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

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

Penns Woods Bancorp Trading Up 0.9 %

PWOD opened at $28.19 on Monday. The firm has a market capitalization of $214.61 million, a price-to-earnings ratio of 11.94 and a beta of 0.46. The company’s 50 day simple moving average is $30.19 and its two-hundred day simple moving average is $28.32. Penns Woods Bancorp has a 1-year low of $17.01 and a 1-year high of $34.56. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 1.09.

Penns Woods Bancorp (NASDAQ:PWOD) last announced its quarterly earnings data 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%.

Hedge Funds Weigh In On Penns Woods Bancorp

Institutional investors and hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN raised its position in shares of Penns Woods Bancorp by 50.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,351 shares of the financial services provider’s stock valued at $41,000 after buying an additional 451 shares during the period. JPMorgan Chase & Co. raised its position 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 period. Zullo Investment Group Inc. acquired a new position in shares of Penns Woods Bancorp in the 4th quarter valued at $207,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Penns Woods Bancorp during the 4th quarter worth $219,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Penns Woods Bancorp by 4.6% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,797 shares of the financial services provider’s stock worth $237,000 after purchasing an additional 343 shares during the period. 27.94% of the stock is currently owned by institutional investors and hedge funds.

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.