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

StockNews.com started coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD) in a research note released on Sunday. The firm issued a hold rating on the financial services provider’s stock.

Penns Woods Bancorp Price Performance

PWOD stock opened at $29.93 on Friday. Penns Woods Bancorp has a 52 week low of $17.01 and a 52 week high of $34.56. The firm has a market capitalization of $225.79 million, a P/E ratio of 11.34 and a beta of 0.48. The company has a fifty day simple moving average of $30.82 and a two-hundred day simple moving average of $25.73. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24.

Penns Woods Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th were paid a dividend of $0.32 per share. The ex-dividend date was Tuesday, December 10th. This represents a $1.28 annualized dividend and a yield of 4.28%. Penns Woods Bancorp’s payout ratio is currently 48.48%.

Institutional Trading of Penns Woods Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of PWOD. Connor Clark & Lunn Investment Management Ltd. increased its position in 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 acquiring an additional 23,620 shares during the last quarter. GSA Capital Partners LLP purchased a new position in shares of Penns Woods Bancorp during the 3rd quarter worth about $486,000. Squarepoint Ops LLC bought a new position in Penns Woods Bancorp during the 2nd quarter valued at about $390,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Penns Woods Bancorp in the 2nd quarter worth about $223,000. Finally, Hsbc Holdings PLC bought a new stake in Penns Woods Bancorp in the second quarter worth about $205,000. 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.