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

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

Penns Woods Bancorp Stock Performance

Shares of Penns Woods Bancorp stock opened at $31.40 on Wednesday. The company has a market capitalization of $236.76 million, a PE ratio of 13.31 and a beta of 0.47. 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 company has a 50-day simple moving average of $31.20 and a two-hundred day simple moving average of $26.95. Penns Woods Bancorp has a one year low of $17.01 and a one year high of $34.56.

Penns Woods Bancorp (NASDAQ:PWOD) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.57 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 firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend 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 payout ratio is 54.24%.

Institutional Investors Weigh In On Penns Woods Bancorp

A number of large investors have recently modified their holdings of the business. Cubist Systematic Strategies LLC purchased a new stake in Penns Woods Bancorp in the second quarter valued at approximately $39,000. JPMorgan Chase & Co. boosted 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 valued at $183,000 after buying an additional 6,337 shares during the last quarter. Zullo Investment Group Inc. purchased a new stake in Penns Woods Bancorp in the fourth quarter valued at approximately $207,000. Barclays PLC boosted 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 valued at $353,000 after buying an additional 2,398 shares during the last quarter. Finally, ABC Arbitrage SA purchased a new stake in Penns Woods Bancorp in the fourth quarter valued at approximately $369,000. 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.