Penns Woods Bancorp (NASDAQ:PWOD) Coverage Initiated at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Penns Woods Bancorp (NASDAQ:PWODGet Free Report) in a report issued on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.

Penns Woods Bancorp Stock Performance

NASDAQ:PWOD opened at $30.72 on Monday. Penns Woods Bancorp has a 1 year low of $17.01 and a 1 year high of $34.56. The firm has a 50 day moving average of $31.14 and a 200-day moving average of $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. 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 (NASDAQ:PWODGet Free Report) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter. Penns Woods Bancorp had a net margin of 16.79% and a return on equity of 9.95%. The company had revenue of $30.61 million during the quarter.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Barclays PLC raised its position in Penns Woods Bancorp by 19.2% in the 3rd 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. Geode Capital Management LLC grew its holdings 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 acquiring an additional 4,511 shares during the period. GSA Capital Partners LLP acquired a new stake in Penns Woods Bancorp during the 3rd quarter worth $486,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Penns Woods Bancorp by 217.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,499 shares of the financial services provider’s stock worth $821,000 after acquiring an additional 23,620 shares during the period. Finally, Empowered Funds LLC grew its holdings 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 acquiring an additional 1,340 shares during the period. Institutional investors own 27.94% of the company’s stock.

Penns Woods Bancorp Company Profile

(Get Free Report)

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.

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