Penns Woods Bancorp (NASDAQ:PWOD) Stock Rating Lowered by StockNews.com

Penns Woods Bancorp (NASDAQ:PWOD) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Monday.

Penns Woods Bancorp Stock Performance

PWOD traded up $0.78 during midday trading on Monday, reaching $31.19. The company had a trading volume of 17,948 shares, compared to its average volume of 25,314. The company has a market cap of $235.30 million, a P/E ratio of 11.81 and a beta of 0.44. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24. The business has a 50-day moving average of $26.09 and a two-hundred day moving average of $22.89. Penns Woods Bancorp has a 1 year low of $17.01 and a 1 year high of $31.36.

Hedge Funds Weigh In On Penns Woods Bancorp

Hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP bought a new position in shares of Penns Woods Bancorp in the third quarter worth about $486,000. Empowered Funds LLC boosted its stake in Penns Woods Bancorp by 5.2% during the third quarter. Empowered Funds LLC now owns 27,260 shares of the financial services provider’s stock valued at $648,000 after buying an additional 1,340 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Penns Woods Bancorp during the second quarter valued at approximately $39,000. Vanguard Group Inc. boosted its stake in Penns Woods Bancorp by 2.1% during the first quarter. Vanguard Group Inc. now owns 336,829 shares of the financial services provider’s stock valued at $6,538,000 after buying an additional 6,992 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in Penns Woods Bancorp during the second quarter valued at approximately $390,000. Institutional investors own 27.94% of the company’s stock.

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.