ValuEngine Lowers Penns Woods Bancorp (PWOD) to Sell

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

NASDAQ PWOD opened at $38.90 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.99. Penns Woods Bancorp has a 12-month low of $38.53 and a 12-month high of $47.00. The stock has a market cap of $186.66 million, a price-to-earnings ratio of 13.44 and a beta of 0.76.

Penns Woods Bancorp (NASDAQ:PWOD) last posted its quarterly earnings results on Friday, October 19th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter. Penns Woods Bancorp had a net margin of 17.14% and a return on equity of 10.02%. The business had revenue of $14.84 million during the quarter.



The firm also recently declared a quarterly dividend, which was paid on Monday, December 24th. Shareholders of record on Tuesday, December 11th were given a dividend of $0.47 per share. The ex-dividend date was Monday, December 10th. This represents a $1.88 annualized dividend and a yield of 4.83%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. California Public Employees Retirement System boosted its position in Penns Woods Bancorp by 9.6% during the second quarter. California Public Employees Retirement System now owns 15,688 shares of the financial services provider’s stock valued at $703,000 after buying an additional 1,380 shares during the period. BlackRock Inc. boosted its holdings in shares of Penns Woods Bancorp by 2.1% during the second quarter. BlackRock Inc. now owns 227,192 shares of the financial services provider’s stock worth $10,173,000 after purchasing an additional 4,765 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Penns Woods Bancorp by 5.5% during the second quarter. Dimensional Fund Advisors LP now owns 152,880 shares of the financial services provider’s stock worth $6,846,000 after purchasing an additional 7,923 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Penns Woods Bancorp by 7.7% during the second quarter. Renaissance Technologies LLC now owns 111,300 shares of the financial services provider’s stock worth $4,984,000 after purchasing an additional 7,987 shares during the period. Institutional investors and hedge funds own 25.80% 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 and Luzerne Bank, which provides banking and financial services to individuals, partnerships, non-profit organizations, and corporations. It provides time deposits, super NOW accounts, statement savings accounts, money market accounts, certificates of deposit, checking accounts, and IRAs.

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