Ponce Financial Group, Inc. (NASDAQ:PDLB - Get Free Report) saw a significant growth in short interest in February. As of February 28th, there was short interest totalling 105,000 shares, a growth of 28.0% from the February 13th total of 82,000 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 47,700 shares, the short-interest ratio is presently 2.2 days.
Ponce Financial Group Price Performance
Shares of NASDAQ PDLB traded down $0.01 on Friday, hitting $12.89. The company's stock had a trading volume of 30,860 shares, compared to its average volume of 45,161. Ponce Financial Group has a 12-month low of $7.89 and a 12-month high of $14.30. The company has a market capitalization of $308.92 million, a price-to-earnings ratio of 27.43 and a beta of 0.68. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a 50 day moving average of $13.13 and a 200-day moving average of $12.48.
Ponce Financial Group (NASDAQ:PDLB - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. Ponce Financial Group had a net margin of 6.46% and a return on equity of 4.01%. As a group, research analysts predict that Ponce Financial Group will post 0.39 EPS for the current year.
Hedge Funds Weigh In On Ponce Financial Group
Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of Ponce Financial Group by 170.4% in the third quarter. JPMorgan Chase & Co. now owns 32,113 shares of the company's stock valued at $375,000 after buying an additional 20,239 shares during the last quarter. Charles Schwab Investment Management Inc. increased 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 worth $674,000 after purchasing an additional 3,500 shares during the last quarter. Geode Capital Management LLC increased 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 worth $5,409,000 after purchasing an additional 9,790 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Ponce Financial Group during the third quarter worth approximately $514,000. Finally, SG Americas Securities LLC acquired a new position in Ponce Financial Group during the fourth quarter worth approximately $115,000. Institutional investors and hedge funds own 64.35% of the company's stock.
About Ponce Financial Group
(
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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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