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 Saturday. The brokerage issued a hold rating on the financial services provider’s stock.

Penns Woods Bancorp Price Performance

Shares of NASDAQ PWOD opened at $30.06 on Friday. 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 has a one year low of $17.01 and a one year high of $34.56. The firm has a market capitalization of $226.77 million, a P/E ratio of 11.39 and a beta of 0.48. The company’s fifty day moving average is $30.48 and its two-hundred day moving average is $25.30.

Penns Woods Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.26%. The ex-dividend date was Tuesday, December 10th. Penns Woods Bancorp’s dividend payout ratio (DPR) is 48.48%.

Hedge Funds Weigh In On Penns Woods Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in 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 last quarter. Commonwealth Equity Services LLC grew its stake in Penns Woods Bancorp by 1.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 48,068 shares of the financial services provider’s stock valued at $988,000 after acquiring an additional 869 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings 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 acquiring an additional 23,620 shares in the last quarter. Empowered Funds LLC raised its position in Penns Woods Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 27,260 shares of the financial services provider’s stock worth $648,000 after acquiring an additional 1,340 shares during the last quarter. Finally, RBF Capital LLC raised its position in Penns Woods Bancorp by 39.8% during the third quarter. RBF Capital LLC now owns 25,847 shares of the financial services provider’s stock worth $615,000 after acquiring an additional 7,356 shares during the last quarter. 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.