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

Investment analysts at StockNews.com began coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Penns Woods Bancorp Stock Performance

NASDAQ PWOD opened at $28.79 on Tuesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The stock’s 50 day simple moving average is $30.02 and its 200-day simple moving average is $28.58. The company has a market cap of $219.18 million, a PE ratio of 12.20 and a beta of 0.46. Penns Woods Bancorp has a 1-year low of $17.01 and a 1-year high of $34.56.

Penns Woods Bancorp (NASDAQ:PWOD) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.57 EPS for the quarter. Penns Woods Bancorp had a return on equity of 9.26% and a net margin of 14.87%.

Institutional Investors Weigh In On Penns Woods Bancorp

A number of large investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Penns Woods Bancorp by 4.6% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,797 shares of the financial services provider’s stock valued at $237,000 after buying an additional 343 shares during the period. OMERS ADMINISTRATION Corp purchased a new stake in shares of Penns Woods Bancorp during the 4th quarter valued at approximately $219,000. Bridgeway Capital Management LLC lifted its holdings in Penns Woods Bancorp by 1.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 75,847 shares of the financial services provider’s stock valued at $2,305,000 after acquiring an additional 892 shares during the last quarter. Bank of America Corp DE grew its position in Penns Woods Bancorp by 124.3% in the fourth quarter. Bank of America Corp DE now owns 13,590 shares of the financial services provider’s stock worth $413,000 after acquiring an additional 7,531 shares during the period. Finally, Rhino Investment Partners Inc acquired a new stake in Penns Woods Bancorp during the fourth quarter worth $1,078,000. 27.94% of the stock is currently owned by hedge funds and other institutional investors.

About Penns Woods Bancorp

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.