Penns Woods Bancorp (NASDAQ:PWOD) Rating Lowered to Hold at StockNews.com

Penns Woods Bancorp (NASDAQ:PWOD) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Saturday.

Penns Woods Bancorp Trading Down 0.6 %

Shares of Penns Woods Bancorp stock opened at $29.87 on Friday. The company has a 50-day moving average of $25.02 and a two-hundred day moving average of $22.39. Penns Woods Bancorp has a 12-month low of $17.01 and a 12-month high of $30.19. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 1.30. The stock has a market cap of $225.22 million, a PE ratio of 11.31 and a beta of 0.44.

Institutional Investors Weigh In On Penns Woods Bancorp

Large investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC purchased a new stake in shares of Penns Woods Bancorp in the second quarter valued at about $39,000. BNP Paribas Financial Markets raised its position in shares of Penns Woods Bancorp by 55.5% during the 1st quarter. BNP Paribas Financial Markets now owns 3,554 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 1,269 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in Penns Woods Bancorp in the 2nd quarter valued at approximately $205,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Penns Woods Bancorp during the 2nd quarter valued at $223,000. Finally, Barclays PLC increased its position in Penns Woods Bancorp by 19.2% during the third quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock worth $353,000 after buying an additional 2,398 shares in the last quarter. 27.94% of the stock is owned by institutional investors and hedge funds.

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.