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

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

Penns Woods Bancorp Trading Up 0.4 %

Shares of NASDAQ PWOD opened at $28.30 on Monday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $215.45 million, a P/E ratio of 11.99 and a beta of 0.46. Penns Woods Bancorp has a 1-year low of $17.01 and a 1-year high of $34.56. The business has a fifty day moving average price of $30.15 and a 200 day moving average price of $28.35.

Penns Woods Bancorp (NASDAQ:PWOD) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter. Penns Woods Bancorp had a return on equity of 9.26% and a net margin of 14.87%.

Penns Woods Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.52%. The ex-dividend date of this dividend is Tuesday, March 11th. Penns Woods Bancorp’s dividend payout ratio is currently 54.24%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PWOD. GSA Capital Partners LLP acquired a new position in Penns Woods Bancorp during the 3rd quarter valued at about $486,000. Empowered Funds LLC increased 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 valued at $648,000 after buying an additional 1,340 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of 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 purchasing an additional 23,620 shares during the period. RBF Capital LLC increased its holdings in shares of Penns Woods Bancorp by 39.8% in the third quarter. RBF Capital LLC now owns 25,847 shares of the financial services provider’s stock valued at $615,000 after purchasing an additional 7,356 shares during the period. Finally, Barclays PLC increased its holdings in shares of Penns Woods Bancorp by 19.2% in the third quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 2,398 shares during the period. 27.94% of the stock is owned by institutional investors and hedge funds.

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.