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

StockNews.com assumed coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD) in a report published on Tuesday. The firm issued a hold rating on the financial services provider’s stock.

Penns Woods Bancorp Price Performance

Shares of PWOD opened at $30.50 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The stock has a market cap of $229.97 million, a PE ratio of 11.55 and a beta of 0.48. Penns Woods Bancorp has a 12-month low of $17.01 and a 12-month high of $34.56. The business has a 50-day simple moving average of $31.24 and a two-hundred day simple moving average of $26.59.

Penns Woods Bancorp (NASDAQ:PWOD) last released its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter. Penns Woods Bancorp had a return on equity of 9.95% and a net margin of 16.79%.

Penns Woods Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Tuesday, December 10th were paid a $0.32 dividend. The ex-dividend date was Tuesday, December 10th. This represents a $1.28 annualized dividend and a dividend yield of 4.20%. Penns Woods Bancorp’s dividend payout ratio is 48.49%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. ABC Arbitrage SA acquired a new stake in shares of Penns Woods Bancorp in the fourth quarter valued at about $369,000. Empowered Funds LLC increased its position in Penns Woods Bancorp by 4.9% during the 4th quarter. Empowered Funds LLC now owns 28,602 shares of the financial services provider’s stock valued at $869,000 after purchasing an additional 1,342 shares during the period. JPMorgan Chase & Co. raised its holdings in 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. Barclays PLC lifted its position in shares of Penns Woods Bancorp by 19.2% in the 3rd quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock worth $353,000 after purchasing an additional 2,398 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Penns Woods Bancorp by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 77,828 shares of the financial services provider’s stock valued at $1,852,000 after purchasing an additional 4,511 shares during the last quarter. 27.94% of the stock is 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.