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

Equities researchers at StockNews.com initiated coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the financial services provider’s stock.

Penns Woods Bancorp Stock Performance

PWOD stock opened at $29.03 on Friday. The firm has a market cap of $219.00 million, a PE ratio of 11.00 and a beta of 0.48. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The business has a 50 day moving average of $30.77 and a 200-day moving average of $25.64. Penns Woods Bancorp has a 12-month low of $17.01 and a 12-month high of $34.56.

Hedge Funds Weigh In On Penns Woods Bancorp

Several institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in 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 valued at $183,000 after purchasing an additional 6,337 shares during the last quarter. Barclays PLC lifted its position in shares of Penns Woods Bancorp by 19.2% during the third quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock worth $353,000 after acquiring an additional 2,398 shares in the last quarter. Geode Capital Management LLC lifted its position 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 in the last quarter. RBF Capital LLC lifted its position in shares of 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 acquiring an additional 7,356 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Penns Woods Bancorp by 217.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,499 shares of the financial services provider’s stock worth $821,000 after acquiring an additional 23,620 shares in the last quarter. Hedge funds and other institutional investors 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.