Penns Woods Bancorp (NASDAQ:PWOD) Stock Rating Lowered by ValuEngine

Penns Woods Bancorp (NASDAQ:PWOD) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Wednesday, ValuEngine reports.

Shares of NASDAQ:PWOD opened at $32.70 on Wednesday. The stock’s 50-day simple moving average is $31.04 and its two-hundred day simple moving average is $39.04. The stock has a market capitalization of $222.89 million, a price-to-earnings ratio of 13.12 and a beta of 0.62. Penns Woods Bancorp has a 52-week low of $23.23 and a 52-week high of $32.72. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.06 and a current ratio of 1.07.

Penns Woods Bancorp (NASDAQ:PWOD) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.66 earnings per share for the quarter. The firm had revenue of $15.73 million for the quarter. Penns Woods Bancorp had a net margin of 22.24% and a return on equity of 11.37%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Captrust Financial Advisors boosted its stake in shares of Penns Woods Bancorp by 230.8% during the 2nd quarter. Captrust Financial Advisors now owns 2,150 shares of the financial services provider’s stock worth $97,000 after acquiring an additional 1,500 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Penns Woods Bancorp by 9.6% in the 3rd quarter. Rhumbline Advisers now owns 7,173 shares of the financial services provider’s stock worth $332,000 after purchasing an additional 629 shares in the last quarter. LSV Asset Management raised its holdings in Penns Woods Bancorp by 76.0% in the 2nd quarter. LSV Asset Management now owns 8,800 shares of the financial services provider’s stock worth $398,000 after purchasing an additional 3,800 shares during the period. Wells Fargo & Company MN raised its holdings in Penns Woods Bancorp by 4.0% in the 2nd quarter. Wells Fargo & Company MN now owns 8,838 shares of the financial services provider’s stock worth $400,000 after purchasing an additional 341 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Penns Woods Bancorp by 5.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 10,992 shares of the financial services provider’s stock valued at $498,000 after purchasing an additional 592 shares in the last quarter. Institutional investors and hedge funds own 18.48% 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 commercial and retail banking services to individuals, partnerships, non-profit organizations, and corporations. The company accepts time, demand, and savings deposits, including super NOW accounts, statement savings accounts, money market accounts, and certificates of deposit, as well as checking accounts and IRAs.

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