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

StockNews.com initiated coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD) in a report released on Thursday 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 $31.30 on Thursday. The stock has a market cap of $236.13 million, a price-to-earnings ratio of 13.26 and a beta of 0.47. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. Penns Woods Bancorp has a 12 month low of $17.01 and a 12 month high of $34.56. The stock’s 50 day moving average price is $31.07 and its 200 day moving average price is $27.18.

Penns Woods Bancorp (NASDAQ:PWOD) last posted its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.57 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were paid a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.28 annualized dividend and a dividend yield of 4.09%. Penns Woods Bancorp’s dividend payout ratio is currently 54.24%.

Institutional Trading of Penns Woods Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its position in shares of 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 acquiring an additional 451 shares during the last quarter. Chicago Capital Management LLC acquired a new stake in shares of Penns Woods Bancorp during the fourth quarter worth $453,000. Intellus Advisors LLC purchased a new stake in shares of Penns Woods Bancorp during the fourth quarter valued at $321,000. Truffle Hound Capital LLC acquired a new position in shares of Penns Woods Bancorp in the 4th quarter valued at $6,078,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Penns Woods Bancorp by 9.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,822 shares of the financial services provider’s stock worth $1,149,000 after purchasing an additional 3,323 shares in the last quarter. 27.94% of the stock is owned by institutional investors and hedge funds.

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.