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

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

Penns Woods Bancorp Trading Up 0.1 %

Shares of PWOD stock opened at $28.29 on Monday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. Penns Woods Bancorp has a twelve month low of $17.01 and a twelve month high of $34.56. The company’s 50-day moving average price is $30.08 and its 200-day moving average price is $28.39. The stock has a market cap of $215.37 million, a price-to-earnings ratio of 11.99 and a beta of 0.46.

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

Penns Woods Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.32 per share. The ex-dividend date is Tuesday, March 11th. This represents a $1.28 annualized dividend and a yield of 4.52%. Penns Woods Bancorp’s dividend payout ratio (DPR) is 54.24%.

Hedge Funds Weigh In On Penns Woods Bancorp

Large investors have recently modified their holdings of the business. Barclays PLC raised its holdings in Penns Woods Bancorp by 19.2% in the 3rd quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock valued at $353,000 after buying an additional 2,398 shares during the period. Geode Capital Management LLC raised its stake in shares of Penns Woods Bancorp by 6.2% in the 3rd 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 during the period. GSA Capital Partners LLP acquired a new position in shares of Penns Woods Bancorp in the 3rd quarter worth approximately $486,000. JPMorgan Chase & Co. boosted its position in shares of Penns Woods Bancorp by 471.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,680 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 6,337 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Penns Woods Bancorp by 217.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,499 shares of the financial services provider’s stock valued at $821,000 after purchasing an additional 23,620 shares during the last quarter. Institutional investors and hedge funds 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.