StockNews.com Initiates Coverage on Penns Woods Bancorp (NASDAQ:PWOD)

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

Penns Woods Bancorp Price Performance

Shares of NASDAQ PWOD opened at $29.96 on Monday. Penns Woods Bancorp has a twelve month low of $18.91 and a twelve month high of $34.56. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $228.09 million, a price-to-earnings ratio of 12.69 and a beta of 0.45. The business has a 50 day simple moving average of $27.90 and a 200-day simple moving average of $29.58.

Penns Woods Bancorp (NASDAQ:PWOD) last issued its quarterly earnings results on Friday, April 25th. The financial services provider reported $1.04 earnings per share 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 during the quarter.

Penns Woods Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Tuesday, March 11th were issued a $0.32 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.27%. Penns Woods Bancorp’s dividend payout ratio (DPR) is 45.71%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its position in Penns Woods Bancorp by 50.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,351 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 451 shares during the period. JPMorgan Chase & Co. boosted its position in Penns Woods Bancorp by 471.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,680 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 6,337 shares during the period. Zullo Investment Group Inc. acquired a new position in Penns Woods Bancorp during the 4th quarter valued at approximately $207,000. OMERS ADMINISTRATION Corp acquired a new position in Penns Woods Bancorp during the 4th quarter valued at approximately $219,000. Finally, Point72 Asia Singapore Pte. Ltd. boosted its position in Penns Woods Bancorp by 4.6% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,797 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 343 shares during the period. Institutional investors and hedge funds 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.