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

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

Penns Woods Bancorp Stock Performance

Shares of PWOD stock opened at $28.21 on Wednesday. Penns Woods Bancorp has a 52 week low of $17.01 and a 52 week high of $34.56. The firm has a 50 day moving average of $29.71 and a two-hundred day moving average of $28.87. 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 has a market capitalization of $214.76 million, a PE ratio of 11.95 and a beta of 0.46.

Penns Woods Bancorp (NASDAQ:PWOD) last released its earnings results 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date of this dividend was Tuesday, March 11th. Penns Woods Bancorp’s dividend payout ratio is presently 54.24%.

Hedge Funds Weigh In On Penns Woods Bancorp

Institutional investors and hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN raised its stake in Penns Woods Bancorp by 50.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,351 shares of the financial services provider’s stock valued at $41,000 after buying an additional 451 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Penns Woods Bancorp by 471.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,680 shares of the financial services provider’s stock worth $183,000 after acquiring an additional 6,337 shares in the last quarter. Zullo Investment Group Inc. purchased a new stake in Penns Woods Bancorp during the fourth quarter worth approximately $207,000. OMERS ADMINISTRATION Corp acquired a new position in Penns Woods Bancorp in the fourth quarter valued at approximately $219,000. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings in Penns Woods Bancorp by 4.6% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,797 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 343 shares in the last quarter. Institutional investors and hedge funds 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.