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

StockNews.com started coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD) in a research report report published on Thursday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Penns Woods Bancorp Price Performance

PWOD stock opened at $25.53 on Thursday. Penns Woods Bancorp has a 1 year low of $17.01 and a 1 year high of $34.56. The firm has a market capitalization of $194.36 million, a PE ratio of 10.82 and a beta of 0.36. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The business has a 50 day simple moving average of $29.02 and a 200-day simple moving average of $29.01.

Penns Woods Bancorp (NASDAQ:PWOD) last issued its 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 return on equity of 9.26% and a net margin of 14.87%.

Penns Woods Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders 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 annualized dividend and a yield of 5.01%. Penns Woods Bancorp’s payout ratio is 54.24%.

Institutional Trading of Penns Woods Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the company. Merit Financial Group LLC lifted its holdings in Penns Woods Bancorp by 221.5% in the first quarter. Merit Financial Group LLC now owns 41,897 shares of the financial services provider’s stock valued at $1,169,000 after acquiring an additional 28,865 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in Penns Woods Bancorp by 4.6% in the fourth 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. OMERS ADMINISTRATION Corp acquired a new position in shares of Penns Woods Bancorp in the 4th quarter valued at $219,000. Bridgeway Capital Management LLC lifted its stake in shares of Penns Woods Bancorp by 1.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 75,847 shares of the financial services provider’s stock valued at $2,305,000 after purchasing an additional 892 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Penns Woods Bancorp by 124.3% during the 4th quarter. Bank of America Corp DE now owns 13,590 shares of the financial services provider’s stock worth $413,000 after purchasing an additional 7,531 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.