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

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

Penns Woods Bancorp Trading Up 0.2 %

PWOD opened at $30.72 on Monday. The stock has a market capitalization of $231.63 million, a P/E ratio of 11.64 and a beta of 0.48. Penns Woods Bancorp has a 12 month low of $17.01 and a 12 month high of $34.56. The firm’s fifty day simple moving average is $31.14 and its 200 day simple moving average is $26.17. 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 (NASDAQ:PWOD) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.63 EPS for the quarter. The business had revenue of $30.61 million for the quarter. Penns Woods Bancorp had a net margin of 16.79% and a return on equity of 9.95%.

Institutional Investors Weigh In On Penns Woods Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Empowered Funds LLC lifted its position in Penns Woods Bancorp by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 27,260 shares of the financial services provider’s stock worth $648,000 after buying an additional 1,340 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Penns Woods Bancorp during the 2nd quarter worth about $39,000. Barclays PLC lifted its position 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 worth $353,000 after buying an additional 2,398 shares in the last quarter. Geode Capital Management LLC lifted its position in Penns Woods Bancorp by 6.2% during the 3rd quarter. Geode Capital Management LLC now owns 77,828 shares of the financial services provider’s stock worth $1,852,000 after buying an additional 4,511 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Penns Woods Bancorp by 471.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,680 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 6,337 shares during the period. 27.94% of the stock is owned by institutional investors.

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.