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

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

Penns Woods Bancorp Price Performance

Shares of PWOD stock opened at $31.42 on Thursday. Penns Woods Bancorp has a 12-month low of $17.01 and a 12-month high of $34.56. The firm has a market capitalization of $236.91 million, a price-to-earnings ratio of 13.31 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. The firm has a fifty day moving average of $31.02 and a 200-day moving average of $27.23.

Penns Woods Bancorp (NASDAQ:PWOD) last announced its earnings results on Wednesday, January 29th. The financial services provider reported $0.57 earnings per share for the quarter. Penns Woods Bancorp had a net margin of 14.87% and a return on equity of 9.26%.

Hedge Funds Weigh In On Penns Woods Bancorp

A number of large investors have recently modified their holdings of the business. Rhino Investment Partners Inc acquired a new position in shares of Penns Woods Bancorp during the 4th quarter worth about $1,078,000. Jane Street Group LLC raised its holdings in shares of Penns Woods Bancorp by 215.8% in the 4th quarter. Jane Street Group LLC now owns 47,270 shares of the financial services provider’s stock valued at $1,437,000 after purchasing an additional 32,300 shares during the period. Evergreen Wealth Solutions LLC raised its holdings in Penns Woods Bancorp by 19.3% in the 4th quarter. Evergreen Wealth Solutions LLC now owns 17,298 shares of the financial services provider’s stock valued at $526,000 after acquiring an additional 2,794 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in Penns Woods Bancorp in the 4th quarter valued at about $421,000. Finally, Susquehanna International Group LLP raised its holdings in Penns Woods Bancorp by 236.6% in the 4th quarter. Susquehanna International Group LLP now owns 93,873 shares of the financial services provider’s stock valued at $2,853,000 after acquiring an additional 65,985 shares during the period. 27.94% of the stock is currently 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.