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

StockNews.com assumed coverage on shares of Penns Woods Bancorp (NASDAQ:PWODGet Rating) in a research report released on Monday morning. The firm issued a hold rating on the financial services provider’s stock.

Penns Woods Bancorp Price Performance

NASDAQ PWOD opened at $25.75 on Monday. The stock’s 50-day moving average price is $24.08 and its two-hundred day moving average price is $23.33. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.63. The company has a market cap of $181.80 million, a PE ratio of 10.22 and a beta of 0.43. Penns Woods Bancorp has a 1 year low of $21.60 and a 1 year high of $25.86.

Penns Woods Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 20th. Stockholders of record on Tuesday, December 6th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Monday, December 5th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.97%. Penns Woods Bancorp’s dividend payout ratio is 50.79%.

Hedge Funds Weigh In On Penns Woods Bancorp

A number of large investors have recently made changes to their positions in PWOD. Cetera Advisor Networks LLC acquired a new position in shares of Penns Woods Bancorp in the 2nd quarter valued at about $1,085,000. Commonwealth Equity Services LLC increased its holdings in shares of Penns Woods Bancorp by 137.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 44,961 shares of the financial services provider’s stock valued at $1,098,000 after purchasing an additional 26,012 shares during the period. Raymond James & Associates acquired a new position in shares of Penns Woods Bancorp in the 3rd quarter valued at about $206,000. Hudock Inc. increased its holdings in shares of Penns Woods Bancorp by 9.9% in the 3rd quarter. Hudock Inc. now owns 91,621 shares of the financial services provider’s stock valued at $2,099,000 after purchasing an additional 8,227 shares during the period. Finally, FNY Investment Advisers LLC acquired a new position in shares of Penns Woods Bancorp in the 3rd quarter valued at about $160,000. Institutional investors and hedge funds own 18.79% of the company’s stock.

Penns Woods Bancorp Company Profile

(Get Rating)

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. 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 accounts.

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