Dimensional Fund Advisors LP Raises Holdings in Ponce Financial Group, Inc. (NASDAQ:PDLB)

Dimensional Fund Advisors LP raised its position in Ponce Financial Group, Inc. (NASDAQ:PDLB - Free Report) by 9.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 715,744 shares of the company's stock after purchasing an additional 64,452 shares during the quarter. Dimensional Fund Advisors LP owned 3.01% of Ponce Financial Group worth $6,542,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PDLB. Los Angeles Capital Management LLC increased its position in shares of Ponce Financial Group by 166.5% during the first quarter. Los Angeles Capital Management LLC now owns 53,225 shares of the company's stock worth $474,000 after acquiring an additional 33,252 shares during the period. Bank of New York Mellon Corp increased its position in shares of 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 worth $566,000 after acquiring an additional 7,537 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Ponce Financial Group by 0.7% during the first 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 in the last quarter. Hedge funds and other institutional investors own 64.35% of the company's stock.

Ponce Financial Group Stock Up 1.2 %

Shares of PDLB stock traded up $0.13 on Wednesday, reaching $11.14. 45,929 shares of the stock were exchanged, compared to its average volume of 46,604. The company has a current ratio of 1.35, a quick ratio of 1.33 and a debt-to-equity ratio of 2.50. The business's 50 day moving average price is $10.91 and its 200 day moving average price is $9.61. The company has a market capitalization of $265.27 million, a price-to-earnings ratio of 44.56 and a beta of 0.62. Ponce Financial Group, Inc. has a twelve month low of $7.34 and a twelve month high of $11.86.

Ponce Financial Group (NASDAQ:PDLB - Get Free Report) last issued its earnings results on Tuesday, July 30th. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.13. The firm had revenue of $41.05 million during the quarter, compared to the consensus estimate of $19.80 million. Ponce Financial Group had a net margin of 5.52% and a return on equity of 3.26%. As a group, sell-side analysts expect that Ponce Financial Group, Inc. will post 0.39 earnings per share for the current fiscal 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.