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 released on Friday. The brokerage issued a hold rating on the financial services provider’s stock.

Penns Woods Bancorp Price Performance

Shares of NASDAQ PWOD opened at $30.39 on Friday. The company has a market capitalization of $229.26 million, a PE ratio of 11.51 and a beta of 0.48. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The stock’s 50 day moving average price is $30.00 and its 200-day moving average price is $24.95. Penns Woods Bancorp has a twelve month low of $17.01 and a twelve month high of $34.56.

Penns Woods Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date was Tuesday, December 10th. Penns Woods Bancorp’s payout ratio is 48.48%.

Institutional Investors Weigh In On Penns Woods Bancorp

Large investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its position in Penns Woods Bancorp by 6.2% in the third quarter. Geode Capital Management LLC now owns 77,828 shares of the financial services provider’s stock worth $1,852,000 after buying an additional 4,511 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Penns Woods Bancorp by 1.8% in the second quarter. Commonwealth Equity Services LLC now owns 48,068 shares of the financial services provider’s stock worth $988,000 after acquiring an additional 869 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Penns Woods Bancorp by 217.1% during the 3rd 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 in the last quarter. Empowered Funds LLC increased its holdings in 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 acquiring an additional 1,340 shares during the period. Finally, RBF Capital LLC raised its position 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 worth $615,000 after buying an additional 7,356 shares in the last quarter. Hedge funds and other institutional investors 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.