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

Investment analysts at StockNews.com began coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Penns Woods Bancorp Stock Down 0.1 %

NASDAQ:PWOD opened at $28.47 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. Penns Woods Bancorp has a twelve month low of $17.01 and a twelve month high of $34.56. The company has a market cap of $216.74 million, a PE ratio of 12.06 and a beta of 0.46. The company’s 50 day moving average is $29.95 and its two-hundred day moving average is $28.62.

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 net margin of 14.87% and a return on equity of 9.26%.

Institutional Investors Weigh In On Penns Woods Bancorp

A number of large investors have recently bought and sold shares of PWOD. Barclays PLC lifted its stake 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 acquiring an additional 2,398 shares during the period. Geode Capital Management LLC raised its holdings in shares of Penns Woods Bancorp by 6.2% during the third quarter. Geode Capital Management LLC now owns 77,828 shares of the financial services provider’s stock worth $1,852,000 after purchasing an additional 4,511 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Penns Woods Bancorp by 471.9% during the third quarter. JPMorgan Chase & Co. now owns 7,680 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 6,337 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted 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 purchasing an additional 23,620 shares during the period. Finally, ABC Arbitrage SA purchased a new stake in Penns Woods Bancorp in the fourth quarter valued at $369,000. Hedge funds and other institutional investors own 27.94% of the company’s stock.

Penns Woods Bancorp Company Profile

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.