Penns Woods Bancorp (NASDAQ:PWOD) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD) in a research note released on Friday. The brokerage issued a hold rating on the financial services provider’s stock.

Penns Woods Bancorp Stock Performance

Shares of Penns Woods Bancorp stock opened at $30.39 on Friday. Penns Woods Bancorp has a 1 year low of $17.01 and a 1 year high of $34.56. The stock has a market cap of $229.26 million, a price-to-earnings ratio of 11.51 and a beta of 0.48. The firm’s 50-day moving average is $29.89 and its 200 day moving average is $24.84. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09.

Penns Woods Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th were given a $0.32 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $1.28 annualized dividend and a yield of 4.21%. Penns Woods Bancorp’s payout ratio is presently 48.48%.

Institutional Trading of Penns Woods Bancorp

Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in shares of Penns Woods Bancorp by 471.9% in the third quarter. JPMorgan Chase & Co. now owns 7,680 shares of the financial services provider’s stock worth $183,000 after buying an additional 6,337 shares during the period. Barclays PLC raised its holdings in Penns Woods Bancorp by 19.2% during the third quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock valued at $353,000 after acquiring an additional 2,398 shares during the period. Geode Capital Management LLC lifted its position in shares of Penns Woods Bancorp by 6.2% in the third quarter. Geode Capital Management LLC now owns 77,828 shares of the financial services provider’s stock valued at $1,852,000 after acquiring an additional 4,511 shares in the last quarter. RBF Capital LLC boosted its stake in shares of Penns Woods Bancorp by 39.8% in the third quarter. RBF Capital LLC now owns 25,847 shares of the financial services provider’s stock worth $615,000 after acquiring an additional 7,356 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Penns Woods Bancorp by 217.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,499 shares of the financial services provider’s stock worth $821,000 after purchasing an additional 23,620 shares in the last quarter. Institutional investors own 27.94% of the company’s stock.

Penns Woods Bancorp Company Profile

Penns Woods Bancorp, Inc operates as the bank holding company for Jersey Shore State Bank, which provides commercial and retail banking services to individuals, partnerships, non-profit organizations, and corporations. It accepts time, demand, and savings deposits, including super NOW accounts, statement savings accounts, money market accounts, and certificates of deposit, as well as checking and individual retirement account (IRAs) accounts.