Penns Woods Bancorp (NASDAQ:PWOD) Lowered to Hold Rating by StockNews.com

Penns Woods Bancorp (NASDAQ:PWOD) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Penns Woods Bancorp Stock Performance

Shares of Penns Woods Bancorp stock opened at $29.87 on Friday. The business’s fifty day simple moving average is $25.02 and its 200-day simple moving average is $22.33. Penns Woods Bancorp has a 52 week low of $17.01 and a 52 week high of $30.19. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 1.30. The firm has a market cap of $225.22 million, a PE ratio of 11.31 and a beta of 0.44.

Hedge Funds Weigh In On Penns Woods Bancorp

Several hedge funds have recently bought and sold shares of PWOD. Connor Clark & Lunn Investment Management Ltd. lifted 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 worth $821,000 after acquiring an additional 23,620 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Penns Woods Bancorp during the 3rd quarter worth about $486,000. Squarepoint Ops LLC purchased a new stake in Penns Woods Bancorp during the 2nd quarter worth about $390,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Penns Woods Bancorp during the 2nd quarter worth about $223,000. Finally, Hsbc Holdings PLC purchased a new stake in Penns Woods Bancorp during the 2nd quarter worth about $205,000. Institutional investors and hedge funds 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.