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

StockNews.com assumed coverage on shares of Penns Woods Bancorp (NASDAQ:PWODGet Rating) in a research note issued on Tuesday. The firm set a “hold” rating on the financial services provider’s stock.

PWOD opened at $23.40 on Tuesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.02 and a quick ratio of 1.02. The company has a market cap of $165.53 million, a price-to-earnings ratio of 10.31 and a beta of 0.56. The firm has a 50 day simple moving average of $24.28 and a 200 day simple moving average of $24.09. Penns Woods Bancorp has a fifty-two week low of $22.75 and a fifty-two week high of $26.70.

Penns Woods Bancorp (NASDAQ:PWODGet Rating) last posted its quarterly earnings results on Wednesday, January 26th. The financial services provider reported $0.69 earnings per share for the quarter. Penns Woods Bancorp had a net margin of 22.88% and a return on equity of 9.43%. The business had revenue of $16.12 million during the quarter.

A number of large investors have recently modified their holdings of PWOD. M3F Inc. increased its stake in Penns Woods Bancorp by 72.4% in the third quarter. M3F Inc. now owns 102,043 shares of the financial services provider’s stock valued at $2,441,000 after purchasing an additional 42,853 shares in the last quarter. BlackRock Inc. boosted its holdings in Penns Woods Bancorp by 81.7% during the fourth quarter. BlackRock Inc. now owns 54,562 shares of the financial services provider’s stock worth $1,291,000 after purchasing an additional 24,532 shares during the last quarter. Two Sigma Advisers LP acquired a new position in Penns Woods Bancorp during the third quarter worth $361,000. Evergreen Wealth Solutions LLC acquired a new position in Penns Woods Bancorp during the fourth quarter worth $343,000. Finally, Two Sigma Investments LP acquired a new position in Penns Woods Bancorp during the third quarter worth $262,000. 20.29% of the stock is owned by hedge funds and other institutional investors.

About Penns Woods Bancorp (Get Rating)

Penns Woods Bancorp, Inc operates as the bank holding company for Jersey Shore State Bank and Luzerne 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 accounts.

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