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

Analysts at StockNews.com began coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD) in a report issued on Friday. The brokerage set a “hold” rating on the financial services provider’s stock.

Penns Woods Bancorp Trading Up 0.0 %

Shares of PWOD opened at $26.39 on Friday. Penns Woods Bancorp has a 1-year low of $17.01 and a 1-year high of $34.56. 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 firm has a 50 day simple moving average of $28.48 and a 200-day simple moving average of $29.05. The stock has a market cap of $200.91 million, a price-to-earnings ratio of 11.18 and a beta of 0.36.

Penns Woods Bancorp (NASDAQ:PWOD) last released 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 return on equity of 9.26% and a net margin of 14.87%.

Hedge Funds Weigh In On Penns Woods Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC grew its stake 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 acquiring an additional 2,398 shares during the period. Geode Capital Management LLC grew its position in shares of Penns Woods Bancorp by 6.2% in the third quarter. Geode Capital Management LLC now owns 77,828 shares of the financial services provider’s stock valued at $1,852,000 after purchasing an additional 4,511 shares during the period. JPMorgan Chase & Co. increased its stake in 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 purchasing an additional 6,337 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Penns Woods Bancorp by 9.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,822 shares of the financial services provider’s stock valued at $1,149,000 after purchasing an additional 3,323 shares during the last quarter. Finally, ABC Arbitrage SA purchased a new position in Penns Woods Bancorp during the fourth quarter worth about $369,000. 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.