Penns Woods Bancorp (NASDAQ:PWOD) Downgraded to Hold Rating by StockNews.com

StockNews.com downgraded shares of Penns Woods Bancorp (NASDAQ:PWOD) from a buy rating to a hold rating in a research note published on Monday morning.

Penns Woods Bancorp Trading Up 0.8 %

NASDAQ:PWOD opened at $31.77 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 1-year low of $17.01 and a 1-year high of $31.98. The firm has a market capitalization of $239.55 million, a price-to-earnings ratio of 12.03 and a beta of 0.44. The business’s 50-day moving average price is $26.28 and its two-hundred day moving average price is $22.97.

Penns Woods Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.32 per share. The ex-dividend date is Tuesday, December 10th. This represents a $1.28 annualized dividend and a dividend yield of 4.03%. Penns Woods Bancorp’s dividend payout ratio is currently 48.49%.

Institutional Investors Weigh In On Penns Woods Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of Penns Woods Bancorp by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 336,829 shares of the financial services provider’s stock worth $6,538,000 after purchasing an additional 6,992 shares during the last quarter. Geode Capital Management LLC grew its holdings in Penns Woods Bancorp by 6.2% during the third quarter. Geode Capital Management LLC now owns 77,828 shares of the financial services provider’s stock worth $1,852,000 after purchasing an additional 4,511 shares during the period. Commonwealth Equity Services LLC increased its position in Penns Woods Bancorp by 1.8% during the second quarter. Commonwealth Equity Services LLC now owns 48,068 shares of the financial services provider’s stock worth $988,000 after buying an additional 869 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Penns Woods Bancorp by 217.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,499 shares of the financial services provider’s stock valued at $821,000 after buying an additional 23,620 shares during the period. Finally, Empowered Funds LLC lifted its position in shares of Penns Woods Bancorp by 5.2% in the third quarter. Empowered Funds LLC now owns 27,260 shares of the financial services provider’s stock valued at $648,000 after buying an additional 1,340 shares during the last quarter. 27.94% of the stock is owned by institutional investors.

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.