Penns Woods Bancorp (NASDAQ:PWOD) Downgraded to “Hold” Rating by StockNews.com

StockNews.com lowered shares of Penns Woods Bancorp (NASDAQ:PWOD) from a buy rating to a hold rating in a report issued on Monday.

Penns Woods Bancorp Price Performance

PWOD stock opened at $31.77 on Monday. The company has a market capitalization of $239.55 million, a PE ratio of 12.03 and a beta of 0.44. 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 is $26.47 and its two-hundred day moving average is $23.04. Penns Woods Bancorp has a 52-week low of $17.01 and a 52-week high of $31.98.

Penns Woods Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $1.28 dividend on an annualized basis and a yield of 4.03%. Penns Woods Bancorp’s dividend payout ratio (DPR) is 48.49%.

Institutional Investors Weigh In On Penns Woods Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cubist Systematic Strategies LLC acquired a new position in Penns Woods Bancorp in the second quarter worth about $39,000. Hsbc Holdings PLC bought a new stake in shares of Penns Woods Bancorp in the 2nd quarter valued at approximately $205,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Penns Woods Bancorp during the 2nd quarter valued at approximately $223,000. Barclays PLC lifted its stake in Penns Woods Bancorp by 19.2% during the third quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock worth $353,000 after purchasing an additional 2,398 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in Penns Woods Bancorp in the second quarter worth $390,000. 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.