31,912 Shares in Ponce Financial Group, Inc. (NASDAQ:PDLB) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of Ponce Financial Group, Inc. (NASDAQ:PDLB - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 31,912 shares of the company's stock, valued at approximately $415,000. Raymond James Financial Inc. owned 0.13% of Ponce Financial Group at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PDLB. American Capital Advisory LLC increased its stake in Ponce Financial Group by 150.0% in the fourth quarter. American Capital Advisory LLC now owns 2,500 shares of the company's stock valued at $32,000 after purchasing an additional 1,500 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Ponce Financial Group by 6.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 57,621 shares of the company's stock valued at $674,000 after buying an additional 3,500 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Ponce Financial Group by 12.4% during the fourth quarter. Bank of New York Mellon Corp now owns 52,321 shares of the company's stock worth $680,000 after purchasing an additional 5,757 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Ponce Financial Group during the fourth quarter worth about $115,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Ponce Financial Group by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 462,611 shares of the company's stock worth $5,409,000 after purchasing an additional 9,790 shares during the last quarter. 64.35% of the stock is owned by institutional investors and hedge funds.

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Ponce Financial Group Price Performance

PDLB traded down $0.12 on Friday, reaching $11.16. The company had a trading volume of 34,150 shares, compared to its average volume of 48,905. Ponce Financial Group, Inc. has a one year low of $7.89 and a one year high of $13.97. The company has a market capitalization of $267.46 million, a P/E ratio of 23.74 and a beta of 0.50. The company has a fifty day moving average of $12.76 and a 200-day moving average of $12.59. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 2.08.

Ponce Financial Group (NASDAQ:PDLB - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. Ponce Financial Group had a return on equity of 4.01% and a net margin of 6.46%. As a group, equities research analysts anticipate that Ponce Financial Group, Inc. will post 0.39 earnings per share for the current year.

About Ponce Financial Group

Ponce Financial Group, Inc operates as the bank holding company for Ponce Bank that provides various banking products and services. It offers various deposit products, including demand accounts, NOW/IOLA, money market, reciprocal deposits, savings accounts, and certificates of deposit to individuals, business entities, and non-profit organizations, as well as individual retirement accounts.