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

Investment analysts at StockNews.com assumed coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD) in a research note issued on Tuesday. The brokerage set a “hold” rating on the financial services provider’s stock.

Penns Woods Bancorp Stock Up 1.2 %

NASDAQ:PWOD opened at $30.69 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The stock’s fifty day moving average is $31.24 and its two-hundred day moving average is $26.57. Penns Woods Bancorp has a 52 week low of $17.01 and a 52 week high of $34.56. The stock has a market capitalization of $231.40 million, a price-to-earnings ratio of 11.63 and a beta of 0.48.

Penns Woods Bancorp (NASDAQ:PWOD) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.57 EPS for the quarter. Penns Woods Bancorp had a return on equity of 9.95% and a net margin of 16.79%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new position in Penns Woods Bancorp during the second quarter worth $39,000. JPMorgan Chase & Co. raised 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 valued at $183,000 after acquiring an additional 6,337 shares in the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Penns Woods Bancorp in the second quarter valued at $205,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Penns Woods Bancorp in the second quarter valued at $223,000. Finally, Barclays PLC raised its stake 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 valued at $353,000 after acquiring an additional 2,398 shares in the last quarter. 27.94% of the stock is currently owned by institutional investors and hedge funds.

Penns Woods Bancorp Company Profile

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.