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

StockNews.com began coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD) in a research report report published on Monday morning. The brokerage issued a hold rating on the financial services provider’s stock.

Penns Woods Bancorp Stock Performance

Shares of Penns Woods Bancorp stock opened at $28.30 on Monday. The stock’s fifty day moving average is $30.15 and its two-hundred day moving average is $28.35. The company has a market capitalization of $215.45 million, a PE ratio of 11.99 and a beta of 0.46. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. Penns Woods Bancorp has a 52 week low of $17.01 and a 52 week high of $34.56.

Penns Woods Bancorp (NASDAQ:PWOD) last announced its quarterly earnings data on Wednesday, January 29th. The financial services provider reported $0.57 EPS for the quarter. Penns Woods Bancorp had a return on equity of 9.26% and a net margin of 14.87%.

Penns Woods Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.52%. The ex-dividend date is Tuesday, March 11th. 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 bought and sold shares of the business. Wells Fargo & Company MN lifted its holdings in shares of Penns Woods Bancorp by 50.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,351 shares of the financial services provider’s stock worth $41,000 after buying an additional 451 shares during the period. Zullo Investment Group Inc. purchased a new stake in shares of Penns Woods Bancorp in the 4th quarter worth $207,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Penns Woods Bancorp in the 4th quarter worth $219,000. JPMorgan Chase & Co. lifted 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 worth $183,000 after buying an additional 6,337 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Penns Woods Bancorp by 4.6% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,797 shares of the financial services provider’s stock worth $237,000 after buying an additional 343 shares during the period. 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.