Penns Woods Bancorp (NASDAQ:PWOD) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD) in a research report released on Sunday morning. The firm issued a hold rating on the financial services provider’s stock.

Penns Woods Bancorp Stock Down 0.4 %

PWOD opened at $29.30 on Friday. Penns Woods Bancorp has a one year low of $18.12 and a one year high of $34.56. 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 stock’s fifty day moving average is $27.86 and its 200-day moving average is $29.42. The company has a market capitalization of $223.06 million, a PE ratio of 12.42 and a beta of 0.45.

Penns Woods Bancorp (NASDAQ:PWOD) last issued its quarterly earnings results on Friday, April 25th. The financial services provider reported $1.04 EPS for the quarter. The business had revenue of $18.71 million during 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 declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.37%. The ex-dividend date was Tuesday, March 11th. Penns Woods Bancorp’s dividend payout ratio is currently 45.71%.

Institutional Investors Weigh In On Penns Woods Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Truffle Hound Capital LLC purchased a new stake in shares of Penns Woods Bancorp during the 4th quarter worth about $6,078,000. Susquehanna International Group LLP lifted its stake in Penns Woods Bancorp by 236.6% in the fourth quarter. Susquehanna International Group LLP now owns 93,873 shares of the financial services provider’s stock valued at $2,853,000 after acquiring an additional 65,985 shares during the last quarter. Rhino Investment Partners Inc acquired a new stake in Penns Woods Bancorp in the fourth quarter valued at approximately $1,078,000. Jane Street Group LLC grew its position in Penns Woods Bancorp by 215.8% in the fourth quarter. Jane Street Group LLC now owns 47,270 shares of the financial services provider’s stock worth $1,437,000 after acquiring an additional 32,300 shares in the last quarter. Finally, Merit Financial Group LLC increased its stake in shares of Penns Woods Bancorp by 221.5% during the 1st quarter. Merit Financial Group LLC now owns 41,897 shares of the financial services provider’s stock worth $1,169,000 after purchasing an additional 28,865 shares during the last quarter. Hedge funds and other institutional investors own 27.94% of the company’s stock.

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.