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

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

Penns Woods Bancorp Stock Down 1.3 %

Penns Woods Bancorp stock opened at $30.33 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 1-year low of $17.01 and a 1-year high of $34.56. The company has a fifty day simple moving average of $31.22 and a 200 day simple moving average of $26.54. The company has a market cap of $228.69 million, a P/E ratio of 11.49 and a beta of 0.48.

Penns Woods Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Tuesday, December 10th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.28 annualized dividend and a yield of 4.22%. Penns Woods Bancorp’s payout ratio is presently 48.49%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC boosted its holdings in shares of Penns Woods Bancorp by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 77,828 shares of the financial services provider’s stock valued at $1,852,000 after buying an additional 4,511 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Penns Woods Bancorp by 217.1% in 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 acquiring an additional 23,620 shares during the last quarter. Empowered Funds LLC grew its position in shares of Penns Woods Bancorp by 4.9% in the 4th quarter. Empowered Funds LLC now owns 28,602 shares of the financial services provider’s stock valued at $869,000 after acquiring an additional 1,342 shares during the period. RBF Capital LLC increased its stake 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 during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Penns Woods Bancorp in the 3rd quarter valued at about $486,000. 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.