Penns Woods Bancorp (NASDAQ:PWOD) Earns Hold Rating from Analysts at StockNews.com

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

Penns Woods Bancorp Stock Up 0.2 %

PWOD stock opened at $30.76 on Friday. 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 company’s 50-day moving average price is $29.89 and its 200 day moving average price is $24.84. Penns Woods Bancorp has a 52 week low of $17.01 and a 52 week high of $34.56. The company has a market cap of $232.05 million, a P/E ratio of 11.65 and a beta of 0.48.

Hedge Funds Weigh In On Penns Woods Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new position in Penns Woods Bancorp during the second quarter worth about $39,000. JPMorgan Chase & Co. raised its position in shares of Penns Woods Bancorp by 471.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,680 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 6,337 shares during the last quarter. Hsbc Holdings PLC acquired a new position in shares of Penns Woods Bancorp during the 2nd quarter worth approximately $205,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Penns Woods Bancorp in the 2nd quarter valued at approximately $223,000. Finally, Barclays PLC grew its holdings in 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 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.