Wittenberg Investment Management Inc. lessened its stake in shares of Ponce Financial Group, Inc. (NASDAQ:PDLB - Free Report) by 39.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 64,217 shares of the company's stock after selling 41,100 shares during the period. Wittenberg Investment Management Inc. owned approximately 0.27% of Ponce Financial Group worth $835,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Rangeley Capital LLC acquired a new stake in shares of Ponce Financial Group in the 4th quarter worth $598,000. MassMutual Private Wealth & Trust FSB purchased a new position in Ponce Financial Group during the fourth quarter valued at $534,000. JPMorgan Chase & Co. raised its stake in Ponce Financial Group by 107.5% in the 4th quarter. JPMorgan Chase & Co. now owns 66,647 shares of the company's stock valued at $866,000 after purchasing an additional 34,534 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Ponce Financial Group during the fourth quarter worth $415,000. Finally, Barclays PLC boosted its stake in Ponce Financial Group by 267.8% during the third quarter. Barclays PLC now owns 25,370 shares of the company's stock worth $297,000 after buying an additional 18,472 shares during the last quarter. 64.35% of the stock is owned by institutional investors.
Ponce Financial Group Trading Down 2.5 %
NASDAQ PDLB traded down $0.29 during trading hours on Wednesday, reaching $11.15. The company had a trading volume of 21,704 shares, compared to its average volume of 48,435. Ponce Financial Group, Inc. has a 1-year low of $7.89 and a 1-year high of $13.97. The stock has a 50-day moving average of $12.92 and a 200 day moving average of $12.60. The stock has a market capitalization of $267.10 million, a P/E ratio of 23.71 and a beta of 0.50. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 2.08.
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 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 anticipate that Ponce Financial Group, Inc. will post 0.39 earnings per share for the current fiscal year.
Ponce Financial Group Company Profile
(
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.
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