Penns Woods Bancorp (NASDAQ:PWOD) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Penns Woods Bancorp (NASDAQ:PWOD) from a buy rating to a hold rating in a research report report published on Saturday morning.

Penns Woods Bancorp Stock Up 2.1 %

NASDAQ:PWOD opened at $30.53 on Friday. The stock has a 50 day moving average of $25.39 and a 200-day moving average of $22.56. The firm has a market capitalization of $230.20 million, a PE ratio of 11.56 and a beta of 0.44. 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 52 week low of $17.01 and a 52 week high of $30.55.

Penns Woods Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 24th. Stockholders of record on Tuesday, September 10th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date was Tuesday, September 10th. Penns Woods Bancorp’s dividend payout ratio (DPR) is 48.49%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Barclays PLC lifted its position in shares of Penns Woods Bancorp by 19.2% during 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 raised its position in shares of Penns Woods Bancorp by 6.2% during the third quarter. Geode Capital Management LLC now owns 77,828 shares of the financial services provider’s stock worth $1,852,000 after purchasing an additional 4,511 shares during the period. RBF Capital LLC raised its position in shares of Penns Woods Bancorp by 39.8% during the third quarter. RBF Capital LLC now owns 25,847 shares of the financial services provider’s stock worth $615,000 after purchasing an additional 7,356 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings 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 valued at $821,000 after purchasing an additional 23,620 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Penns Woods Bancorp by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 27,260 shares of the financial services provider’s stock valued at $648,000 after purchasing an additional 1,340 shares during the period. Institutional investors and hedge funds own 27.94% of the company’s stock.

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.