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

StockNews.com initiated coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD) in a research report sent to investors on Saturday. The brokerage issued a hold rating on the financial services provider’s stock.

Penns Woods Bancorp Price Performance

NASDAQ:PWOD opened at $30.58 on Friday. The firm’s fifty day moving average is $30.58 and its two-hundred day moving average is $25.41. The firm has a market cap of $230.70 million, a price-to-earnings ratio of 11.58 and a beta of 0.48. Penns Woods Bancorp has a one year low of $17.01 and a one year 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.

Penns Woods Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Tuesday, December 10th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.19%. The ex-dividend date was Tuesday, December 10th. Penns Woods Bancorp’s dividend payout ratio is currently 48.48%.

Institutional Investors Weigh In On Penns Woods Bancorp

Several hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in shares of Penns Woods Bancorp by 471.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,680 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 6,337 shares during the period. Barclays PLC increased its holdings in Penns Woods Bancorp by 19.2% in the third quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock valued at $353,000 after buying an additional 2,398 shares in the last quarter. Geode Capital Management LLC raised its position in shares of 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 worth $1,852,000 after acquiring an additional 4,511 shares during the period. RBF Capital LLC boosted its stake in shares of Penns Woods Bancorp by 39.8% during the 3rd quarter. RBF Capital LLC now owns 25,847 shares of the financial services provider’s stock worth $615,000 after acquiring an additional 7,356 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Penns Woods Bancorp by 217.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,499 shares of the financial services provider’s stock valued at $821,000 after acquiring an additional 23,620 shares during the period. Hedge funds and other 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.