ValuEngine cut shares of Penns Woods Bancorp (NASDAQ:PWOD) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.

Shares of PWOD stock opened at $38.90 on Thursday. Penns Woods Bancorp has a fifty-two week low of $38.53 and a fifty-two week high of $47.00. The stock has a market cap of $186.66 million, a P/E ratio of 13.44 and a beta of 0.76. 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 (NASDAQ:PWOD) last announced its earnings results on Friday, October 19th. The financial services provider reported $0.82 earnings per share for the quarter. Penns Woods Bancorp had a return on equity of 10.02% and a net margin of 17.14%. The firm had revenue of $14.84 million for the quarter.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. California Public Employees Retirement System boosted its stake in shares of Penns Woods Bancorp by 9.6% in the 2nd quarter. California Public Employees Retirement System now owns 15,688 shares of the financial services provider’s stock worth $703,000 after buying an additional 1,380 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Penns Woods Bancorp by 7.7% in the 2nd quarter. Renaissance Technologies LLC now owns 111,300 shares of the financial services provider’s stock worth $4,984,000 after buying an additional 7,987 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Penns Woods Bancorp by 5.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 152,880 shares of the financial services provider’s stock worth $6,846,000 after buying an additional 7,923 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Penns Woods Bancorp by 1.6% in the 3rd quarter. BlackRock Inc. now owns 230,718 shares of the financial services provider’s stock worth $10,025,000 after buying an additional 3,526 shares during the last quarter. Hedge funds and other institutional investors own 25.80% of the company’s stock.

About Penns Woods Bancorp

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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