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 report report published on Thursday. The brokerage issued a hold rating on the financial services provider’s stock.

Penns Woods Bancorp Price Performance

Shares of NASDAQ:PWOD opened at $31.30 on Thursday. 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 firm has a 50-day simple moving average of $31.07 and a 200 day simple moving average of $27.18. Penns Woods Bancorp has a fifty-two week low of $17.01 and a fifty-two week high of $34.56. The company has a market cap of $236.13 million, a PE ratio of 13.26 and a beta of 0.47.

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

Penns Woods Bancorp Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 4.09%. Penns Woods Bancorp’s dividend payout ratio is currently 54.24%.

Institutional Trading of Penns Woods Bancorp

Hedge funds have recently bought and sold shares of the company. Cubist Systematic Strategies LLC bought a new position in Penns Woods Bancorp in the 2nd quarter worth about $39,000. Wells Fargo & Company MN grew its holdings in Penns Woods Bancorp by 50.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,351 shares of the financial services provider’s stock worth $41,000 after buying an additional 451 shares in the last quarter. JPMorgan Chase & Co. increased its position in Penns Woods Bancorp by 471.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,680 shares of the financial services provider’s stock valued at $183,000 after acquiring an additional 6,337 shares during the period. Zullo Investment Group Inc. bought a new stake in Penns Woods Bancorp during the 4th quarter valued at $207,000. Finally, Intellus Advisors LLC acquired a new position in Penns Woods Bancorp during the 4th quarter worth $321,000. 27.94% of the stock is currently 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.