Penns Woods Bancorp (NASDAQ:PWOD) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD) in a research report issued on Sunday. The firm set a “hold” rating on the financial services provider’s stock.

Penns Woods Bancorp Trading Down 3.0 %

Penns Woods Bancorp stock opened at $29.03 on Friday. The stock has a market cap of $219.00 million, a P/E ratio of 11.00 and a beta of 0.48. Penns Woods Bancorp has a fifty-two week low of $17.01 and a fifty-two week high of $34.56. The firm’s fifty day moving average price is $30.77 and its 200-day moving average price is $25.64. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Barclays PLC increased its holdings in shares of Penns Woods Bancorp by 19.2% in the third quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock worth $353,000 after purchasing an additional 2,398 shares during the period. GSA Capital Partners LLP bought a new position in Penns Woods Bancorp in the third quarter valued at $486,000. Geode Capital Management LLC increased its stake 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 acquiring an additional 4,511 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Penns Woods Bancorp by 217.1% in the third 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 during the last quarter. Finally, Empowered Funds LLC increased its stake in Penns Woods Bancorp by 5.2% in the third quarter. Empowered Funds LLC now owns 27,260 shares of the financial services provider’s stock valued at $648,000 after acquiring 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.