Penns Woods Bancorp (NASDAQ:PWOD) Research Coverage Started at StockNews.com

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

Penns Woods Bancorp Trading Down 1.6 %

PWOD stock opened at $31.40 on Wednesday. Penns Woods Bancorp has a 1-year low of $17.01 and a 1-year high of $34.56. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $236.76 million, a price-to-earnings ratio of 13.31 and a beta of 0.47. The business has a 50 day simple moving average of $31.20 and a two-hundred day simple moving average of $26.95.

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

Penns Woods Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were given a dividend of $0.32 per share. The ex-dividend date was Tuesday, December 10th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.08%. Penns Woods Bancorp’s dividend payout ratio is currently 54.24%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Empowered Funds LLC lifted its position in Penns Woods Bancorp by 5.2% in the third quarter. Empowered Funds LLC now owns 27,260 shares of the financial services provider’s stock worth $648,000 after buying an additional 1,340 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Penns Woods Bancorp in the second quarter worth $39,000. Barclays PLC lifted its position 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 worth $353,000 after buying an additional 2,398 shares during the last quarter. Geode Capital Management LLC lifted its position in 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 buying an additional 4,511 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Penns Woods Bancorp by 471.9% in the third quarter. JPMorgan Chase & Co. now owns 7,680 shares of the financial services provider’s stock worth $183,000 after buying an additional 6,337 shares during the last quarter. 27.94% of the stock is currently owned by institutional investors.

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.