Penns Woods Bancorp (NASDAQ:PWOD) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD – Get Rating) in a research report issued to clients and investors on Wednesday. The firm set a “hold” rating on the financial services provider’s stock.

PWOD stock opened at $23.28 on Wednesday. The firm has a 50 day moving average of $24.19 and a 200-day moving average of $24.08. Penns Woods Bancorp has a 12-month low of $22.75 and a 12-month high of $26.70. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.73. The company has a market cap of $164.68 million, a price-to-earnings ratio of 10.26 and a beta of 0.56.

Penns Woods Bancorp (NASDAQ:PWOD – Get Rating) last posted its quarterly earnings results on Wednesday, January 26th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter. Penns Woods Bancorp had a net margin of 23.04% and a return on equity of 9.40%. The company had revenue of $16.12 million during the quarter.

Several institutional investors have recently modified their holdings of PWOD. Morgan Stanley raised its position in shares of Penns Woods Bancorp by 49.3% during the 2nd quarter. Morgan Stanley now owns 21,182 shares of the financial services provider’s stock worth $504,000 after purchasing an additional 6,991 shares during the last quarter. Royal Bank of Canada raised its position in shares of Penns Woods Bancorp by 125.8% during the 2nd quarter. Royal Bank of Canada now owns 3,803 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 2,119 shares during the last quarter. Hudock Inc. raised its position in shares of Penns Woods Bancorp by 7.3% during the 3rd quarter. Hudock Inc. now owns 81,741 shares of the financial services provider’s stock worth $1,955,000 after purchasing an additional 5,594 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Penns Woods Bancorp by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 57,480 shares of the financial services provider’s stock worth $1,365,000 after purchasing an additional 1,526 shares during the last quarter. Finally, M3F Inc. raised its position in shares of Penns Woods Bancorp by 72.4% during the 3rd quarter. M3F Inc. now owns 102,043 shares of the financial services provider’s stock worth $2,441,000 after purchasing an additional 42,853 shares during the last quarter. Hedge funds and other institutional investors own 20.29% of the company’s stock.

Penns Woods Bancorp Company Profile (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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