About Penns Woods Bancorp, Inc.
Penns Woods Bancorp, Inc. is the bank holding company for Jersey Shore State Bank and Luzerne Bank. The banks serve customers in North Central and North Eastern Pennsylvania through their retail banking, commercial banking, mortgage services and financial services divisions. Penns Woods Bancorp, Inc. stock is listed on the NASDAQ National Market under the symbol PWOD.
Previous press releases and additional information can be obtained from the company’s website at www.pwod.com .
| Contact: | Richard A. Grafmyre, Chief Executive Officer |
| 300 Market Street, Williamsport, PA, 17701 | |
| (570) 322-1111 | |
| (888) 412-5772 | |
| pwod@pwod.com | |
| www.pwod.com |
/Palo%20Alto%20Networks%20Inc%20HQ%20sign-by%20Sundry%20Photography%20via%20Shutterstock.jpg)
/PayPal%20Holdings%20Inc%20logo%20and%20money-by%20Sergio%20Photone%20via%20Shutterstock.jpg)
/Microsoft%20Corporation%20logo%20on%20sign-by%20Jean-Luc%20Ichard%20via%20iStock.jpg)
/Dell%20Technologies%20by%20Gustianto%20via%20Shutterstock.jpg)