StockNews.com Begins Coverage on Penns Woods Bancorp (NASDAQ:PWOD)

Investment analysts at StockNews.com assumed coverage on shares of Penns Woods Bancorp (NASDAQ:PWOD) in a research note issued on Wednesday. The firm set a “hold” rating on the financial services provider’s stock.

Penns Woods Bancorp Price Performance

PWOD opened at $31.19 on Wednesday. The company has a market capitalization of $235.17 million, a price-to-earnings ratio of 13.22 and a beta of 0.47. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.24. Penns Woods Bancorp has a 12-month low of $17.01 and a 12-month high of $34.56. The business’s fifty day simple moving average is $31.22 and its 200-day simple moving average is $26.82.

Penns Woods Bancorp (NASDAQ:PWOD) last issued its earnings results on Wednesday, January 29th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter. Penns Woods Bancorp had a net margin of 14.87% and a return on equity of 9.26%.

Institutional Investors Weigh In On Penns Woods Bancorp

A number of institutional investors have recently added to or reduced their stakes in PWOD. 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 valued at $821,000 after buying an additional 23,620 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Penns Woods Bancorp during the third quarter valued at approximately $486,000. Squarepoint Ops LLC acquired a new stake in Penns Woods Bancorp in the second quarter valued at approximately $390,000. ABC Arbitrage SA acquired a new stake in Penns Woods Bancorp in the fourth quarter valued at approximately $369,000. Finally, RBF Capital LLC grew its holdings in Penns Woods Bancorp by 39.8% in 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 during the last quarter. 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.