Penns Woods Bancorp (NASDAQ:PWOD) Earns Hold Rating from Analysts at StockNews.com

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

Penns Woods Bancorp Stock Down 1.3 %

PWOD opened at $30.33 on Tuesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a fifty day moving average of $31.22 and a 200-day moving average of $26.54. Penns Woods Bancorp has a fifty-two week low of $17.01 and a fifty-two week high of $34.56. The company has a market capitalization of $228.69 million, a P/E ratio of 11.49 and a beta of 0.48.

Penns Woods Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.22%. Penns Woods Bancorp’s payout ratio is presently 48.49%.

Institutional Investors Weigh In On Penns Woods Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the business. Empowered Funds LLC grew its position in Penns Woods Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 27,260 shares of the financial services provider’s stock worth $648,000 after buying an additional 1,340 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Penns Woods Bancorp during the 2nd quarter worth $39,000. Barclays PLC increased its position in shares of 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 purchasing an additional 2,398 shares during the period. Geode Capital Management LLC raised its stake in Penns Woods Bancorp by 6.2% in the third 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 in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Penns Woods Bancorp by 471.9% during the third quarter. JPMorgan Chase & Co. now owns 7,680 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 6,337 shares during the period. 27.94% of the stock is currently 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.