Stock analysts at StockNews.com assumed coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD - Get Free Report) in a research report issued to clients and investors on Sunday. The brokerage set a "hold" rating on the financial services provider's stock.
Penns Woods Bancorp Stock Down 0.1 %
PWOD stock traded down $0.03 on Friday, reaching $29.80. 1,015 shares of the company traded hands, compared to its average volume of 20,305. The firm has a fifty day simple moving average of $27.83 and a 200-day simple moving average of $29.45. The company has a market cap of $226.87 million, a P/E ratio of 12.63 and a beta of 0.45. Penns Woods Bancorp has a one year low of $18.76 and a one year high of $34.56. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09.
Penns Woods Bancorp (NASDAQ:PWOD - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The financial services provider reported $1.04 earnings per share 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%.
Hedge Funds Weigh In On Penns Woods Bancorp
A number of hedge funds have recently added to or reduced their stakes in PWOD. Wells Fargo & Company MN raised its position in 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 buying an additional 451 shares during the last quarter. JPMorgan Chase & Co. grew 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 worth $183,000 after acquiring an additional 6,337 shares during the period. Zullo Investment Group Inc. purchased a new position in shares of Penns Woods Bancorp during the fourth quarter valued at approximately $207,000. OMERS ADMINISTRATION Corp bought a new position in Penns Woods Bancorp during the fourth quarter valued at approximately $219,000. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings in Penns Woods Bancorp by 4.6% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,797 shares of the financial services provider's stock worth $237,000 after purchasing an additional 343 shares during the last quarter. 27.94% of the stock is currently owned by hedge funds and other institutional investors.
About Penns Woods Bancorp
(
Get Free Report)
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.
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