Penns Woods Bancorp (NASDAQ:PWOD) Earns Hold Rating from Analysts at StockNews.com

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

Penns Woods Bancorp Stock Up 0.4%

Shares of NASDAQ:PWOD opened at $30.31 on Monday. Penns Woods Bancorp has a 52-week low of $18.91 and a 52-week high of $34.56. The firm has a market capitalization of $230.75 million, a P/E ratio of 12.84 and a beta of 0.45. The stock has a 50 day moving average price of $27.87 and a 200-day moving average price of $29.58. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09.

Penns Woods Bancorp (NASDAQ:PWOD) last announced its earnings results on Friday, April 25th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter. Penns Woods Bancorp had a return on equity of 9.26% and a net margin of 14.87%. The firm had revenue of $18.71 million during the quarter.

Institutional Trading of Penns Woods Bancorp

Several hedge funds and other institutional 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 worth $237,000 after buying an additional 343 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Penns Woods Bancorp by 50.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,351 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 451 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in shares of Penns Woods Bancorp by 1.2% during 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 purchasing an additional 892 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Penns Woods Bancorp by 2.0% during the first quarter. Cetera Investment Advisers now owns 49,775 shares of the financial services provider’s stock valued at $1,389,000 after buying an additional 963 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Penns Woods Bancorp by 4.9% during the fourth quarter. Empowered Funds LLC now owns 28,602 shares of the financial services provider’s stock valued at $869,000 after buying an additional 1,342 shares during the last quarter. 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.