The Penns Woods Bancorp Inc. (PWOD) shares are trading at lower $22.49.
To add more color to this target, the company’s high over the last year is $36.27 and the low is $18.72. Over the last 52 weeks, PWOD is down -37.99% while the S&P 500 is down -2.38%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, PWOD reported a profit of $12.16 million. Penns Woods Bancorp Inc. also saw revenues increase to $16.16 million. In addition, PWOD has free cash flow of $7.06 million as of 03-2020.
PWOD booked profit margins of 22.30%, its Return on Equity (ROE) is 9.60%, and its Return on Assets is 0.90%. All told, it is clear that, PWOD needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. PWOD has a short ratio of 2.13 and outstanding shares of 7.04M.
PWOD has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 12810.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 2.08. Investors should also keep an eye on sector updates as PWOD has historically followed its peers on positive news.
All told, Penns Woods Bancorp Inc. PWOD has strung together solid data and demonstrated underlying fundamentals. At its current valuation, PWOD represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Penns Woods Bancorp Inc. PWOD is now commanding a market cap of 159.68M and a float of 6.76M. PWOD is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of PWOD stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in PWOD, either long or short, and we have not been compensated for this article.