Penns Woods Bancorp (NASDAQ:PWOD) Now Covered by Analysts at StockNews.com

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

Penns Woods Bancorp Stock Down 2.7 %

Shares of PWOD stock opened at $29.65 on Friday. The stock has a market cap of $223.56 million, a P/E ratio of 12.56 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. The stock has a fifty day moving average price of $30.70 and a 200 day moving average price of $27.51. Penns Woods Bancorp has a one year low of $17.01 and a one year high of $34.56.

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

Penns Woods Bancorp Dividend Announcement

The business 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 was Tuesday, December 10th. This represents a $1.28 annualized dividend and a dividend yield of 4.32%. Penns Woods Bancorp’s dividend payout ratio is currently 54.24%.

Hedge Funds Weigh In On Penns Woods Bancorp

A number of hedge funds have recently modified their holdings of PWOD. GSA Capital Partners LLP bought a new stake in Penns Woods Bancorp in the third quarter valued at $486,000. Empowered Funds LLC grew its holdings in shares of Penns Woods Bancorp by 5.2% in 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 last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Penns Woods Bancorp by 217.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,499 shares of the financial services provider’s stock worth $821,000 after purchasing an additional 23,620 shares during the last quarter. RBF Capital LLC increased its position in shares of Penns Woods Bancorp by 39.8% during the 3rd quarter. RBF Capital LLC now owns 25,847 shares of the financial services provider’s stock worth $615,000 after purchasing an additional 7,356 shares in the last quarter. Finally, Barclays PLC lifted its holdings in Penns Woods Bancorp by 19.2% during the 3rd quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 2,398 shares during 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.