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

Analysts at StockNews.com initiated coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD) in a note issued to investors on Sunday. The brokerage set a “hold” rating on the financial services provider’s stock.

Penns Woods Bancorp Stock Performance

PWOD opened at $29.57 on Friday. 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 business has a fifty day simple moving average of $27.89 and a 200 day simple moving average of $29.36. Penns Woods Bancorp has a 1 year low of $18.12 and a 1 year high of $34.56. The company has a market capitalization of $225.12 million, a PE ratio of 12.53 and a beta of 0.36.

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

Institutional Investors Weigh In On Penns Woods Bancorp

A number of large investors have recently added to or reduced their stakes in PWOD. Wells Fargo & Company MN lifted its position in shares of Penns Woods Bancorp by 50.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,351 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 451 shares during the period. Zullo Investment Group Inc. acquired a new stake in Penns Woods Bancorp during the fourth quarter worth about $207,000. OMERS ADMINISTRATION Corp bought a new position in Penns Woods Bancorp in the 4th quarter valued at about $219,000. JPMorgan Chase & Co. raised its position in shares of Penns Woods Bancorp by 471.9% in the 3rd 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. Finally, Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Penns Woods Bancorp by 4.6% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,797 shares of the financial services provider’s stock worth $237,000 after acquiring an additional 343 shares during the period. 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.