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Penns Woods Bancorp

Nasdaq:PWOD
Snowflake Description

Excellent balance sheet established dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
PWOD
Nasdaq
$204M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Penns Woods Bancorp, Inc. operates as the bank holding company for Jersey Shore State Bank and Luzerne Bank, which provides commercial and retail banking services to individuals, partnerships, non-profit organizations, and corporations. The last earnings update was 12 days ago. More info.


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PWOD Share Price and Events
7 Day Returns
1%
NasdaqGS:PWOD
0.5%
US Banks
1.6%
US Market
1 Year Returns
-4.1%
NasdaqGS:PWOD
-10%
US Banks
2.6%
US Market
PWOD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Penns Woods Bancorp (PWOD) 1% 2.2% 4.4% -4.1% 0.5% -5.5%
US Banks 0.5% -3.2% -2.2% -10% 41.6% 47.1%
US Market 1.6% -1.7% 2.1% 2.6% 38.5% 41.4%
1 Year Return vs Industry and Market
  • PWOD outperformed the Banks industry which returned -10% over the past year.
  • PWOD underperformed the Market in United States of America which returned 2.6% over the past year.
Price Volatility
PWOD
Industry
5yr Volatility vs Market

PWOD Value

 Is Penns Woods Bancorp undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Penns Woods Bancorp to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Penns Woods Bancorp.

NasdaqGS:PWOD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $29.53 * 8.7%
$2.56
Book Value of Equity per Share Median Book Value from the past 5 years. $29.53
Discount Rate (Cost of Equity) See below 9.4%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:PWOD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.62
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.622 (1 + (1- 21%) (114.52%))
1.124
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.124 * 5.96%)
9.43%

Discounted Cash Flow Calculation for NasdaqGS:PWOD using Excess Returns Model Model

The calculations below outline how an intrinsic value for Penns Woods Bancorp is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:PWOD Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.7% – 9.43%) * $29.53)
$-0.22
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.22 / (9.43% - 2.73%)
$-3.28
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $29.53 + $-3.28
$26.25
NasdaqGS:PWOD Discount to Share Price
Calculation Result
Value per share (USD) From above. $26.25
Current discount Discount to share price of $43.43
= -1 x ($43.43 - $26.25) / $26.25
-65.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Penns Woods Bancorp is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Penns Woods Bancorp's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Penns Woods Bancorp's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:PWOD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $3.29
NasdaqGS:PWOD Share Price ** NasdaqGS (2019-05-21) in USD $43.43
United States of America Banks Industry PE Ratio Median Figure of 593 Publicly-Listed Banks Companies 12.81x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.74x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Penns Woods Bancorp.

NasdaqGS:PWOD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:PWOD Share Price ÷ EPS (both in USD)

= 43.43 ÷ 3.29

13.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Penns Woods Bancorp is overvalued based on earnings compared to the US Banks industry average.
  • Penns Woods Bancorp is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Penns Woods Bancorp's expected growth come at a high price?
Raw Data
NasdaqGS:PWOD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.2x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
1.2%per year
United States of America Banks Industry PEG Ratio Median Figure of 270 Publicly-Listed Banks Companies 1.33x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Penns Woods Bancorp, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Penns Woods Bancorp's assets?
Raw Data
NasdaqGS:PWOD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $31.33
NasdaqGS:PWOD Share Price * NasdaqGS (2019-05-21) in USD $43.43
United States of America Banks Industry PB Ratio Median Figure of 598 Publicly-Listed Banks Companies 1.21x
United States of America Market PB Ratio Median Figure of 5,202 Publicly-Listed Companies 1.84x
NasdaqGS:PWOD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:PWOD Share Price ÷ Book Value per Share (both in USD)

= 43.43 ÷ 31.33

1.39x

* Primary Listing of Penns Woods Bancorp.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Penns Woods Bancorp is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess Penns Woods Bancorp's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Penns Woods Bancorp has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

PWOD Future Performance

 How is Penns Woods Bancorp expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Penns Woods Bancorp, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Penns Woods Bancorp expected to grow at an attractive rate?
  • Penns Woods Bancorp's earnings growth is positive but not above the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Penns Woods Bancorp's earnings growth is positive but not above the United States of America market average.
  • Unable to compare Penns Woods Bancorp's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:PWOD Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:PWOD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 1.2%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.9%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:PWOD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:PWOD Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 57 20 15
2018-12-31 56 17 15
2018-09-30 55 24 11
2018-06-30 55 24 11
2018-03-31 55 17 10
2017-12-31 54 18 10
2017-09-30 53 11 12
2017-06-30 52 15 12
2017-03-31 52 18 12
2016-12-31 52 16 12
2016-09-30 52 17 13
2016-06-30 52 16 14

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Penns Woods Bancorp's earnings are expected to grow by 1.2% yearly, however this is not considered high growth (20% yearly).
  • Unable to determine if Penns Woods Bancorp is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:PWOD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Penns Woods Bancorp Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PWOD Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 3.29
2018-12-31 3.14
2018-09-30 2.39
2018-06-30 2.28
2018-03-31 2.19
2017-12-31 2.08
2017-09-30 2.54
2017-06-30 2.49
2017-03-31 2.55
2016-12-31 2.63
2016-09-30 2.80
2016-06-30 2.86

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Penns Woods Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Penns Woods Bancorp's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Penns Woods Bancorp has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

PWOD Past Performance

  How has Penns Woods Bancorp performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Penns Woods Bancorp's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Penns Woods Bancorp's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Penns Woods Bancorp's 1-year earnings growth exceeds its 5-year average (50% vs -3.9%)
  • Penns Woods Bancorp's earnings growth has exceeded the US Banks industry average in the past year (50% vs 40.2%).
Earnings and Revenue History
Penns Woods Bancorp's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Penns Woods Bancorp Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:PWOD Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 57.20 15.44 30.05
2018-12-31 55.71 14.70 29.75
2018-09-30 55.10 11.23 29.30
2018-06-30 54.87 10.69 28.79
2018-03-31 54.51 10.30 28.36
2017-12-31 54.09 9.77 27.67
2017-09-30 53.02 12.00 27.09
2017-06-30 51.96 11.78 26.68
2017-03-31 51.95 12.08 26.30
2016-12-31 52.16 12.48 25.67
2016-09-30 52.48 13.28 24.54
2016-06-30 52.14 13.58 23.59
2016-03-31 51.34 13.62 22.72
2015-12-31 51.37 13.90 24.42
2015-09-30 49.59 13.04 22.98
2015-06-30 51.37 14.46 22.71
2015-03-31 51.40 14.49 22.55
2014-12-31 51.64 14.61 22.64
2014-09-30 52.20 15.22 22.53
2014-06-30 50.39 13.67 22.77
2014-03-31 49.34 13.87 21.64
2013-12-31 47.14 14.08 19.65
2013-09-30 43.76 13.69 17.71
2013-06-30 40.86 14.11 15.80
2013-03-31 38.42 13.85 15.23
2012-12-31 37.81 13.85 15.00
2012-09-30 37.52 14.15 14.65
2012-06-30 36.15 13.63 14.20

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Penns Woods Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Penns Woods Bancorp used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Penns Woods Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Penns Woods Bancorp's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Penns Woods Bancorp has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

PWOD Health

 How is Penns Woods Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Penns Woods Bancorp's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Penns Woods Bancorp Company Filings, last reported 1 month ago.

NasdaqGS:PWOD Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 147.04 233.37 73.64
2018-12-31 143.54 306.81 66.78
2018-09-30 140.54 303.44 72.39
2018-06-30 139.14 258.61 56.25
2018-03-31 138.11 183.28 37.55
2017-12-31 138.19 171.72 27.43
2017-09-30 139.67 122.59 27.96
2017-06-30 138.44 91.74 38.42
2017-03-31 139.11 84.59 75.66
2016-12-31 138.25 99.24 43.73
2016-09-30 139.94 102.60 60.18
2016-06-30 139.39 108.47 69.48
2016-03-31 137.66 106.90 47.19
2015-12-31 136.28 137.66 22.87
2015-09-30 135.58 142.74 18.32
2015-06-30 135.00 134.45 22.03
2015-03-31 137.00 116.80 21.77
2014-12-31 135.97 111.99 19.91
2014-09-30 137.00 88.42 25.24
2014-06-30 135.80 93.13 24.87
2014-03-31 132.31 85.33 39.66
2013-12-31 127.82 97.92 24.61
2013-09-30 125.85 85.81 33.04
2013-06-30 125.93 109.75 28.44
2013-03-31 93.01 87.91 13.07
2012-12-31 93.73 109.48 14.01
2012-09-30 93.78 94.21 21.14
2012-06-30 88.11 79.13 16.07
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Penns Woods Bancorp has an acceptable proportion of non-loan assets held.
  • Penns Woods Bancorp's liabilities are made up of primarily low risk sources of funding.
  • Loans at Penns Woods Bancorp are broadly funded by customer deposits.
  • Penns Woods Bancorp's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Penns Woods Bancorp has a low allowance for bad loans.
  • Penns Woods Bancorp has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Penns Woods Bancorp's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Penns Woods Bancorp has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

PWOD Dividends

 What is Penns Woods Bancorp's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.33%
Current annual income from Penns Woods Bancorp dividends.
If you bought $2,000 of Penns Woods Bancorp shares you are expected to receive $87 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Penns Woods Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Penns Woods Bancorp's dividend is above the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:PWOD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 475 Stocks 2.9%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:PWOD Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-26 1.880 4.420
2018-11-27 1.880 4.736
2018-08-28 1.880 4.378
2018-05-22 1.880 4.137
2018-02-27 1.880 4.370
2017-11-29 1.880 4.221
2017-08-21 1.880 4.076
2017-05-23 1.880 4.546
2017-02-28 1.880 4.419
2016-11-22 1.880 3.880
2016-08-23 1.880 4.302
2016-05-24 1.880 4.424
2016-02-23 1.880 4.743
2015-11-24 1.880 4.586
2015-08-25 1.880 4.428
2015-05-26 1.880 4.353
2015-02-24 1.880 4.164
2014-11-25 1.880 4.065
2014-08-26 1.880 4.154
2014-05-29 1.880 4.185
2014-02-25 1.880 4.062
2013-11-26 1.880 3.879
2013-08-27 1.880 3.842
2013-05-30 1.880 4.302
2013-02-26 1.880 4.648
2013-01-23 1.880 4.650
2012-08-28 1.880 4.665
2012-05-22 1.880 4.822
2012-02-28 1.880 4.914
2011-11-22 1.840 4.772
2011-08-23 1.840 5.258
2011-05-24 1.840 5.263
2011-02-24 1.840 4.897
2010-11-23 1.840 4.773
2010-08-24 1.840 5.618
2010-05-25 1.840 6.024
2010-02-23 1.840 5.655
2009-11-24 1.840 5.875
2009-08-25 1.840 5.713
2009-05-28 1.840 5.864

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Penns Woods Bancorp's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.8x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Penns Woods Bancorp's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Penns Woods Bancorp afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Penns Woods Bancorp has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

PWOD Management

 What is the CEO of Penns Woods Bancorp's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dick Grafmyre
COMPENSATION $1,061,642
AGE 64
TENURE AS CEO 8.6 years
CEO Bio

Mr. Richard Allen Grafmyre, also known as Dick, CFP, has been the Chief Executive Officer of Penns Woods BanCorp, Inc. and its subsidiary Jersey Shore State Bank (“Bank”) since October 29, 2010 and served as its President. Mr. Grafmyre served as the Chief Executive Officer of Luzerne Bank from January 29, 2016 to November 25, 2016. Mr. Grafmyre has 42 years of banking experience. He served as the President and Chief Executive Officer of FNB Bank NA in Danville, PA. He has been a Director of Luzerne National Bank Corp. and The Luzerne Bank since June 2013. He has been a Director of Penns Woods BanCorp Inc. and Bank since 2010. He also directed Swineford National Bank and the State College, PA region of Fulton Bank. Community & Professional Service Active in the local community, he is a member of the boards of Geisinger Health System Foundation, and the Geisinger Health System Advisory Council. Education & Accreditations • BS, Business Administration, Empire State College • Master’s Degree, Financial Planning, College of Financial Planning in Denver, CO • Certified Financial Planner • Series 7 license

CEO Compensation
  • Dick's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Dick's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Penns Woods Bancorp management team in years:

3.1
Average Tenure
48
Average Age
  • The tenure for the Penns Woods Bancorp management team is about average.
Management Team

Dick Grafmyre

TITLE
CEO & Director
COMPENSATION
$1M
AGE
64
TENURE
8.6 yrs

Brian Knepp

TITLE
President
COMPENSATION
$499K
AGE
43
TENURE
1.5 yrs

Shelley Karas

TITLE
Senior VP
COMPENSATION
$212K
AGE
51
TENURE
3.2 yrs

Aron Carter

TITLE
Senior VP & Chief Risk Officer
COMPENSATION
$186K
AGE
45
TENURE
6.3 yrs

Mark Beatty

TITLE
Chief Information Officer & Senior VP

Kim Yale

TITLE
Executive Assistant to President & Shareholder Relations
TENURE
6.3 yrs

Aaron Cunningham

TITLE
Chief Credit Officer & Senior VP
TENURE
3.1 yrs

Bill Mauck

TITLE
SVP of Deposit Ops
TENURE
2.9 yrs

Roxanna Chapman

TITLE
Senior Vice President of Loan Operations
TENURE
2.9 yrs
Board of Directors Tenure

Average tenure and age of the Penns Woods Bancorp board of directors in years:

13.3
Average Tenure
64.5
Average Age
  • The average tenure for the Penns Woods Bancorp board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

R. Nestlerode

TITLE
Chairman of the Board
COMPENSATION
$69K
AGE
65

Dick Grafmyre

TITLE
CEO & Director
COMPENSATION
$1M
AGE
64
TENURE
9.3 yrs

Joe Kluger

TITLE
Vice Chairman of the Board
COMPENSATION
$55K
AGE
54
TENURE
5.8 yrs

Brian Knepp

TITLE
President
COMPENSATION
$499K
AGE
43
TENURE
4.3 yrs

Daniel Brewer

TITLE
Director
COMPENSATION
$69K
AGE
56
TENURE
6.8 yrs

Ronald Walko

TITLE
Director
COMPENSATION
$58K
AGE
71
TENURE
19.3 yrs

William Rockey

TITLE
Director
COMPENSATION
$58K
AGE
71
TENURE
20.3 yrs

Michael Casale

TITLE
Director
COMPENSATION
$61K
AGE
66
TENURE
20.3 yrs

James Furey

TITLE
Director
COMPENSATION
$61K
AGE
70
TENURE
29.3 yrs

Leroy Keiler

TITLE
Director
COMPENSATION
$58K
AGE
54
TENURE
13.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Penns Woods Bancorp insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
06. Mar 19 Buy Cameron Kephart Individual 06. Mar 19 06. Mar 19 100 $45.51 $4,551
26. Feb 19 Buy John Nackley Individual 15. Feb 19 15. Feb 19 300 $41.14 $12,343
19. Feb 19 Buy Joseph Kluger Individual 14. Feb 19 14. Feb 19 247 $39.50 $9,757
07. Feb 19 Buy R. Nestlerode Individual 06. Feb 19 06. Feb 19 2,770 $38.78 $107,157
04. Feb 19 Buy D. Hawbaker Individual 01. Feb 19 01. Feb 19 1,000 $36.03 $36,025
04. Feb 19 Buy James Furey Individual 01. Feb 19 01. Feb 19 500 $36.00 $18,000
04. Feb 19 Buy William Edwards Individual 01. Feb 19 01. Feb 19 1,750 $36.17 $63,298
04. Feb 19 Buy Michael Casale Individual 01. Feb 19 01. Feb 19 1,000 $36.50 $36,450
04. Feb 19 Buy Aron Carter Individual 01. Feb 19 01. Feb 19 169 $36.14 $6,108
04. Feb 19 Buy Richard Grafmyre Individual 01. Feb 19 01. Feb 19 750 $35.88 $26,910
30. Oct 18 Buy Richard Grafmyre Individual 30. Oct 18 30. Oct 18 500 $40.28 $20,139
X
Management checks
We assess Penns Woods Bancorp's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Penns Woods Bancorp has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

PWOD News

Simply Wall St News

Read This Before Buying Penns Woods Bancorp, Inc. (NASDAQ:PWOD) For Its Dividend

Dividend paying stocks like Penns Woods Bancorp, Inc. … (NASDAQ:PWOD) tend to be popular with investors, and for good reason - some research suggests a significant amount of all stock market returns come from reinvested dividends. Unfortunately, it's common for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. With Penns Woods Bancorp yielding 4.3% and having paid a dividend for over 10 years, many investors likely find the company quite interesting. It would not be a surprise to discover that many investors buy it for the dividends. Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1. … Penns Woods Bancorp has been paying dividends for a long time, but for the purpose of this analysis, we only examine the past 10 years of payments.

Simply Wall St -

What Makes Penns Woods Bancorp, Inc. (NASDAQ:PWOD) A Hard Investment?

As a small-cap bank stock with a market capitalisation of US$202m, Penns Woods Bancorp, Inc.’s (NASDAQ:PWOD) risk and profitability are largely determined by the underlying economic growth of the US regions in which it operates. … The Basel III reforms are aimed at banking regulations to improve financial institutions’ ability to absorb shocks caused by economic stress which could expose banks like Penns Woods Bancorp to vulnerabilities. … Since its financial standing can unexpectedly decline in the case of an adverse macro event such as political instability, it is important to understand how prudent the bank is at managing its risk levels.

Simply Wall St -

Those Who Purchased Penns Woods Bancorp (NASDAQ:PWOD) Shares Five Years Ago Have A 15% Loss To Show For It

In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … During the five years over which the share price declined, Penns Woods Bancorp's earnings per share (EPS) dropped by 0.4% each year.

Simply Wall St -

Only 4 Days Left Before Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Will Be Trading Ex-Dividend

To qualify for the dividend check of US$0.47 per share, investors must have owned the shares prior to 11 March 2019, which is the last day the company's management will finalize their list of shareholders to which they will send dividend payments. … Below, I will explain how holding Penns Woods Bancorp can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. … Whenever I am looking at a potential dividend stock investment, I always check these five metrics:?

Simply Wall St -

Does Penns Woods Bancorp, Inc.'s (NASDAQ:PWOD) P/E Ratio Signal A Buying Opportunity?

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll look at Penns Woods Bancorp, Inc.'s (NASDAQ:PWOD) P/E ratio and reflect on what it tells us about the company's share price. … Penns Woods Bancorp has a price to earnings ratio of 13.27, based on the last twelve months.

Simply Wall St -

Have Insiders Been Buying Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Shares?

So we'll take a look at whether insiders have been buying or selling shares in Penns Woods Bancorp, Inc. … But logic dictates you should pay some attention to whether insiders are buying or selling shares. … In any event it's generally a positive if insiders are buying shares at around the current price.

Simply Wall St -

How Does Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Affect Your Portfolio Volatility?

Some stocks mimic the volatility of the market quite closely, while others demonstrate muted, exagerrated or uncorrelated price movements. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Financial Metrics For Penns Woods Bancorp, Inc. (NASDAQ:PWOD)

Penns Woods Bancorp, Inc.’s (NASDAQ:PWOD) profitability and risk are largely affected by the underlying economic growth for the region it operates in US given it is a small-cap stock with a market capitalisation of US$196m. … We can gauge Penns Woods Bancorp’s risk-taking behaviour by analysing three metrics for leverage and liquidity which I will take you through now. … Check out our latest analysis for Penns Woods Bancorp

Simply Wall St -

Why Penns Woods Bancorp Inc (NASDAQ:PWOD) May Not Be As Risky Than You Think

As a small-cap bank with a market capitalisation of US$202m, Penns Woods Bancorp Inc’s (NASDAQ:PWOD) profit and value are directly affected by economic activity. … Risk associate with repayment is measured by the level of bad debt which is an expense written off Penns Woods Bancorp’s bottom line. … Today we will analyse Penns Woods Bancorp’s level of bad debt and liabilities in order to understand the risk involved with investing in the bank.

Simply Wall St -

Is Penns Woods Bancorp Inc (NASDAQ:PWOD) Excessively Paying Its CEO?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Dick Grafmyre's Compensation Compare With Similar Sized Companies. … Our data indicates that Penns Woods Bancorp Inc is worth US$190m, and total annual CEO compensation is US$828k.

Simply Wall St -

PWOD Company Info

Description

Penns Woods Bancorp, Inc. operates as the bank holding company for Jersey Shore State Bank and Luzerne Bank, which provides commercial and retail banking services to individuals, partnerships, non-profit organizations, and corporations. The company accepts time, demand, and savings deposits, including super NOW accounts, statement savings accounts, money market accounts, and certificates of deposit, as well as checking accounts and IRAs. It also offers loan products comprising residential, commercial, and construction real estate loans; agricultural loans for the purchase or improvement of real estate; commercial loans for the acquisition and improvement of real estate, purchase of equipment, and working capital purposes; letters of credit; consumer loans, such as residential mortgages, home equity loans and lines, automobile financing, personal loans and lines of credit, and overdraft and check lines; and revolving credit loans with overdraft protection. In addition, the company provides securities brokerage and financial planning services, which include the sale of life insurance products, annuities, and estate planning services; property and casualty, and auto insurance products; safe deposit services; ATM services; and Internet and telephone banking services. Additionally, it engages in real estate transactions and investment activities. The company operates through a network of 26 offices located in Clinton, Lycoming, Centre, Montour, Union, and Luzerne counties, Pennsylvania. Penns Woods Bancorp, Inc. was incorporated in 1983 and is based in Williamsport, Pennsylvania.

Details
Name: Penns Woods Bancorp, Inc.
PWOD
Exchange: NasdaqGS
Founded: 1983
$203,786,806
4,692,305
Website: http://www.pwod.com
Address: Penns Woods Bancorp, Inc.
300 Market Street,
PO Box 967,
Williamsport,
Pennsylvania, 17703,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS PWOD Common Stock Nasdaq Global Select US USD 26. Oct 1990
Number of employees
Current staff
Staff numbers
328
Penns Woods Bancorp employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 03:34
End of day share price update: 2019/05/21 00:00
Last earnings filing: 2019/05/10
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.