StockNews.com initiated coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD - Free Report) in a research report report published on Thursday. The brokerage issued a hold rating on the financial services provider's stock.
Penns Woods Bancorp Stock Performance
NASDAQ PWOD traded up $0.12 during trading hours on Thursday, reaching $31.42. The company's stock had a trading volume of 4,743 shares, compared to its average volume of 14,710. 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 has a 50-day simple moving average of $31.02 and a 200 day simple moving average of $27.28. Penns Woods Bancorp has a 52 week low of $17.01 and a 52 week high of $34.56. The stock has a market cap of $236.91 million, a PE ratio of 13.31 and a beta of 0.47.
Penns Woods Bancorp (NASDAQ:PWOD - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.57 earnings per share for the quarter. Penns Woods Bancorp had a return on equity of 9.26% and a net margin of 14.87%.
Penns Woods Bancorp Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were issued a dividend of $0.32 per share. The ex-dividend date was Tuesday, December 10th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.07%. Penns Woods Bancorp's dividend payout ratio (DPR) is presently 54.24%.
Institutional Investors Weigh In On Penns Woods Bancorp
Hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC bought a new stake in shares of Penns Woods Bancorp during the second quarter valued at approximately $39,000. Wells Fargo & Company MN raised its holdings in shares of Penns Woods Bancorp by 50.1% during the fourth quarter. Wells Fargo & Company MN now owns 1,351 shares of the financial services provider's stock valued at $41,000 after buying an additional 451 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Penns Woods Bancorp by 471.9% during 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 during the last quarter. Zullo Investment Group Inc. acquired a new position in shares of Penns Woods Bancorp during the fourth quarter valued at approximately $207,000. Finally, Intellus Advisors LLC acquired a new position in shares of Penns Woods Bancorp during the fourth quarter valued at approximately $321,000. Institutional investors own 27.94% of the company's stock.
Penns Woods Bancorp Company Profile
(
Get Free Report)
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.
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