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

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

Penns Woods Bancorp Trading Up 4.9 %

PWOD stock traded up $1.38 during mid-day trading on Friday, reaching $29.48. The company's stock had a trading volume of 32,783 shares, compared to its average volume of 24,924. Penns Woods Bancorp has a 12 month low of $17.04 and a 12 month high of $34.56. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The business's 50 day moving average price is $27.92 and its 200 day moving average price is $29.26. The company has a market cap of $224.43 million, a price-to-earnings ratio of 12.49 and a beta of 0.36.

Penns Woods Bancorp (NASDAQ:PWOD - Get Free Report) last released its earnings results on Friday, April 25th. The financial services provider reported $1.04 earnings per share (EPS) for the quarter. The company had revenue of $18.71 million for the quarter. Penns Woods Bancorp had a net margin of 14.87% and a return on equity of 9.26%.

Penns Woods Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date was Tuesday, March 11th. Penns Woods Bancorp's dividend payout ratio (DPR) is currently 45.71%.

Institutional Investors Weigh In On Penns Woods Bancorp

A number of hedge funds have recently added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of Penns Woods Bancorp by 19.2% in the 3rd 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 in the last quarter. Geode Capital Management LLC raised its holdings in Penns Woods Bancorp by 6.2% during the third quarter. Geode Capital Management LLC now owns 77,828 shares of the financial services provider's stock worth $1,852,000 after buying an additional 4,511 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Penns Woods Bancorp by 471.9% in the third quarter. JPMorgan Chase & Co. now owns 7,680 shares of the financial services provider's stock valued at $183,000 after buying an additional 6,337 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Penns Woods Bancorp by 9.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,822 shares of the financial services provider's stock valued at $1,149,000 after buying an additional 3,323 shares during the last quarter. Finally, ABC Arbitrage SA bought a new stake in shares of Penns Woods Bancorp during the fourth quarter worth about $369,000. Institutional investors and hedge funds 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.