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

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

Penns Woods Bancorp Price Performance

Shares of PWOD stock opened at $30.36 on Tuesday. Penns Woods Bancorp has a 12-month low of $18.91 and a 12-month high of $34.56. The firm has a market capitalization of $231.16 million, a price-to-earnings ratio of 12.86 and a beta of 0.45. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The firm has a fifty day moving average of $28.04 and a 200-day moving average of $29.68.

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

Institutional Investors Weigh In On Penns Woods Bancorp

Several large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in 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 worth $183,000 after purchasing an additional 6,337 shares during the period. ABC Arbitrage SA acquired a new position in shares of Penns Woods Bancorp during the fourth quarter worth about $369,000. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Penns Woods Bancorp by 9.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,822 shares of the financial services provider’s stock worth $1,149,000 after buying an additional 3,323 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Penns Woods Bancorp by 2.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 275,989 shares of the financial services provider’s stock worth $8,387,000 after buying an additional 6,269 shares in the last quarter. Finally, Empowered Funds LLC raised its position in Penns Woods Bancorp by 4.9% in the 4th quarter. Empowered Funds LLC now owns 28,602 shares of the financial services provider’s stock valued at $869,000 after buying an additional 1,342 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.