Penns Woods Bancorp (NASDAQ:PWOD) Shares Cross Below Fifty Day Moving Average of $37.44

Penns Woods Bancorp, Inc. (NASDAQ:PWOD) shares passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $37.44 and traded as low as $30.00. Penns Woods Bancorp shares last traded at $30.00, with a volume of 1,700 shares.

Separately, ValuEngine upgraded Penns Woods Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.

The stock has a 50-day moving average price of $37.44 and a 200 day moving average price of $41.35. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $212.59 million, a price-to-earnings ratio of 12.51 and a beta of 0.62.

Institutional investors and hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its position in shares of Penns Woods Bancorp by 6.1% during the second quarter. Janney Montgomery Scott LLC now owns 13,240 shares of the financial services provider’s stock worth $599,000 after purchasing an additional 765 shares in the last quarter. Berkshire Asset Management LLC PA increased its position in shares of Penns Woods Bancorp by 0.9% during the second quarter. Berkshire Asset Management LLC PA now owns 24,653 shares of the financial services provider’s stock worth $1,116,000 after purchasing an additional 224 shares in the last quarter. Rhumbline Advisers increased its position in shares of Penns Woods Bancorp by 9.6% during the third quarter. Rhumbline Advisers now owns 7,173 shares of the financial services provider’s stock worth $332,000 after purchasing an additional 629 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Penns Woods Bancorp by 2.3% during the second quarter. Vanguard Group Inc. now owns 195,768 shares of the financial services provider’s stock worth $8,858,000 after purchasing an additional 4,358 shares in the last quarter. Finally, BlackRock Inc. increased its position in shares of Penns Woods Bancorp by 5.9% during the second quarter. BlackRock Inc. now owns 240,293 shares of the financial services provider’s stock worth $10,874,000 after purchasing an additional 13,390 shares in the last quarter. Institutional investors and hedge funds own 17.62% of the company’s stock.

About Penns Woods Bancorp (NASDAQ:PWOD)

Penns Woods Bancorp, Inc operates as the bank holding company for Jersey Shore State Bank and Luzerne Bank, which provides commercial and retail banking services to individuals, partnerships, non-profit organizations, and corporations. The company accepts time, demand, and savings deposits, including super NOW accounts, statement savings accounts, money market accounts, and certificates of deposit, as well as checking accounts and IRAs.

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