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

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

Penns Woods Bancorp Trading Down 1.9 %

NASDAQ:PWOD opened at $31.04 on Thursday. 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 $234.04 million, a P/E ratio of 13.15 and a beta of 0.47. The firm has a 50-day simple moving average of $31.11 and a 200-day simple moving average of $27.15.

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 net margin of 14.87% and a return on equity of 9.26%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC acquired a new position in Penns Woods Bancorp during the 2nd quarter valued at approximately $39,000. Zullo Investment Group Inc. acquired a new position in Penns Woods Bancorp during the 4th quarter valued at approximately $207,000. JPMorgan Chase & Co. increased its stake in Penns Woods Bancorp by 471.9% during the 3rd 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 in the last quarter. Intellus Advisors LLC acquired a new position in Penns Woods Bancorp during the 4th quarter valued at approximately $321,000. Finally, ABC Arbitrage SA acquired a new position in Penns Woods Bancorp during the 4th quarter valued at approximately $369,000. 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.