In a current transaction on April thirtieth, R. Edward Nestlerode Jr., a director at Penns Woods Bancorp Inc. (NASDAQ:PWOD), bought shares of the corporate’s widespread inventory valued at roughly $41,848. The acquisition was made at costs starting from $17.36 to $17.655 per share.
The transaction was a part of a collection of purchases that noticed Nestlerode Jr. add a complete of two,399 shares to his holdings within the firm. This transfer displays a notable funding by the director into Penns Woods Bancorp, a monetary establishment with a powerful presence within the state of Pennsylvania.
Following these transactions, Nestlerode Jr.’s direct and oblique possession in Penns Woods Bancorp Inc. has elevated considerably. The shares owned following the transactions have been reported to be held each immediately by Nestlerode Jr. and not directly by means of his spouse and an organization affiliation.
Penns Woods Bancorp Inc. is thought for its industrial banking companies and operates primarily inside Pennsylvania. This buy by a key insider could also be of curiosity to present and potential traders because it could possibly be indicative of the director’s confidence within the firm’s future efficiency.
Buyers typically pay shut consideration to such insider transactions, as they will present insights into the views of those that are carefully concerned with the corporate’s operations and strategic route. The current purchase by Nestlerode Jr. could possibly be seen as a constructive sign to the market concerning the well being and prospects of Penns Woods Bancorp Inc.
The corporate’s inventory, traded underneath the ticker PWOD on the NASDAQ, is a part of a sector that’s carefully monitored by traders for indicators of development and stability. The banking trade, particularly, is topic to varied financial elements that may have an effect on inventory efficiency, making insider transactions like these a priceless piece of data for the funding neighborhood.
take away adverts
.
InvestingPro Insights
In mild of the current insider purchases by a director at Penns Woods Bancorp Inc. (NASDAQ:PWOD), traders would possibly discover extra context within the firm’s monetary knowledge and efficiency metrics. Based on InvestingPro, Penns Woods Bancorp is presently buying and selling close to its 52-week low, with a value that’s 62.99% of its 52-week excessive. This might counsel a possible undervaluation, particularly contemplating the corporate’s vital dividend yield of seven.45%, which is supported by a historical past of sustaining dividend funds for 40 consecutive years.
The corporate’s market capitalization stands at 131.34M USD, and it has a P/E ratio of 8.5 based mostly on the final twelve months as of Q1 2024. The dividend yield and the dedication to shareholder returns are significantly noteworthy given the corporate’s profitability over the past twelve months. These elements, mixed with a price-to-book ratio of 0.68, could possibly be indicative of a probably enticing valuation for worth traders.
For these seeking to delve deeper into Penns Woods Bancorp’s monetary well being and future prospects, there are extra InvestingPro Ideas obtainable. Presently, there are a further 6 ideas listed on InvestingPro, which give extra complete evaluation and will help in making a extra knowledgeable funding choice. To entry these insights and reap the benefits of the extra knowledge, use coupon code PRONEWS24 to get a further 10% off a yearly or biyearly Professional and Professional+ subscription.
This text was generated with the help of AI and reviewed by an editor. For extra info see our T&C.
