Fourthstone LLC Invests $884,000 in Ponce Financial Group, Inc. (NASDAQ:PDLB)

Fourthstone LLC acquired a new position in Ponce Financial Group, Inc. (NASDAQ:PDLB - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 67,983 shares of the company's stock, valued at approximately $884,000. Fourthstone LLC owned approximately 0.29% of Ponce Financial Group as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. American Capital Advisory LLC increased its stake in Ponce Financial Group by 150.0% during the 4th 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 in the last quarter. SG Americas Securities LLC purchased a new stake in Ponce Financial Group during the 4th quarter worth approximately $115,000. Wells Fargo & Company MN lifted its position in shares of Ponce Financial Group by 11.7% during the fourth quarter. Wells Fargo & Company MN now owns 12,351 shares of the company's stock worth $161,000 after purchasing an additional 1,298 shares in the last quarter. American Century Companies Inc. increased its position in shares of Ponce Financial Group by 8.2% in the 4th quarter. American Century Companies Inc. now owns 14,419 shares of the company's stock valued at $187,000 after purchasing an additional 1,096 shares during the last quarter. Finally, Trexquant Investment LP boosted its holdings in shares of Ponce Financial Group by 82.4% in the 4th quarter. Trexquant Investment LP now owns 19,272 shares of the company's stock valued at $251,000 after buying an additional 8,707 shares in the last quarter. Hedge funds and other institutional investors own 64.35% of the company's stock.

Ponce Financial Group Stock Performance

Shares of Ponce Financial Group stock traded up $0.41 on Tuesday, reaching $11.43. 3,723 shares of the stock were exchanged, compared to its average volume of 46,610. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 2.08. The business has a fifty day moving average price of $12.46 and a two-hundred day moving average price of $12.58. The firm has a market capitalization of $273.81 million, a PE ratio of 24.31 and a beta of 0.50. Ponce Financial Group, Inc. has a 1-year low of $8.01 and a 1-year high of $13.97.

Ponce Financial Group (NASDAQ:PDLB - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, research analysts anticipate that Ponce Financial Group, Inc. will post 0.39 earnings per share for the current fiscal year.

Ponce Financial Group Profile

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.