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

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

Penns Woods Bancorp Stock Down 1.0 %

NASDAQ:PWOD opened at $28.49 on Tuesday. The stock has a 50-day simple moving average of $29.99 and a 200 day simple moving average of $28.63. Penns Woods Bancorp has a 52-week low of $17.01 and a 52-week high of $34.56. The company has a market cap of $216.89 million, a PE ratio of 12.07 and a beta of 0.46. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09.

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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.28 annualized dividend and a yield of 4.49%. Penns Woods Bancorp’s dividend payout ratio (DPR) is presently 54.24%.

Hedge Funds Weigh In On Penns Woods Bancorp

Several hedge funds have recently modified their holdings of PWOD. Wells Fargo & Company MN raised its holdings in Penns Woods Bancorp by 50.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,351 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 451 shares in the last quarter. Zullo Investment Group Inc. acquired a new position in shares of Penns Woods Bancorp during the 4th quarter worth approximately $207,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Penns Woods Bancorp during the 4th quarter worth approximately $219,000. JPMorgan Chase & Co. boosted its holdings in shares of Penns Woods Bancorp by 471.9% in the 3rd 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 during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. grew its stake in shares of Penns Woods Bancorp by 4.6% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,797 shares of the financial services provider’s stock valued at $237,000 after buying an additional 343 shares in the last quarter. 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.