Penns Woods Bancorp (NASDAQ:PWOD) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Penns Woods Bancorp (NASDAQ:PWOD) from a buy rating to a hold rating in a report published on Saturday.

Penns Woods Bancorp Trading Up 0.1 %

Penns Woods Bancorp stock opened at $29.91 on Friday. Penns Woods Bancorp has a 12-month low of $17.01 and a 12-month high of $30.50. The stock has a market capitalization of $225.52 million, a PE ratio of 11.33 and a beta of 0.44. The firm has a 50 day simple moving average of $25.20 and a 200-day simple moving average of $22.47. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.10 and a quick ratio of 1.09.

Penns Woods Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were issued a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.28 annualized dividend and a dividend yield of 4.28%. Penns Woods Bancorp’s dividend payout ratio (DPR) is 48.49%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PWOD. Cubist Systematic Strategies LLC acquired a new stake in Penns Woods Bancorp in the 2nd quarter valued at about $39,000. BNP Paribas Financial Markets lifted its stake in Penns Woods Bancorp by 55.5% during the first quarter. BNP Paribas Financial Markets now owns 3,554 shares of the financial services provider’s stock valued at $69,000 after purchasing an additional 1,269 shares during the last quarter. Hsbc Holdings PLC bought a new stake in Penns Woods Bancorp during the second quarter worth approximately $205,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Penns Woods Bancorp during the second quarter worth approximately $223,000. Finally, Barclays PLC grew its position in Penns Woods Bancorp by 19.2% in the third 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 last quarter. 27.94% of the stock is owned by institutional investors and hedge funds.

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.