Penns Woods Bancorp (NASDAQ:PWOD) Coverage Initiated at StockNews.com

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

Penns Woods Bancorp Trading Up 0.9 %

NASDAQ:PWOD opened at $29.30 on Friday. The business’s 50-day moving average is $30.77 and its two-hundred day moving average is $25.67. The firm has a market capitalization of $221.04 million, a PE ratio of 11.10 and a beta of 0.48. Penns Woods Bancorp has a 12 month low of $17.01 and a 12 month 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.

Institutional Investors Weigh In On Penns Woods Bancorp

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in Penns Woods Bancorp by 471.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,680 shares of the financial services provider’s stock worth $183,000 after buying an additional 6,337 shares in the last quarter. Barclays PLC lifted its stake in shares of Penns Woods Bancorp by 19.2% in the third quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock worth $353,000 after acquiring an additional 2,398 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Penns Woods Bancorp by 6.2% in the third quarter. Geode Capital Management LLC now owns 77,828 shares of the financial services provider’s stock valued at $1,852,000 after purchasing an additional 4,511 shares during the last quarter. RBF Capital LLC boosted its holdings in Penns Woods Bancorp by 39.8% in the third quarter. RBF Capital LLC now owns 25,847 shares of the financial services provider’s stock valued at $615,000 after purchasing an additional 7,356 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Penns Woods Bancorp by 217.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,499 shares of the financial services provider’s stock worth $821,000 after purchasing an additional 23,620 shares during the last quarter. 27.94% of the stock is 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.