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

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

Penns Woods Bancorp Stock Performance

PWOD opened at $31.19 on Wednesday. The firm’s 50-day moving average price is $31.22 and its 200-day moving average price is $26.82. The company has a market cap of $235.17 million, a P/E ratio of 13.22 and a beta of 0.47. 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 posted its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter. Penns Woods Bancorp had a net margin of 14.87% and a return on equity of 9.26%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Empowered Funds LLC boosted its position in Penns Woods Bancorp by 5.2% in the third quarter. Empowered Funds LLC now owns 27,260 shares of the financial services provider’s stock valued at $648,000 after buying an additional 1,340 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Penns Woods Bancorp during the 2nd quarter valued at approximately $39,000. Barclays PLC boosted its holdings in shares of Penns Woods Bancorp by 19.2% in the 3rd 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 boosted its holdings in shares of Penns Woods Bancorp by 6.2% in the 3rd quarter. Geode Capital Management LLC now owns 77,828 shares of the financial services provider’s stock valued at $1,852,000 after acquiring an additional 4,511 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of 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 worth $183,000 after acquiring an additional 6,337 shares during the period. 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.