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 firm issued a hold rating on the financial services provider's stock.

Penns Woods Bancorp Stock Performance

Shares of NASDAQ:PWOD traded down $0.68 during midday trading on Friday, hitting $29.25. The company had a trading volume of 15,354 shares, compared to its average volume of 15,153. The company has a market cap of $222.68 million, a price-to-earnings ratio of 12.39 and a beta of 0.47. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09. The company has a fifty day moving average of $30.52 and a two-hundred day moving average of $27.93. 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 issued its earnings results 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%.

Remove Ads

Penns Woods Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Investors of record on Tuesday, March 11th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.38%. The ex-dividend date of this dividend is Tuesday, March 11th. Penns Woods Bancorp's dividend payout ratio is currently 54.24%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of 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 last quarter. Truffle Hound Capital LLC bought a new position in shares of Penns Woods Bancorp during the 4th quarter valued at about $6,078,000. Susquehanna International Group LLP boosted its holdings in shares of 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 last quarter. Geode Capital Management LLC boosted its holdings in shares of 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 last quarter. Finally, Bridgeway Capital Management LLC boosted its holdings in shares of 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 last quarter. 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.