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

Equities researchers at StockNews.com initiated coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the financial services provider’s stock.

Penns Woods Bancorp Stock Down 1.4 %

Penns Woods Bancorp stock opened at $28.23 on Friday. Penns Woods Bancorp has a twelve month low of $17.01 and a twelve month high of $34.56. 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 firm has a market cap of $214.91 million, a PE ratio of 11.96 and a beta of 0.46. The firm’s 50 day moving average price is $30.41 and its two-hundred day moving average price is $28.11.

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

Hedge Funds Weigh In On Penns Woods Bancorp

A number of hedge funds have recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its position in Penns Woods Bancorp by 50.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,351 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 451 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in 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 worth $183,000 after purchasing an additional 6,337 shares in the last quarter. Zullo Investment Group Inc. acquired a new position in Penns Woods Bancorp during the fourth quarter worth $207,000. OMERS ADMINISTRATION Corp bought a new position in Penns Woods Bancorp during the fourth quarter valued at about $219,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its holdings in Penns Woods Bancorp by 4.6% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,797 shares of the financial services provider’s stock valued at $237,000 after buying an additional 343 shares in 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.