Penns Woods Bancorp (NASDAQ:PWOD) Coverage Initiated at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD) in a research note issued to investors on Sunday. The firm set a “hold” rating on the financial services provider’s stock.

Penns Woods Bancorp Price Performance

NASDAQ PWOD opened at $28.23 on Friday. Penns Woods Bancorp has a 1 year low of $17.01 and a 1 year high of $34.56. The company has a fifty day simple moving average of $30.41 and a 200 day simple moving average of $28.11. 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 cap of $214.91 million, a P/E ratio of 11.96 and a beta of 0.46.

Penns Woods Bancorp (NASDAQ:PWOD) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter. Penns Woods Bancorp had a net margin of 14.87% and a return on equity of 9.26%.

Institutional Investors Weigh In On Penns Woods Bancorp

Several hedge funds have recently modified their holdings of PWOD. GSA Capital Partners LLP bought a new position in Penns Woods Bancorp during the third quarter worth $486,000. Empowered Funds LLC increased its holdings in shares of Penns Woods Bancorp by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 27,260 shares of the financial services provider’s stock worth $648,000 after purchasing an additional 1,340 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Penns Woods Bancorp by 217.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,499 shares of the financial services provider’s stock valued at $821,000 after buying an additional 23,620 shares during the last quarter. RBF Capital LLC lifted its stake in shares of Penns Woods Bancorp by 39.8% in the third quarter. RBF Capital LLC now owns 25,847 shares of the financial services provider’s stock valued at $615,000 after buying an additional 7,356 shares during the period. Finally, Barclays PLC lifted its stake 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 buying an additional 2,398 shares during the period. 27.94% of the stock is 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.