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

StockNews.com started coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD) in a research note released on Saturday morning. The firm issued a hold rating on the financial services provider’s stock.

Penns Woods Bancorp Stock Performance

Shares of PWOD stock opened at $30.56 on Friday. The company has a 50 day moving average price of $30.54 and a 200-day moving average price of $27.84. Penns Woods Bancorp has a 52 week low of $17.01 and a 52 week high of $34.56. The firm has a market capitalization of $232.65 million, a PE ratio of 12.95 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.

Penns Woods Bancorp (NASDAQ:PWOD) last announced its earnings results 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be given a dividend of $0.32 per share. The ex-dividend date is Tuesday, March 11th. This represents a $1.28 annualized dividend and a yield of 4.19%. Penns Woods Bancorp’s dividend payout ratio (DPR) is 54.24%.

Institutional Trading of Penns Woods Bancorp

Several large investors have recently added to or reduced their stakes in PWOD. Wells Fargo & Company MN grew its position 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 valued at $41,000 after buying an additional 451 shares during the period. JPMorgan Chase & Co. lifted its holdings in Penns Woods Bancorp by 471.9% during the third 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. Zullo Investment Group Inc. purchased a new position in Penns Woods Bancorp during the fourth quarter valued at approximately $207,000. OMERS ADMINISTRATION Corp purchased a new position in Penns Woods Bancorp during the fourth quarter valued at approximately $219,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted 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 valued at $237,000 after purchasing an additional 343 shares in the last quarter. 27.94% of the stock is currently owned by 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.