StockNews.com Downgrades Penns Woods Bancorp (NASDAQ:PWOD) to Hold

StockNews.com lowered shares of Penns Woods Bancorp (NASDAQ:PWOD) from a buy rating to a hold rating in a research report sent to investors on Monday.

Penns Woods Bancorp Trading Up 2.6 %

NASDAQ PWOD opened at $31.19 on Monday. Penns Woods Bancorp has a 1-year low of $17.01 and a 1-year high of $31.36. 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 50-day moving average of $26.09 and a 200-day moving average of $22.89. The firm has a market cap of $235.30 million, a PE ratio of 11.81 and a beta of 0.44.

Institutional Investors Weigh In On Penns Woods Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Penns Woods Bancorp by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 336,829 shares of the financial services provider’s stock valued at $6,538,000 after purchasing an additional 6,992 shares during the last quarter. Geode Capital Management LLC boosted its stake 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 valued at $1,852,000 after purchasing an additional 4,511 shares during the last quarter. Commonwealth Equity Services LLC boosted its stake in Penns Woods Bancorp by 1.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 48,068 shares of the financial services provider’s stock valued at $988,000 after purchasing an additional 869 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake 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 valued at $821,000 after purchasing an additional 23,620 shares during the last quarter. Finally, Empowered Funds LLC boosted its stake 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 purchasing an additional 1,340 shares during 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.