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

StockNews.com assumed coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD) in a research report sent to investors on Tuesday. The brokerage issued a hold rating on the financial services provider’s stock.

Penns Woods Bancorp Stock Performance

NASDAQ:PWOD opened at $30.50 on Tuesday. The stock has a 50 day simple moving average of $31.24 and a 200 day simple moving average of $26.59. The stock has a market cap of $229.97 million, a P/E ratio of 11.55 and a beta of 0.48. Penns Woods Bancorp has a 1-year low of $17.01 and a 1-year 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.

Penns Woods Bancorp (NASDAQ:PWOD) last posted its earnings results on Wednesday, January 29th. The financial services provider reported $0.57 earnings per share for the quarter. Penns Woods Bancorp had a return on equity of 9.95% and a net margin of 16.79%.

Penns Woods Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were issued 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 4.20%. Penns Woods Bancorp’s dividend payout ratio is presently 48.49%.

Institutional Investors Weigh In On Penns Woods Bancorp

Institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC bought a new stake in shares of Penns Woods Bancorp during the 2nd quarter valued at $39,000. JPMorgan Chase & Co. grew its stake in Penns Woods Bancorp by 471.9% during the third quarter. JPMorgan Chase & Co. now owns 7,680 shares of the financial services provider’s stock worth $183,000 after buying an additional 6,337 shares in the last quarter. Hsbc Holdings PLC bought a new position in Penns Woods Bancorp in the 2nd quarter valued at about $205,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Penns Woods Bancorp in the 2nd quarter valued at approximately $223,000. Finally, Barclays PLC lifted its holdings in shares of Penns Woods Bancorp by 19.2% during the 3rd quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock worth $353,000 after acquiring an additional 2,398 shares during the period. 27.94% of the stock is currently owned by institutional investors.

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.