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

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

Penns Woods Bancorp Stock Performance

NASDAQ PWOD opened at $30.67 on Monday. The stock has a market capitalization of $231.25 million, a price-to-earnings ratio of 11.62 and a beta of 0.48. Penns Woods Bancorp has a twelve month low of $17.01 and a twelve month high of $34.56. The stock has a 50-day moving average of $31.12 and a 200 day moving average of $26.09. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend was Tuesday, December 10th. Penns Woods Bancorp’s dividend payout ratio is presently 48.49%.

Institutional Trading of Penns Woods Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC lifted its holdings in Penns Woods Bancorp by 19.2% in the third quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock valued at $353,000 after acquiring an additional 2,398 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of 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 worth $1,852,000 after acquiring an additional 4,511 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Penns Woods Bancorp in the 3rd quarter valued at about $486,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Penns Woods Bancorp by 217.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,499 shares of the financial services provider’s stock worth $821,000 after purchasing an additional 23,620 shares in the last quarter. Finally, Empowered Funds LLC raised its position in shares of Penns Woods Bancorp by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 27,260 shares of the financial services provider’s stock worth $648,000 after acquiring an additional 1,340 shares in 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.