Penns Woods Bancorp (NASDAQ:PWOD) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD - Free Report) in a report released on Saturday. The brokerage issued a hold rating on the financial services provider's stock.

Penns Woods Bancorp Trading Up 0.5 %

Shares of Penns Woods Bancorp stock traded up $0.15 on Friday, reaching $29.38. 5,882 shares of the company's stock were exchanged, compared to its average volume of 20,035. Penns Woods Bancorp has a 52 week low of $18.12 and a 52 week high of $34.56. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.09 and a current ratio of 1.09. The company has a market capitalization of $223.66 million, a P/E ratio of 12.45 and a beta of 0.36. The firm's 50-day moving average is $27.89 and its two-hundred day moving average is $29.26.

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

Penns Woods Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.32 per share. The ex-dividend date was Tuesday, March 11th. This represents a $1.28 dividend on an annualized basis and a yield of 4.36%. Penns Woods Bancorp's dividend payout ratio is presently 45.71%.

Institutional Trading of Penns Woods Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its holdings 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 valued at $41,000 after purchasing an additional 451 shares during the period. JPMorgan Chase & Co. raised its position in shares of Penns Woods Bancorp by 471.9% during the 3rd 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 in the last quarter. Zullo Investment Group Inc. bought a new stake in shares of Penns Woods Bancorp during the 4th quarter worth $207,000. OMERS ADMINISTRATION Corp purchased a new position in Penns Woods Bancorp in the fourth quarter worth $219,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its position in Penns Woods Bancorp by 4.6% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,797 shares of the financial services provider's stock valued at $237,000 after purchasing an additional 343 shares in the last quarter. 27.94% of the stock is currently 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.