Penns Woods Bancorp (NASDAQ:PWOD) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD) in a research note released on Friday morning. The firm issued a hold rating on the financial services provider’s stock.

Penns Woods Bancorp Stock Down 2.7 %

Shares of PWOD opened at $29.65 on Friday. The company’s 50-day moving average price is $30.70 and its 200 day moving average price is $27.59. Penns Woods Bancorp has a 12-month low of $17.01 and a 12-month high of $34.56. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. The firm has a market cap of $223.68 million, a P/E ratio of 12.56 and a beta of 0.47.

Penns Woods Bancorp (NASDAQ:PWOD) last released its quarterly earnings results on Wednesday, January 29th. The financial services provider reported $0.57 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%.

Penns Woods Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Tuesday, December 10th were paid a $0.32 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.32%. Penns Woods Bancorp’s payout ratio is presently 54.24%.

Hedge Funds Weigh In On Penns Woods Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of PWOD. Truffle Hound Capital LLC acquired a new stake in shares of Penns Woods Bancorp during the fourth quarter worth about $6,078,000. Susquehanna International Group LLP increased its stake in 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 worth $2,853,000 after buying an additional 65,985 shares during the period. Rhino Investment Partners Inc acquired a new position in shares of Penns Woods Bancorp in the fourth quarter worth $1,078,000. Jane Street Group LLC increased its position in shares of Penns Woods Bancorp by 215.8% during the fourth quarter. Jane Street Group LLC now owns 47,270 shares of the financial services provider’s stock worth $1,437,000 after acquiring an additional 32,300 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Penns Woods Bancorp by 217.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,499 shares of the financial services provider’s stock valued at $821,000 after acquiring an additional 23,620 shares in the last quarter. 27.94% of the stock is currently owned by hedge funds and other institutional investors.

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.