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

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

Penns Woods Bancorp Stock Performance

Shares of NASDAQ PWOD traded up $0.25 during midday trading on Friday, hitting $30.06. 37,486 shares of the company's stock traded hands, compared to its average volume of 36,993. The firm has a fifty day moving average of $30.48 and a 200 day moving average of $25.30. Penns Woods Bancorp has a 1 year low of $17.01 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 market capitalization of $226.77 million, a price-to-earnings ratio of 11.39 and a beta of 0.48.

Penns Woods Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date of this dividend was Tuesday, December 10th. Penns Woods Bancorp's payout ratio is 48.48%.

Institutional Trading of Penns Woods Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC lifted its position in shares of Penns Woods Bancorp by 1.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 48,068 shares of the financial services provider's stock valued at $988,000 after buying an additional 869 shares in the last quarter. Empowered Funds LLC raised its stake in Penns Woods Bancorp by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 27,260 shares of the financial services provider's stock worth $648,000 after acquiring an additional 1,340 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Penns Woods Bancorp during the second quarter valued at approximately $39,000. Barclays PLC boosted its position in shares of Penns Woods Bancorp by 19.2% in the third quarter. Barclays PLC now owns 14,880 shares of the financial services provider's stock worth $353,000 after purchasing an additional 2,398 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Penns Woods Bancorp by 6.2% in the third quarter. Geode Capital Management LLC now owns 77,828 shares of the financial services provider's stock worth $1,852,000 after purchasing an additional 4,511 shares in the last quarter. Hedge funds and other institutional investors own 27.94% of the company's stock.

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.