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

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

Penns Woods Bancorp Price Performance

Shares of NASDAQ PWOD opened at $29.65 on Friday. The stock has a market cap of $223.68 million, a P/E ratio of 12.56 and a beta of 0.47. Penns Woods Bancorp has a twelve month low of $17.01 and a twelve month high of $34.56. The stock has a 50 day moving average of $30.70 and a two-hundred day moving average of $27.59. 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 issued its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.57 earnings per share for the quarter. Penns Woods Bancorp had a net margin of 14.87% and a return on equity of 9.26%.

Penns Woods Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Tuesday, December 10th were paid a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.28 annualized dividend and a dividend yield of 4.32%. Penns Woods Bancorp’s dividend payout ratio (DPR) is currently 54.24%.

Institutional Investors Weigh In On Penns Woods Bancorp

Large investors have recently modified their holdings of the stock. Wells Fargo & Company MN increased its stake in Penns Woods Bancorp by 50.1% in the 4th 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 during the period. JPMorgan Chase & Co. boosted its stake in shares of Penns Woods Bancorp by 471.9% in the third quarter. JPMorgan Chase & Co. now owns 7,680 shares of the financial services provider’s stock valued at $183,000 after buying an additional 6,337 shares in the last quarter. Zullo Investment Group Inc. acquired a new position in shares of Penns Woods Bancorp during the 4th quarter worth $207,000. OMERS ADMINISTRATION Corp acquired a new position in Penns Woods Bancorp during the fourth quarter worth about $219,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Penns Woods Bancorp by 4.6% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,797 shares of the financial services provider’s stock worth $237,000 after acquiring an additional 343 shares during the period. Hedge funds and other 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.