Wall Street Zen Initiates Coverage on Penns Woods Bancorp (NASDAQ:PWOD)

Wall Street Zen began coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD - Free Report) in a research report sent to investors on Tuesday. The brokerage issued a hold rating on the financial services provider's stock.

Penns Woods Bancorp Stock Performance

Penns Woods Bancorp stock traded down $0.30 during mid-day trading on Tuesday, reaching $29.19. 12,725 shares of the company's stock were exchanged, compared to its average volume of 23,880. The business's fifty day simple moving average is $28.16 and its 200 day simple moving average is $29.75. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. Penns Woods Bancorp has a one year low of $18.91 and a one year high of $34.56. The firm has a market capitalization of $222.25 million, a PE ratio of 12.37 and a beta of 0.45.

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

Penns Woods Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend was Tuesday, March 11th. Penns Woods Bancorp's dividend payout ratio is 45.71%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN raised its holdings in shares of Penns Woods Bancorp by 50.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,351 shares of the financial services provider's stock worth $41,000 after purchasing an additional 451 shares during the period. Cubist Systematic Strategies LLC raised its stake in shares of Penns Woods Bancorp by 124.5% in the first quarter. Cubist Systematic Strategies LLC now owns 4,191 shares of the financial services provider's stock valued at $117,000 after buying an additional 2,324 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Penns Woods Bancorp by 471.9% in the third 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 during the period. Zullo Investment Group Inc. purchased a new position in shares of Penns Woods Bancorp during the 4th quarter valued at $207,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Penns Woods Bancorp during the 4th quarter worth $219,000. 27.94% of the stock is owned by 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.