Penns Woods Bancorp (NASDAQ:PWOD) Stock Rating Lowered by StockNews.com

Penns Woods Bancorp (NASDAQ:PWOD) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

Penns Woods Bancorp Price Performance

Penns Woods Bancorp stock traded up $0.78 during midday trading on Monday, reaching $31.19. 17,948 shares of the stock traded hands, compared to its average volume of 25,314. The stock’s fifty day moving average is $26.09 and its 200-day moving average is $22.89. Penns Woods Bancorp has a 12 month low of $17.01 and a 12 month high of $31.36. The stock has a market cap of $235.30 million, a P/E ratio of 11.81 and a beta of 0.44. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.24.

Institutional Investors Weigh In On Penns Woods Bancorp

Several institutional investors have recently modified their holdings of PWOD. Cubist Systematic Strategies LLC bought a new stake in shares of Penns Woods Bancorp in the 2nd quarter valued at approximately $39,000. Hsbc Holdings PLC bought a new stake in shares of Penns Woods Bancorp in the 2nd quarter valued at approximately $205,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Penns Woods Bancorp in the 2nd quarter valued at approximately $223,000. Barclays PLC lifted its stake in shares of Penns Woods Bancorp by 19.2% in the 3rd quarter. Barclays PLC now owns 14,880 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 2,398 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Penns Woods Bancorp in the 2nd quarter valued at approximately $390,000. 27.94% of the stock is owned by institutional investors.

Penns Woods Bancorp Company Profile

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.