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

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

Penns Woods Bancorp Stock Up 0.0 %

Shares of NASDAQ PWOD opened at $26.39 on Friday. The firm’s 50-day moving average is $28.37 and its two-hundred day moving average is $29.07. The company has a market capitalization of $200.91 million, a PE ratio of 11.18 and a beta of 0.36. Penns Woods Bancorp has a 12-month low of $17.01 and a 12-month high of $34.56. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09.

Penns Woods Bancorp (NASDAQ:PWOD) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $0.57 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%.

Penns Woods Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.28 annualized dividend and a dividend yield of 4.85%. Penns Woods Bancorp’s dividend payout ratio is currently 54.24%.

Hedge Funds Weigh In On Penns Woods Bancorp

Several institutional investors and hedge funds have recently modified their holdings of PWOD. Barclays PLC increased its stake 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 valued at $353,000 after purchasing an additional 2,398 shares during the last quarter. Geode Capital Management LLC lifted its position in Penns Woods Bancorp by 6.2% during the 3rd quarter. Geode Capital Management LLC now owns 77,828 shares of the financial services provider’s stock worth $1,852,000 after acquiring an additional 4,511 shares in the last quarter. JPMorgan Chase & Co. boosted its stake 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 valued at $183,000 after purchasing an additional 6,337 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in Penns Woods Bancorp by 9.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,822 shares of the financial services provider’s stock valued at $1,149,000 after buying an additional 3,323 shares during the last quarter. Finally, ABC Arbitrage SA purchased a new position in Penns Woods Bancorp in the fourth quarter valued at about $369,000. 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.