Ponce Financial Group, Inc. (NASDAQ:PDLB - Get Free Report) saw a significant decline in short interest in February. As of February 15th, there was short interest totalling 82,000 shares, a decline of 14.7% from the January 31st total of 96,100 shares. Based on an average daily trading volume, of 46,100 shares, the short-interest ratio is currently 1.8 days.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in Ponce Financial Group by 170.4% during the third quarter. JPMorgan Chase & Co. now owns 32,113 shares of the company's stock valued at $375,000 after purchasing an additional 20,239 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Ponce Financial Group by 6.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 57,621 shares of the company's stock valued at $674,000 after purchasing an additional 3,500 shares in the last quarter. Geode Capital Management LLC raised its position in Ponce Financial Group by 2.2% during the third quarter. Geode Capital Management LLC now owns 462,611 shares of the company's stock valued at $5,409,000 after purchasing an additional 9,790 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Ponce Financial Group during the third quarter valued at approximately $514,000. Finally, SG Americas Securities LLC acquired a new position in Ponce Financial Group during the fourth quarter valued at approximately $115,000. 64.35% of the stock is currently owned by institutional investors and hedge funds.
Ponce Financial Group Price Performance
Shares of NASDAQ PDLB traded down $0.05 during midday trading on Friday, reaching $12.86. The company's stock had a trading volume of 42,841 shares, compared to its average volume of 45,390. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.26 and a current ratio of 1.26. Ponce Financial Group has a fifty-two week low of $7.89 and a fifty-two week high of $13.97. The business's 50 day moving average price is $13.19 and its two-hundred day moving average price is $12.39. The company has a market cap of $306.44 million, a P/E ratio of 27.36 and a beta of 0.68.
Ponce Financial Group (NASDAQ:PDLB - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. Ponce Financial Group had a net margin of 6.46% and a return on equity of 4.01%. On average, analysts forecast that Ponce Financial Group will post 0.39 EPS for the current fiscal year.
Ponce Financial Group Company Profile
(
Get 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.
Featured Articles
Before you consider Ponce Financial Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ponce Financial Group wasn't on the list.
While Ponce Financial Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
