Penns Woods Bancorp (NASDAQ:PWOD) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Penns Woods Bancorp (NASDAQ:PWOD) from a buy rating to a hold rating in a research report sent to investors on Monday.

Penns Woods Bancorp Price Performance

Penns Woods Bancorp stock opened at $31.19 on Monday. Penns Woods Bancorp has a 52 week low of $17.01 and a 52 week high of $31.36. The business has a 50-day simple moving average of $26.09 and a 200 day simple moving average of $22.89. 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 stock has a market cap of $235.30 million, a price-to-earnings ratio of 11.81 and a beta of 0.44.

Institutional Investors Weigh In On Penns Woods Bancorp

Several hedge funds have recently added to or reduced their stakes in the company. Quadrature Capital Ltd lifted its stake in Penns Woods Bancorp by 2.6% during the first quarter. Quadrature Capital Ltd now owns 27,158 shares of the financial services provider’s stock worth $524,000 after purchasing an additional 693 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Penns Woods Bancorp by 1.8% during the second quarter. Commonwealth Equity Services LLC now owns 48,068 shares of the financial services provider’s stock worth $988,000 after purchasing an additional 869 shares during the last quarter. Empowered Funds LLC lifted its stake in Penns Woods Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 27,260 shares of the financial services provider’s stock worth $648,000 after purchasing an additional 1,340 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in Penns Woods Bancorp during the second quarter worth about $39,000. Finally, Barclays PLC lifted its stake 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 purchasing an additional 2,398 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.