JPMorgan Chase & Co. Buys 20,239 Shares of Ponce Financial Group, Inc. (NASDAQ:PDLB)

JPMorgan Chase & Co. lifted its holdings in Ponce Financial Group, Inc. (NASDAQ:PDLB - Free Report) by 170.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,113 shares of the company's stock after purchasing an additional 20,239 shares during the period. JPMorgan Chase & Co. owned 0.13% of Ponce Financial Group worth $375,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Ponce Financial Group by 6.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,621 shares of the company's stock valued at $674,000 after acquiring an additional 3,500 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Ponce Financial Group by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 462,611 shares of the company's stock valued at $5,409,000 after acquiring an additional 9,790 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Ponce Financial Group by 9.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 715,744 shares of the company's stock valued at $6,542,000 after acquiring an additional 64,452 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Ponce Financial Group during the 3rd quarter valued at about $514,000. Finally, Barclays PLC increased its holdings in shares of Ponce Financial Group by 267.8% during the 3rd quarter. Barclays PLC now owns 25,370 shares of the company's stock valued at $297,000 after acquiring an additional 18,472 shares during the last quarter. 64.35% of the stock is currently owned by institutional investors.

Ponce Financial Group Stock Up 0.8 %

Shares of NASDAQ PDLB traded up $0.10 during mid-day trading on Thursday, reaching $13.40. 40,375 shares of the company traded hands, compared to its average volume of 43,088. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $319.32 million, a PE ratio of 36.22 and a beta of 0.65. The company's fifty day moving average is $12.97 and its two-hundred day moving average is $11.76. Ponce Financial Group, Inc. has a fifty-two week low of $7.89 and a fifty-two week high of $13.43.

Ponce Financial Group (NASDAQ:PDLB - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. Ponce Financial Group had a return on equity of 3.15% and a net margin of 5.31%. On average, analysts expect that Ponce Financial Group, Inc. will post 0.44 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.