Penns Woods Bancorp (NASDAQ:PWOD) Stock Passes Below 200 Day Moving Average - Here's What Happened

Penns Woods Bancorp, Inc. (NASDAQ:PWOD - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $29.59 and traded as low as $28.78. Penns Woods Bancorp shares last traded at $28.87, with a volume of 16,830 shares trading hands.

Analysts Set New Price Targets

Separately, Wall Street Zen began coverage on shares of Penns Woods Bancorp in a research note on Tuesday, May 20th. They set a "hold" rating for the company.

Penns Woods Bancorp Trading Up 1.5%

The company has a fifty day moving average of $28.96 and a two-hundred day moving average of $29.50. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $228.91 million, a price-to-earnings ratio of 10.74 and a beta of 0.47.

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 (EPS) for the quarter. The business had revenue of $18.71 million for the quarter. Penns Woods Bancorp had a net margin of 17.52% and a return on equity of 11.05%.

Penns Woods Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 24th. Investors of record on Tuesday, June 10th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.26%. Penns Woods Bancorp's dividend payout ratio (DPR) is presently 45.71%.

Hedge Funds Weigh In On Penns Woods Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its holdings in Penns Woods Bancorp by 50.1% during the fourth 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 in the last quarter. Cubist Systematic Strategies LLC boosted its stake in shares of Penns Woods Bancorp by 124.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 4,191 shares of the financial services provider's stock worth $117,000 after acquiring an additional 2,324 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in shares of Penns Woods Bancorp in the 4th quarter worth approximately $219,000. Point72 Asia Singapore Pte. Ltd. increased its stake in Penns Woods Bancorp by 4.6% in the 4th 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. Finally, Intellus Advisors LLC purchased a new position in Penns Woods Bancorp in the 4th quarter valued at approximately $321,000. 27.94% of the stock is owned by institutional investors and hedge funds.

Penns Woods Bancorp Company Profile

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.