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

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

Penns Woods Bancorp Trading Down 0.0 %

NASDAQ:PWOD opened at $27.92 on Friday. Penns Woods Bancorp has a 1 year low of $17.04 and a 1 year high of $34.56. 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 stock has a fifty day moving average price of $27.98 and a two-hundred day moving average price of $29.17. The stock has a market capitalization of $212.55 million, a price-to-earnings ratio of 11.83 and a beta of 0.36.

Penns Woods Bancorp (NASDAQ:PWOD) last posted its quarterly earnings results on Friday, April 25th. The financial services provider reported $1.04 earnings per share for the quarter. Penns Woods Bancorp had a net margin of 14.87% and a return on equity of 9.26%.

Institutional Investors Weigh In On Penns Woods Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the company. Merit Financial Group LLC boosted its position in Penns Woods Bancorp by 221.5% during the first quarter. Merit Financial Group LLC now owns 41,897 shares of the financial services provider’s stock worth $1,169,000 after purchasing an additional 28,865 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Penns Woods Bancorp by 4.6% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,797 shares of the financial services provider’s stock worth $237,000 after buying an additional 343 shares during the last quarter. OMERS ADMINISTRATION Corp purchased a new stake in shares of Penns Woods Bancorp in the 4th quarter worth about $219,000. Bridgeway Capital Management LLC grew its stake in Penns Woods Bancorp by 1.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 75,847 shares of the financial services provider’s stock valued at $2,305,000 after acquiring an additional 892 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Penns Woods Bancorp by 124.3% in the 4th quarter. Bank of America Corp DE now owns 13,590 shares of the financial services provider’s stock valued at $413,000 after acquiring an additional 7,531 shares during the last quarter. 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.