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

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

Penns Woods Bancorp Trading Down 0.2 %

Shares of NASDAQ:PWOD opened at $25.75 on Monday. Penns Woods Bancorp has a 52 week low of $21.60 and a 52 week high of $25.86. The company’s 50 day moving average is $24.08 and its two-hundred day moving average 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 Dividend Announcement

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

Institutional Investors Weigh In On Penns Woods Bancorp

A number of large investors have recently modified their holdings of PWOD. JFS Wealth Advisors LLC purchased a new stake in shares of Penns Woods Bancorp in the 2nd quarter valued at approximately $40,000. Captrust Financial Advisors acquired a new position in shares of Penns Woods Bancorp in the 2nd quarter valued at $105,000. FNY Investment Advisers LLC acquired a new position in shares of Penns Woods Bancorp in the 3rd quarter valued at $160,000. Raymond James & Associates acquired a new position in shares of Penns Woods Bancorp in the 3rd quarter valued at $206,000. Finally, State Street Corp boosted its holdings in shares of Penns Woods Bancorp by 20.1% in the 2nd quarter. State Street Corp now owns 26,255 shares of the financial services provider’s stock valued at $606,000 after buying an additional 4,400 shares in the last quarter. 18.79% of the stock is owned by hedge funds and other institutional investors.

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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