Penns Woods Bancorp (NASDAQ:PWOD) Lowered to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Penns Woods Bancorp (NASDAQ:PWOD) from a buy rating to a hold rating in a research report sent to investors on Saturday.

Penns Woods Bancorp Stock Performance

Penns Woods Bancorp stock opened at $29.87 on Friday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.09 and a current ratio of 1.10. Penns Woods Bancorp has a fifty-two week low of $17.01 and a fifty-two week high of $30.19. The stock has a fifty day moving average of $25.02 and a two-hundred day moving average of $22.37. The company has a market capitalization of $225.22 million, a price-to-earnings ratio of 11.31 and a beta of 0.44.

Penns Woods Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 24th. Shareholders of record on Tuesday, September 10th were issued a $0.32 dividend. The ex-dividend date was Tuesday, September 10th. This represents a $1.28 dividend on an annualized basis and a yield of 4.29%. Penns Woods Bancorp’s dividend payout ratio (DPR) is 48.49%.

Institutional Investors Weigh In On Penns Woods Bancorp

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC purchased a new position in shares of Penns Woods Bancorp during the second quarter valued at approximately $39,000. BNP Paribas Financial Markets lifted its stake in shares of Penns Woods Bancorp by 55.5% during the 1st quarter. BNP Paribas Financial Markets now owns 3,554 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 1,269 shares during the period. Hsbc Holdings PLC purchased a new position in shares of Penns Woods Bancorp during the 2nd quarter worth $205,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Penns Woods Bancorp during the second quarter worth $223,000. Finally, Barclays PLC grew its position in shares of Penns Woods Bancorp by 19.2% in the third quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 2,398 shares during the period. 27.94% of the stock is currently 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.