Penns Woods Bancorp (NASDAQ:PWOD) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the financial services provider’s stock.

Penns Woods Bancorp Trading Up 0.2 %

NASDAQ PWOD opened at $30.76 on Friday. The firm’s fifty day moving average is $29.89 and its two-hundred day moving average is $24.84. Penns Woods Bancorp has a one year low of $17.01 and a one year 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 firm has a market cap of $232.05 million, a PE ratio of 11.65 and a beta of 0.48.

Institutional Investors Weigh In On Penns Woods Bancorp

Several large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in Penns Woods Bancorp by 471.9% in 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 during the period. Barclays PLC boosted its holdings in shares of Penns Woods Bancorp by 19.2% in the third quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock valued at $353,000 after acquiring an additional 2,398 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Penns Woods Bancorp by 6.2% during the third quarter. Geode Capital Management LLC now owns 77,828 shares of the financial services provider’s stock worth $1,852,000 after acquiring an additional 4,511 shares during the period. RBF Capital LLC raised its holdings in Penns Woods Bancorp by 39.8% during the third quarter. RBF Capital LLC now owns 25,847 shares of the financial services provider’s stock worth $615,000 after purchasing an additional 7,356 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Penns Woods Bancorp by 217.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,499 shares of the financial services provider’s stock valued at $821,000 after purchasing an additional 23,620 shares during the period. Hedge funds and other institutional investors own 27.94% of the company’s stock.

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.