StockNews.com Begins Coverage on Penns Woods Bancorp (NASDAQ:PWOD)

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

Penns Woods Bancorp Trading Down 0.2 %

NASDAQ PWOD opened at $28.25 on Monday. The stock has a market capitalization of $215.07 million, a price-to-earnings ratio of 11.97 and a beta of 0.46. The stock’s 50 day moving average price is $30.11 and its two-hundred day moving average price is $28.39. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. Penns Woods Bancorp has a 52 week low of $17.01 and a 52 week high of $34.56.

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

Institutional Investors Weigh In On Penns Woods Bancorp

Several institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in shares of Penns Woods Bancorp by 50.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,351 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 451 shares during the last quarter. Zullo Investment Group Inc. acquired a new position in shares of Penns Woods Bancorp during the 4th quarter worth approximately $207,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Penns Woods Bancorp during the 4th quarter worth approximately $219,000. JPMorgan Chase & Co. increased its position in shares of Penns Woods Bancorp by 471.9% during the 3rd 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 last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in shares of Penns Woods Bancorp by 4.6% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,797 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 343 shares during the last quarter. Institutional investors 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.