MassMutual Private Wealth & Trust FSB Has $44,000 Holdings in Ponce Financial Group, Inc. (NASDAQ:PDLB)

MassMutual Private Wealth & Trust FSB cut its stake in Ponce Financial Group, Inc. (NASDAQ:PDLB - Free Report) by 91.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,439 shares of the company's stock after selling 37,661 shares during the quarter. MassMutual Private Wealth & Trust FSB's holdings in Ponce Financial Group were worth $44,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PDLB. American Capital Advisory LLC grew its position in shares of Ponce Financial Group by 150.0% in the 4th quarter. American Capital Advisory LLC now owns 2,500 shares of the company's stock valued at $32,000 after purchasing an additional 1,500 shares during the period. BNP Paribas Financial Markets acquired a new position in Ponce Financial Group during the 4th quarter worth approximately $68,000. SG Americas Securities LLC acquired a new position in Ponce Financial Group during the 4th quarter worth approximately $115,000. PDT Partners LLC acquired a new position in Ponce Financial Group during the 4th quarter worth approximately $133,000. Finally, Wells Fargo & Company MN boosted its position in Ponce Financial Group by 11.7% during the 4th quarter. Wells Fargo & Company MN now owns 12,351 shares of the company's stock worth $161,000 after acquiring an additional 1,298 shares during the last quarter. 64.35% of the stock is owned by institutional investors.

Ponce Financial Group Stock Down 0.6%

NASDAQ:PDLB traded down $0.08 during trading hours on Wednesday, reaching $13.34. 41,755 shares of the stock were exchanged, compared to its average volume of 51,309. Ponce Financial Group, Inc. has a twelve month low of $8.80 and a twelve month high of $14.05. 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 firm has a 50 day moving average of $12.63 and a 200 day moving average of $12.88. The stock has a market cap of $319.96 million, a PE ratio of 28.38 and a beta of 0.65.

Ponce Financial Group (NASDAQ:PDLB - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.16. Ponce Financial Group had a return on equity of 4.01% and a net margin of 6.46%. The firm had revenue of $24.58 million during the quarter, compared to the consensus estimate of $23.40 million. On average, equities analysts expect that Ponce Financial Group, Inc. will post 0.39 earnings per share for the current year.

Ponce Financial Group Company Profile

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.