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

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

Penns Woods Bancorp Stock Down 2.7 %

Shares of Penns Woods Bancorp stock opened at $29.65 on Friday. Penns Woods Bancorp has a 12-month low of $17.01 and a 12-month high of $34.56. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The stock has a 50 day moving average price of $30.70 and a two-hundred day moving average price of $27.51. The stock has a market capitalization of $223.56 million, a P/E ratio of 12.56 and a beta of 0.47.

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

Penns Woods Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were paid a $0.32 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.32%. Penns Woods Bancorp’s payout ratio is presently 54.24%.

Hedge Funds Weigh In On Penns Woods Bancorp

Several large investors have recently made changes to their positions in PWOD. Dimensional Fund Advisors LP increased its position in Penns Woods Bancorp by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 275,989 shares of the financial services provider’s stock worth $8,387,000 after buying an additional 6,269 shares during the period. Truffle Hound Capital LLC bought a new position in Penns Woods Bancorp during the fourth quarter worth $6,078,000. Susquehanna International Group LLP raised its stake in Penns Woods Bancorp by 236.6% during the 4th quarter. Susquehanna International Group LLP now owns 93,873 shares of the financial services provider’s stock valued at $2,853,000 after purchasing an additional 65,985 shares during the last quarter. Geode Capital Management LLC boosted its holdings in 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 purchasing an additional 4,511 shares during the period. Finally, Bridgeway Capital Management LLC grew its position in Penns Woods Bancorp by 1.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 75,847 shares of the financial services provider’s stock worth $2,305,000 after purchasing an additional 892 shares during the last quarter. Institutional investors and hedge funds own 27.94% of the company’s stock.

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.