Penns Woods Bancorp (NASDAQ:PWOD) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Penns Woods Bancorp (NASDAQ:PWOD) from a hold rating to a buy rating in a research note issued to investors on Friday.

Penns Woods Bancorp Stock Performance

Penns Woods Bancorp stock traded up $0.10 during midday trading on Friday, hitting $27.10. The company’s stock had a trading volume of 19,381 shares, compared to its average volume of 25,557. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.10 and a quick ratio of 1.09. The company has a market cap of $204.33 million, a price-to-earnings ratio of 10.27 and a beta of 0.44. Penns Woods Bancorp has a 1-year low of $17.01 and a 1-year high of $28.40. The company has a 50-day moving average price of $24.26 and a two-hundred day moving average price of $21.92.

Penns Woods Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, September 10th. This represents a $1.28 dividend on an annualized basis and a yield of 4.72%. Penns Woods Bancorp’s dividend payout ratio (DPR) is presently 48.49%.

Institutional Trading of Penns Woods Bancorp

Institutional investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Penns Woods Bancorp by 217.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,499 shares of the financial services provider’s stock worth $821,000 after purchasing an additional 23,620 shares during the period. Empowered Funds LLC increased its holdings in Penns Woods Bancorp by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 27,260 shares of the financial services provider’s stock valued at $648,000 after buying an additional 1,340 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Penns Woods Bancorp in the 3rd quarter valued at approximately $486,000. Cubist Systematic Strategies LLC bought a new stake in shares of Penns Woods Bancorp during the 2nd quarter worth approximately $39,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Penns Woods Bancorp during the 2nd quarter worth approximately $223,000. 27.94% of the stock is currently owned by institutional investors.

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.