Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Ponce Financial Group, Inc. (NASDAQ:PDLB - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 43,936 shares of the company's stock, valued at approximately $514,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.18% of Ponce Financial Group as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in PDLB. Vanguard Group Inc. grew its position in Ponce Financial Group by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,079,224 shares of the company's stock worth $9,605,000 after purchasing an additional 7,349 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Ponce Financial Group by 9.9% during the second quarter. Dimensional Fund Advisors LP now owns 715,744 shares of the company's stock worth $6,542,000 after buying an additional 64,452 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Ponce Financial Group by 13.9% during the second quarter. Bank of New York Mellon Corp now owns 61,892 shares of the company's stock valued at $566,000 after acquiring an additional 7,537 shares during the period. Finally, Los Angeles Capital Management LLC raised its holdings in Ponce Financial Group by 20.0% in the 3rd quarter. Los Angeles Capital Management LLC now owns 56,194 shares of the company's stock valued at $657,000 after acquiring an additional 9,369 shares in the last quarter. Institutional investors own 64.35% of the company's stock.
Ponce Financial Group Stock Performance
Shares of PDLB stock traded up $0.22 during mid-day trading on Friday, reaching $12.93. The stock had a trading volume of 23,041 shares, compared to its average volume of 45,469. The firm has a market cap of $308.12 million, a PE ratio of 34.95 and a beta of 0.63. Ponce Financial Group, Inc. has a one year low of $7.89 and a one year high of $13.15. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 2.08. The firm's 50 day simple moving average is $11.93 and its 200 day simple moving average is $10.56.
About Ponce Financial Group
(
Free Report)
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.
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