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

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

Penns Woods Bancorp Price Performance

Shares of NASDAQ PWOD opened at $30.58 on Friday. 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 firm has a fifty day moving average of $30.58 and a 200 day moving average of $25.41. The firm has a market cap of $230.70 million, a PE ratio of 11.58 and a beta of 0.48. Penns Woods Bancorp has a one year low of $17.01 and a one year high of $34.56.

Penns Woods Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Tuesday, December 10th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.28 annualized dividend and a dividend yield of 4.19%. Penns Woods Bancorp’s dividend payout ratio (DPR) is presently 48.48%.

Institutional Investors Weigh In On Penns Woods Bancorp

Several institutional investors have recently bought and sold shares of PWOD. Commonwealth Equity Services LLC raised its holdings in shares of Penns Woods Bancorp by 1.8% during the second quarter. Commonwealth Equity Services LLC now owns 48,068 shares of the financial services provider’s stock valued at $988,000 after acquiring an additional 869 shares during the last quarter. Hsbc Holdings PLC acquired a new position in Penns Woods Bancorp in the 2nd quarter valued at $205,000. Cubist Systematic Strategies LLC acquired a new position in Penns Woods Bancorp in the 2nd quarter valued at $39,000. Squarepoint Ops LLC purchased a new position in Penns Woods Bancorp in the 2nd quarter valued at $390,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Penns Woods Bancorp during the 2nd quarter worth $223,000. 27.94% of the stock is currently owned by institutional investors and hedge funds.

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.