Penns Woods Bancorp (NASDAQ:PWOD) Research Coverage Started at Wall Street Zen

Wall Street Zen began coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD) in a research report report published on Tuesday morning. The firm issued a hold rating on the financial services provider’s stock.

Penns Woods Bancorp Stock Performance

NASDAQ PWOD opened at $29.49 on Tuesday. The company has a market capitalization of $224.54 million, a PE ratio of 12.50 and a beta of 0.45. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. Penns Woods Bancorp has a 52-week low of $18.91 and a 52-week high of $34.56. The company has a 50-day simple moving average of $28.14 and a 200 day simple moving average of $29.70.

Penns Woods Bancorp (NASDAQ:PWOD) last posted its quarterly earnings data on Friday, April 25th. The financial services provider reported $1.04 EPS for the quarter. Penns Woods Bancorp had a return on equity of 9.26% and a net margin of 14.87%. The business had revenue of $18.71 million for the quarter.

Penns Woods Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.34%. The ex-dividend date was Tuesday, March 11th. Penns Woods Bancorp’s dividend payout ratio (DPR) is currently 45.71%.

Institutional Investors Weigh In On Penns Woods Bancorp

Several institutional investors have recently added to or reduced their stakes in PWOD. JPMorgan Chase & Co. increased its stake in shares of 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 worth $183,000 after purchasing an additional 6,337 shares in the last quarter. Empowered Funds LLC boosted its holdings in Penns Woods Bancorp by 4.9% in the 4th quarter. Empowered Funds LLC now owns 28,602 shares of the financial services provider’s stock worth $869,000 after buying an additional 1,342 shares during the period. ABC Arbitrage SA purchased a new position in Penns Woods Bancorp in the 4th quarter valued at approximately $369,000. Zullo Investment Group Inc. bought a new stake in Penns Woods Bancorp during the 4th quarter valued at $207,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Penns Woods Bancorp by 9.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,822 shares of the financial services provider’s stock valued at $1,149,000 after acquiring an additional 3,323 shares during the period. 27.94% of the stock is owned by hedge funds and other 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.