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

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

Penns Woods Bancorp Stock Performance

Shares of PWOD stock opened at $30.39 on Friday. 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 has a one year low of $17.01 and a one year high of $34.56. The business’s 50 day simple moving average is $30.00 and its 200 day simple moving average is $24.95. The stock has a market capitalization of $229.26 million, a PE ratio of 11.51 and a beta of 0.48.

Penns Woods Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th were issued a dividend of $0.32 per share. The ex-dividend date was Tuesday, December 10th. This represents a $1.28 dividend on an annualized basis and a yield of 4.21%. Penns Woods Bancorp’s payout ratio is currently 48.48%.

Hedge Funds Weigh In On Penns Woods Bancorp

Institutional investors and hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC increased its stake in Penns Woods Bancorp by 1.8% in the second quarter. Commonwealth Equity Services LLC now owns 48,068 shares of the financial services provider’s stock valued at $988,000 after purchasing an additional 869 shares in the last quarter. Empowered Funds LLC grew its stake in 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 acquiring an additional 1,340 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Penns Woods Bancorp during the second quarter valued at approximately $39,000. Barclays PLC raised its position in shares of Penns Woods Bancorp by 19.2% during the third quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock worth $353,000 after purchasing an additional 2,398 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of 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. 27.94% of the stock is currently owned by institutional investors.

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.