Penns Woods Bancorp (NASDAQ:PWOD) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD - Free Report) in a research note issued to investors on Sunday morning. The firm issued a hold rating on the financial services provider's stock.

Penns Woods Bancorp Trading Down 2.3 %

Shares of Penns Woods Bancorp stock traded down $0.68 during trading on Friday, hitting $28.62. The stock had a trading volume of 18,554 shares, compared to its average volume of 15,085. The firm's fifty day simple moving average is $30.41 and its 200-day simple moving average is $28.07. The stock has a market cap of $217.88 million, a PE ratio of 12.13 and a beta of 0.46. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. Penns Woods Bancorp has a 12 month low of $17.01 and a 12 month high of $34.56.

Penns Woods Bancorp (NASDAQ:PWOD - Get Free Report) last announced its quarterly earnings data 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%.

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Penns Woods Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.28 dividend on an annualized basis and a yield of 4.47%. Penns Woods Bancorp's payout ratio is 54.24%.

Institutional Investors Weigh In On Penns Woods Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in Penns Woods Bancorp by 2.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 275,989 shares of the financial services provider's stock valued at $8,387,000 after purchasing an additional 6,269 shares during the period. Truffle Hound Capital LLC purchased a new position in Penns Woods Bancorp during the 4th quarter valued at about $6,078,000. Susquehanna International Group LLP increased its position in Penns Woods Bancorp by 236.6% during 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 purchasing an additional 65,985 shares during the period. Geode Capital Management LLC increased its position in Penns Woods Bancorp by 6.2% during the 3rd quarter. Geode Capital Management LLC now owns 77,828 shares of the financial services provider's stock valued at $1,852,000 after purchasing an additional 4,511 shares during the period. Finally, Bridgeway Capital Management LLC increased its position in Penns Woods Bancorp by 1.2% during 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 purchasing an additional 892 shares during the period. Institutional investors 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.