Penns Woods Bancorp (NASDAQ:PWOD) Stock Rating Lowered by StockNews.com

Penns Woods Bancorp (NASDAQ:PWOD) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Penns Woods Bancorp Stock Down 0.6 %

PWOD stock opened at $29.87 on Friday. The company has a 50 day moving average price of $25.02 and a two-hundred day moving average price of $22.39. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.09 and a current ratio of 1.10. The stock has a market capitalization of $225.22 million, a P/E ratio of 11.31 and a beta of 0.44. Penns Woods Bancorp has a one year low of $17.01 and a one year high of $30.19.

Institutional Trading of Penns Woods Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PWOD. Cubist Systematic Strategies LLC purchased a new position in shares of Penns Woods Bancorp during the 2nd quarter worth about $39,000. BNP Paribas Financial Markets increased its position in Penns Woods Bancorp by 55.5% during the first quarter. BNP Paribas Financial Markets now owns 3,554 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 1,269 shares during the last quarter. Hsbc Holdings PLC purchased a new position in Penns Woods Bancorp during the second quarter worth approximately $205,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Penns Woods Bancorp in the 2nd quarter valued at $223,000. Finally, Barclays PLC grew its stake in shares of Penns Woods Bancorp by 19.2% during the 3rd quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock valued at $353,000 after buying an additional 2,398 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.