Form 4: Penns Woods Bancorp Director Hawbaker Acquires Additional Shares
SEC Form 4 Filing
Director D Michael Hawbaker purchased 414 shares of Penns Woods Bancorp Inc. common stock at $17.48 per share on April 30, 2024.
Summary
- On April 30, 2024, D Michael Hawbaker, a director of Penns Woods Bancorp Inc., acquired 414 shares of the company's common stock.
- The purchase price was $17.48 per share.
- Following the transaction, Hawbaker directly owns 11,935 shares of Penns Woods Bancorp, Inc.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but the transaction is relatively small and doesn't provide significant insight.
Positives
- A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Insider transactions are closely monitored by investors as they can provide insights into a company's performance and future expectations. Purchases by directors are often viewed more favorably than sales.
Stakeholder Impact
- The purchase could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 04/30/2024 | Date of transaction: D Michael Hawbaker acquired 414 shares of Penns Woods Bancorp, Inc. common stock. |
| 05/01/2024 | Date of signature of the Form 4 filing. |
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