It Seems Penns Woods Bancorp, Inc. (PWOD) Will Go Up. Formed A Few Months Bullish Inverse H&S Pattern

Investors sentiment decreased to 1.12 in 2018 Q4. Its down 0.71, from 1.83 in 2018Q3. It dived, as 1 investors sold Penns Woods Bancorp, Inc. shares while 16 reduced holdings. 5 funds opened positions while 14 raised stakes. 1.16 million shares or 0.69% less from 1.17 million shares in 2018Q3 were reported.
4,835 were reported by Bancorporation Of America Corporation De. Great West Life Assurance Com Can reported 0% in Penns Woods Bancorp, Inc. (NASDAQ:PWOD). Moreover, Renaissance Ltd Liability Company has 0% invested in Penns Woods Bancorp, Inc. (NASDAQ:PWOD). The California-based California State Teachers Retirement has invested 0% in Penns Woods Bancorp, Inc. (NASDAQ:PWOD). Jpmorgan Chase Communications invested 0% of its portfolio in Penns Woods Bancorp, Inc. (NASDAQ:PWOD). Dimensional Fund Advisors L P reported 165,648 shares. Moreover, Tower Rech Limited Liability Com (Trc) has 0% invested in Penns Woods Bancorp, Inc. (NASDAQ:PWOD). Bokf Na holds 0.02% or 13,648 shares in its portfolio. Fmr Limited Com holds 1 shares or 0% of its portfolio. Blackrock invested in 0% or 234,784 shares. Deutsche Comml Bank Ag stated it has 14,083 shares. Northern Tru Corp stated it has 0% in Penns Woods Bancorp, Inc. (NASDAQ:PWOD). Wells Fargo & Com Mn reported 0% in Penns Woods Bancorp, Inc. (NASDAQ:PWOD). Bnp Paribas Arbitrage Sa reported 0% of its portfolio in Penns Woods Bancorp, Inc. (NASDAQ:PWOD). Berkshire Asset Management Ltd Liability Corporation Pa accumulated 23,045 shares.

Since February 1, 2019, it had 9 insider purchases, and 0 selling transactions for $316,048 activity. 169 shares were bought by Carter Aron M, worth $6,108 on Friday, February 1. Shares for $63,298 were bought by Edwards William. 1,000 Penns Woods Bancorp, Inc. (NASDAQ:PWOD) shares with value of $36,450 were bought by CASALE MICHAEL J JR. On Friday, February 1 the insider Hawbaker D Michael bought $36,025. FUREY JAMES M II bought $18,000 worth of Penns Woods Bancorp, Inc. (NASDAQ:PWOD) on Friday, February 1. Shares for $26,910 were bought by Grafmyre Richard A.

The stock of Penns Woods Bancorp, Inc. (PWOD) formed H&SI with $47.71 price target or 9.00 % above the current $43.77 share price. The 5 months Head & Shoulders Inverse reveals low risk for the $205.38M company. This trade was featured by Faxor.com on May, 15. If the $47.71 target price is reached, the company’s valuation will be $18.48M more.
Inverse Head-and-shoulders are some of the best chart patterns to trade. These formations work as in bear as in bull markets and many researchers states that they have very low failure rates. Despite the high pullback rate, these trading patterns are usually good places to trade based on their risk-reward profile. Industry experts’s backtests show that 55% of these patterns reach their targets.

The stock increased 1.79% or $0.77 during the last trading session, reaching $43.77. About 6,594 shares traded. Penns Woods Bancorp, Inc. (NASDAQ:PWOD) has risen 9.29% since May 15, 2018 and is uptrending. It has outperformed by 4.92% the S&P500.

More notable recent Penns Woods Bancorp, Inc. (NASDAQ:PWOD) news were published by: Seekingalpha.com which released: “Secret OTC List – Seeking Alpha” on November 09, 2016, also Globenewswire.com with their article: “Knepp to President of Penns Woods Bancorp, Young to President of JSSB – GlobeNewswire” published on November 01, 2017, Globenewswire.com published: “Penns Woods Bancorp, Inc. Announces Quarterly Dividend – GlobeNewswire” on August 28, 2018. More interesting news about Penns Woods Bancorp, Inc. (NASDAQ:PWOD) were released by: Nasdaq.com and their article: “Penns Woods Bancorp, Inc. (PWOD) Ex-Dividend Date Scheduled for December 10, 2018 – Nasdaq” published on December 07, 2018 as well as Gurufocus.com‘s news article titled: “May 13, 2019 – Jacobi Capital Management LLC Buys iShares 20+ Year Treasury Bond ETF, iShares 7-10 Year Treasury Bond ETF, iShares Core US Aggregate Bond, Sells iShares US Real Estate, Vanguard S&P 500, Lear Corp – GuruFocus.com” with publication date: May 13, 2019.

Penns Woods Bancorp, Inc. operates as the bank holding firm for Jersey Shore State Bank and Luzerne Bank, which provides banking and financial services to individuals, partnerships, non-profit organizations, and firms. The company has market cap of $205.38 million. It provides time deposits, super NOW accounts, statement savings accounts, money market accounts, certificates of deposit, checking accounts, and IRAs. It has a 13.3 P/E ratio. The firm also offers loan products comprising secured and unsecured business, and commercial loans that include financing commercial transactions, as well as revolving credit loans with overdraft protection.

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) Institutional Positions Chart

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