Penns Woods Bancorp (NASDAQ:PWOD) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD) in a report published on Monday morning. The firm issued a hold rating on the financial services provider’s stock.

Penns Woods Bancorp Price Performance

PWOD stock opened at $30.67 on Monday. The firm has a 50 day moving average of $31.12 and a 200-day moving average of $26.09. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The company has a market cap of $231.25 million, a price-to-earnings ratio of 11.62 and a beta of 0.48. Penns Woods Bancorp has a 12-month low of $17.01 and a 12-month high of $34.56.

Penns Woods Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were given a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.28 annualized dividend and a dividend yield of 4.17%. Penns Woods Bancorp’s dividend payout ratio is presently 48.49%.

Institutional Trading of Penns Woods Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PWOD. Cubist Systematic Strategies LLC purchased a new stake in Penns Woods Bancorp in the 2nd quarter worth approximately $39,000. JPMorgan Chase & Co. increased its position 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 acquiring an additional 6,337 shares in the last quarter. Hsbc Holdings PLC acquired a new position in shares of Penns Woods Bancorp during the second quarter worth about $205,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Penns Woods Bancorp in the 2nd quarter worth approximately $223,000. Finally, Barclays PLC increased its stake in Penns Woods Bancorp by 19.2% during the 3rd quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock worth $353,000 after buying an additional 2,398 shares during the period. Hedge funds and other institutional investors own 27.94% of the company’s stock.

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.