Penns Woods Bancorp (NASDAQ:PWOD) Coverage Initiated at StockNews.com

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

Penns Woods Bancorp Stock Performance

Shares of NASDAQ PWOD opened at $30.06 on Friday. The stock has a market cap of $226.77 million, a price-to-earnings ratio of 11.39 and a beta of 0.48. The stock’s 50-day moving average is $30.48 and its 200 day moving average is $25.26. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. Penns Woods Bancorp has a 1-year low of $17.01 and a 1-year high of $34.56.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Cubist Systematic Strategies LLC bought a new stake in shares of Penns Woods Bancorp in the 2nd quarter valued at about $39,000. JPMorgan Chase & Co. lifted its position in Penns Woods Bancorp by 471.9% in the third quarter. JPMorgan Chase & Co. now owns 7,680 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 6,337 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in shares of Penns Woods Bancorp during the second quarter valued at approximately $205,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Penns Woods Bancorp in the second quarter worth approximately $223,000. Finally, Barclays PLC grew 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 last quarter. 27.94% of the stock is owned by institutional investors.

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.