Penns Woods Bancorp (NASDAQ:PWOD) Coverage Initiated at StockNews.com

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

Penns Woods Bancorp Stock Down 2.3 %

PWOD opened at $28.62 on Friday. Penns Woods Bancorp has a fifty-two week low of $17.01 and a fifty-two week 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 stock has a market cap of $217.88 million, a price-to-earnings ratio of 12.13 and a beta of 0.46. The firm’s fifty day moving average is $30.41 and its 200 day moving average is $28.07.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its stake in shares of Penns Woods Bancorp by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 275,989 shares of the financial services provider’s stock valued at $8,387,000 after purchasing an additional 6,269 shares during the last quarter. Truffle Hound Capital LLC bought a new position in Penns Woods Bancorp during the fourth quarter valued at $6,078,000. Susquehanna International Group LLP raised its stake in shares of Penns Woods Bancorp by 236.6% in the fourth quarter. Susquehanna International Group LLP now owns 93,873 shares of the financial services provider’s stock valued at $2,853,000 after acquiring an additional 65,985 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Penns Woods Bancorp by 6.2% in the 3rd 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 last quarter. Finally, Bridgeway Capital Management LLC boosted its stake in shares of Penns Woods Bancorp by 1.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 75,847 shares of the financial services provider’s stock worth $2,305,000 after purchasing an additional 892 shares during the period. 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.