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

Penns Woods Bancorp (NASDAQ:PWOD) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Penns Woods Bancorp Stock Down 0.6 %

Shares of PWOD opened at $29.87 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 1.30. The business has a fifty day moving average of $25.02 and a 200 day moving average of $22.33. Penns Woods Bancorp has a 52-week low of $17.01 and a 52-week high of $30.19. The company has a market cap of $225.22 million, a PE ratio of 11.31 and a beta of 0.44.

Institutional Investors Weigh In On Penns Woods Bancorp

Institutional investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC acquired a new position in Penns Woods Bancorp in the second quarter valued at approximately $39,000. Vanguard Group Inc. increased its position in shares of Penns Woods Bancorp by 2.1% in the first quarter. Vanguard Group Inc. now owns 336,829 shares of the financial services provider’s stock valued at $6,538,000 after buying an additional 6,992 shares in the last quarter. Empowered Funds LLC increased its position in shares of Penns Woods Bancorp by 7.8% in the first quarter. Empowered Funds LLC now owns 24,120 shares of the financial services provider’s stock valued at $468,000 after buying an additional 1,750 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Penns Woods Bancorp in the second quarter valued at approximately $390,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Penns Woods Bancorp in the second quarter valued at approximately $223,000. Institutional investors and hedge funds 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.