In a current transaction disclosed to the general public, Charles E. Kranich, a director of Penns Woods Bancorp Inc (NASDAQ:PWOD), has bought further shares of the corporate’s widespread inventory. The acquisition, which befell on June 3, 2024, indicators a vote of confidence from the director within the monetary establishment’s future prospects.

The transaction concerned the acquisition of 600 shares at costs starting from $19.8962 to $19.953. The full quantity spent by Kranich on these shares amounted to roughly $11,949. This buy has elevated Kranich’s direct possession in Penns Woods Bancorp to 36,152 shares, in keeping with the most recent filings.

Penns Woods Bancorp Inc, headquartered in Jersey Shore, Pennsylvania, operates because the financial institution holding firm for Jersey Shore State Financial institution, providing varied banking services and products within the area. As a director of the corporate, Kranich’s funding selections are sometimes thought-about a mirrored image of his perception within the firm’s stability and progress potential.

Traders sometimes monitor insider shopping for as it may be indicative of executives’ confidence within the firm’s efficiency and valuation. The current buy by Director Kranich might thus be seen as a optimistic signal by present and potential shareholders.

The small print of the transaction had been made obtainable by way of regulatory filings with the Securities and Trade Fee. These insider transactions are a routine a part of company governance, offering transparency to buyers and guaranteeing that the pursuits of executives and administrators align with these of the shareholders.

For these excited by following the insider actions of Penns Woods Bancorp Inc, the corporate’s inventory is traded on the NASDAQ below the ticker image PWOD.

InvestingPro Insights

Following Director Charles E. Kranich’s current buy of Penns Woods Bancorp Inc shares, a better have a look at the corporate’s monetary well being by way of InvestingPro knowledge reveals a combined image. The agency’s market capitalization stands at a modest $150.82 million, with a trailing twelve months Value/Earnings (P/E) ratio as of Q1 2024 at 9.79. This valuation means that the inventory is buying and selling at an affordable price relative to its earnings. Moreover, Penns Woods Bancorp has a Value/Guide ratio of 0.78 for a similar interval, indicating that the inventory could also be undervalued given the corporate’s belongings.

InvestingPro Suggestions spotlight the corporate’s dedication to its shareholders, with a noteworthy dividend yield of 6.44% as of the most recent knowledge. That is complemented by the truth that Penns Woods Bancorp has persistently maintained dividend funds for a formidable 40 consecutive years, demonstrating a dependable return to buyers. Nevertheless, potential buyers ought to concentrate on the corporate’s weak gross revenue margins, which might be some extent of concern for long-term profitability.

For these contemplating an funding in Penns Woods Bancorp, further InvestingPro Suggestions can be found, offering deeper insights into the corporate’s financials and future prospects. By utilizing the coupon code PRONEWS24, buyers can acquire an extra 10% off a yearly or biyearly Professional and Professional+ subscription to entry these priceless suggestions. With 4 further suggestions at the moment listed on InvestingPro, buyers could make a extra knowledgeable choice concerning their funding in Penns Woods Bancorp.

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