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

StockNews.com started coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD) in a note issued to investors on Saturday. The brokerage set a “hold” rating on the financial services provider’s stock.

Penns Woods Bancorp Price Performance

Shares of NASDAQ PWOD opened at $30.06 on Friday. Penns Woods Bancorp has a fifty-two week low of $17.01 and a fifty-two week high of $34.56. The company has a market cap of $226.77 million, a PE ratio of 11.39 and a beta of 0.48. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The business has a 50-day simple moving average of $30.48 and a two-hundred day simple moving average of $25.34.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC purchased a new stake in shares of Penns Woods Bancorp during the second quarter valued at $39,000. JPMorgan Chase & Co. lifted its position in Penns Woods Bancorp by 471.9% during the 3rd 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. Hsbc Holdings PLC purchased a new stake in Penns Woods Bancorp during the 2nd quarter valued at about $205,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Penns Woods Bancorp in the second quarter valued at about $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 worth $353,000 after purchasing an additional 2,398 shares during the last quarter. Hedge funds and other institutional investors own 27.94% of the company’s stock.

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.