In a recent transaction, Cameron Kephart, a director at Penns Woods Bancorp Inc. (NASDAQ:PWOD), purchased shares of the company's common stock. The acquisition, which took place on April 30, 2024, involved 450 shares at a price of $17.39 per share, amounting to a total investment of approximately $7,824.
This purchase has increased Kephart's holdings in Penns Woods Bancorp to a total of 8,333 shares. The transaction reflects a vote of confidence from the director in the company's future prospects.
Penns Woods Bancorp Inc., headquartered in Jersey Shore, Pennsylvania, operates as the bank holding company for Jersey Shore State Bank and Luzerne Bank, providing banking and financial services to individuals, corporations, and municipalities.
Investors often monitor the buying and selling activities of company insiders as it can provide insights into their perspective on the company's performance and outlook. The recent purchase by director Kephart may be seen as a positive signal by the market.
InvestingPro Insights
Amid the recent insider buying at Penns Woods Bancorp Inc. (NASDAQ:PWOD), investors may find additional context through key metrics and insights that highlight the company's financial health and market position. As of the last twelve months leading up to Q1 2024, Penns Woods Bancorp has demonstrated a commitment to returning value to shareholders, which is reflected in its significant dividend yield of 7.45%. This aligns with the company's history of maintaining dividend payments for an impressive 40 consecutive years.
Despite a challenging environment that has seen the company's share price trading near its 52-week low and experiencing a notable decline over the last three months, Penns Woods Bancorp's market capitalization stands at $131.34 million. The company's Price to Earnings (P/E) ratio is currently at 8, and when adjusted for the last twelve months, it is slightly higher at 8.5. This valuation metric suggests that the stock may be undervalued, especially when considering the InvestingPro Fair Value estimate of $19.11 per share.
With a Price to Book (P/B) ratio of 0.68 as of the last twelve months, the company's stock is potentially trading below its net asset value, which could attract value investors looking for potential bargains in the market. For those interested in exploring further insights and the full list of InvestingPro Tips, which includes observations on the company's weak gross profit margins and recent price performance, visit InvestingPro. There are 6 additional tips available to help investors make informed decisions. Use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, offering a more comprehensive understanding of Penns Woods Bancorp's investment potential.
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