Penns Woods Bancorp (NASDAQ:PWOD) Now Covered by Analysts at StockNews.com

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

Penns Woods Bancorp Stock Performance

PWOD stock opened at $29.93 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. Penns Woods Bancorp has a 12-month low of $17.01 and a 12-month high of $34.56. The stock has a market capitalization of $227.86 million, a PE ratio of 12.68 and a beta of 0.47. The stock’s 50 day simple moving average is $30.54 and its 200 day simple moving average is $27.88.

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

Penns Woods Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend is Tuesday, March 11th. Penns Woods Bancorp’s dividend payout ratio (DPR) is presently 54.24%.

Institutional Investors Weigh In On Penns Woods Bancorp

A number of hedge funds have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP bought a new stake in shares of Penns Woods Bancorp in the third quarter worth $486,000. Empowered Funds LLC boosted 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 purchasing an additional 1,340 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake 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 purchasing an additional 23,620 shares during the period. RBF Capital LLC grew 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 valued at $615,000 after purchasing an additional 7,356 shares during the period. Finally, Barclays PLC increased its position in shares of Penns Woods Bancorp by 19.2% during the 3rd quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 2,398 shares during the last quarter. 27.94% of the stock is currently owned by hedge funds and other 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.