StockNews.com Initiates Coverage on Penns Woods Bancorp (NASDAQ:PWOD)

StockNews.com began coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD) in a research note published on Wednesday. The brokerage issued a hold rating on the financial services provider’s stock.

Penns Woods Bancorp Trading Up 0.5 %

NASDAQ:PWOD opened at $28.21 on Wednesday. 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 stock’s 50 day simple moving average is $29.71 and its 200-day simple moving average is $28.87. Penns Woods Bancorp has a 12-month low of $17.01 and a 12-month high of $34.56. The firm has a market cap of $214.76 million, a P/E ratio of 11.95 and a beta of 0.46.

Penns Woods Bancorp (NASDAQ:PWOD) last announced its quarterly earnings data 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%.

Penns Woods Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date was Tuesday, March 11th. Penns Woods Bancorp’s dividend payout ratio is presently 54.24%.

Hedge Funds Weigh In On Penns Woods Bancorp

A number of large investors have recently modified their holdings of the business. Wells Fargo & Company MN grew its holdings in Penns Woods Bancorp by 50.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,351 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 451 shares during the period. Zullo Investment Group Inc. acquired a new position in shares of Penns Woods Bancorp during the 4th quarter worth $207,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Penns Woods Bancorp during the 4th quarter worth $219,000. JPMorgan Chase & Co. increased its holdings in shares of Penns Woods Bancorp by 471.9% in the 3rd 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 in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings in Penns Woods Bancorp by 4.6% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,797 shares of the financial services provider’s stock worth $237,000 after buying an additional 343 shares in the last quarter. 27.94% of the stock is owned by hedge funds and other 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.