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

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

Penns Woods Bancorp Stock Up 1.6 %

Penns Woods Bancorp stock opened at $28.92 on Tuesday. The firm’s 50 day moving average price is $29.91 and its two-hundred day moving average price is $28.63. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. Penns Woods Bancorp has a twelve month low of $17.01 and a twelve month high of $34.56. The firm has a market cap of $220.17 million, a PE ratio of 12.25 and a beta of 0.46.

Penns Woods Bancorp (NASDAQ:PWOD) last announced its quarterly 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 return on equity of 9.26% and a net margin of 14.87%.

Penns Woods Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $1.28 dividend on an annualized basis and a yield of 4.43%. Penns Woods Bancorp’s payout ratio is currently 54.24%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PWOD. Truffle Hound Capital LLC bought a new position in Penns Woods Bancorp during the fourth quarter valued at about $6,078,000. Susquehanna International Group LLP increased its stake in Penns Woods Bancorp by 236.6% in the fourth 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. Rhino Investment Partners Inc bought a new position in Penns Woods Bancorp during the fourth quarter worth about $1,078,000. Jane Street Group LLC grew its stake 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. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Penns Woods Bancorp by 217.1% in 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 acquiring an additional 23,620 shares during the period. Institutional investors and hedge funds 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.