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

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

Penns Woods Bancorp Price Performance

NASDAQ:PWOD opened at $30.39 on Friday. Penns Woods Bancorp has a one year low of $17.01 and a one year high of $34.56. The stock has a market cap of $229.26 million, a PE ratio of 11.51 and a beta of 0.48. 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 50 day moving average price of $30.00 and a 200 day moving average price of $24.92.

Hedge Funds Weigh In On Penns Woods Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new position in shares of Penns Woods Bancorp in the 2nd quarter valued at $39,000. JPMorgan Chase & Co. raised its holdings in 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 buying an additional 6,337 shares during the period. Hsbc Holdings PLC acquired a new position in Penns Woods Bancorp in the second quarter valued at about $205,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Penns Woods Bancorp during the second quarter worth about $223,000. Finally, Barclays PLC increased its position in shares of Penns Woods Bancorp by 19.2% during the third quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock valued at $353,000 after acquiring an additional 2,398 shares during the last quarter. 27.94% of the stock is currently owned by institutional investors and hedge funds.

About Penns Woods Bancorp

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.