Penns Woods Bancorp (PWOD) Lifted to Hold at ValuEngine

ValuEngine upgraded shares of Penns Woods Bancorp (NASDAQ:PWOD) from a sell rating to a hold rating in a research note released on Friday morning, ValuEngine reports.

NASDAQ PWOD opened at $43.46 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.97. Penns Woods Bancorp has a 12-month low of $34.84 and a 12-month high of $47.00. The stock has a market cap of $207.85 million, a price-to-earnings ratio of 13.51 and a beta of 0.60.

In other Penns Woods Bancorp news, Director R Edward Nestlerode, Jr. purchased 2,770 shares of the business’s stock in a transaction on Wednesday, February 6th. The stock was acquired at an average cost of $38.68 per share, for a total transaction of $107,143.60. Following the completion of the transaction, the director now directly owns 19,826 shares in the company, valued at approximately $766,869.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have acquired 3,117 shares of company stock valued at $121,451. Company insiders own 3.39% of the company’s stock.

Several large investors have recently modified their holdings of PWOD. Ramsey Quantitative Systems raised its stake in shares of Penns Woods Bancorp by 138.3% during the fourth quarter. Ramsey Quantitative Systems now owns 734 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 426 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Penns Woods Bancorp by 550.3% during the first quarter. BNP Paribas Arbitrage SA now owns 956 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 809 shares during the last quarter. Peoples Financial Services CORP. bought a new position in shares of Penns Woods Bancorp during the first quarter valued at about $99,000. Bank of America Corp DE raised its stake in shares of Penns Woods Bancorp by 12.4% during the fourth quarter. Bank of America Corp DE now owns 4,835 shares of the financial services provider’s stock valued at $195,000 after acquiring an additional 534 shares during the last quarter. Finally, Rhumbline Advisers bought a new position in shares of Penns Woods Bancorp during the fourth quarter valued at about $258,000. 26.30% of the stock is owned by hedge funds and other institutional investors.

About Penns Woods Bancorp

Penns Woods Bancorp, Inc operates as the bank holding company for Jersey Shore State Bank and Luzerne Bank, which provides commercial and retail banking services to individuals, partnerships, non-profit organizations, and corporations. The company accepts time, demand, and savings deposits, including super NOW accounts, statement savings accounts, money market accounts, and certificates of deposit, as well as checking accounts and IRAs.

Featured Article: Hedge Funds – Risk or Reward?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Penns Woods Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Penns Woods Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.