StockNews.com Initiates Coverage on Penns Woods Bancorp (NASDAQ:PWOD)

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

Shares of PWOD stock opened at $23.09 on Wednesday. The business’s 50 day moving average is $23.16 and its two-hundred day moving average is $23.79. Penns Woods Bancorp has a twelve month low of $22.00 and a twelve month high of $25.00. The company has a market capitalization of $162.97 million, a P/E ratio of 10.17 and a beta of 0.55. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.67.

Penns Woods Bancorp (NASDAQ:PWOD – Get Rating) last announced its earnings results on Thursday, April 21st. The financial services provider reported $0.49 earnings per share for the quarter. Penns Woods Bancorp had a return on equity of 9.42% and a net margin of 23.04%. The company had revenue of $15.27 million for the quarter.

In other Penns Woods Bancorp news, CEO Richard A. Grafmyre purchased 2,500 shares of Penns Woods Bancorp stock in a transaction dated Monday, May 2nd. The stock was acquired at an average cost of $23.45 per share, with a total value of $58,625.00. Following the acquisition, the chief executive officer now directly owns 14,693 shares of the company’s stock, valued at $344,550.85. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Charles E. Kranich acquired 1,250 shares of Penns Woods Bancorp stock in a transaction that occurred on Friday, May 20th. The shares were purchased at an average cost of $22.63 per share, with a total value of $28,287.50. Following the completion of the acquisition, the director now owns 26,272 shares of the company’s stock, valued at approximately $594,535.36. The disclosure for this purchase can be found here. Insiders bought a total of 8,190 shares of company stock valued at $189,783 over the last three months. Insiders own 4.84% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC acquired a new position in Penns Woods Bancorp during the fourth quarter worth $70,000. Capital Investment Advisors LLC acquired a new position in Penns Woods Bancorp during the first quarter worth $104,000. Evergreen Wealth Solutions LLC acquired a new position in Penns Woods Bancorp during the fourth quarter worth $343,000. Two Sigma Advisers LP acquired a new position in Penns Woods Bancorp during the third quarter worth $361,000. Finally, Commonwealth Equity Services LLC raised its holdings in Penns Woods Bancorp by 24.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 18,949 shares of the financial services provider’s stock worth $448,000 after purchasing an additional 3,723 shares during the last quarter. 18.26% 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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