MassMutual Private Wealth & Trust FSB Sells 37,661 Shares of Ponce Financial Group, Inc. (NASDAQ:PDLB)

MassMutual Private Wealth & Trust FSB lowered its position in Ponce Financial Group, Inc. (NASDAQ:PDLB - Free Report) by 91.6% in the 1st quarter, according to the company in its most recent filing with the 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 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in Ponce Financial Group in the 4th quarter worth about $115,000. American Capital Advisory LLC boosted its stake in Ponce Financial Group by 150.0% in the 4th quarter. American Capital Advisory LLC now owns 2,500 shares of the company's stock worth $32,000 after purchasing an additional 1,500 shares during the period. Bank of New York Mellon Corp boosted its stake in Ponce Financial Group by 12.4% in the 4th quarter. Bank of New York Mellon Corp now owns 52,321 shares of the company's stock worth $680,000 after purchasing an additional 5,757 shares during the period. Raymond James Financial Inc. bought a new position in Ponce Financial Group in the 4th quarter worth about $415,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Ponce Financial Group by 30.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 57,115 shares of the company's stock worth $742,000 after purchasing an additional 13,179 shares during the period. Hedge funds and other institutional investors own 64.35% of the company's stock.

Ponce Financial Group Price Performance

NASDAQ PDLB traded up $0.16 during trading hours on Friday, hitting $13.36. The company had a trading volume of 24,718 shares, compared to its average volume of 51,337. Ponce Financial Group, Inc. has a 52 week low of $8.80 and a 52 week high of $14.05. The firm has a 50 day simple moving average of $12.67 and a 200 day simple moving average of $12.89. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market capitalization of $320.44 million, a price-to-earnings ratio of 28.43 and a beta of 0.65.

Ponce Financial Group (NASDAQ:PDLB - Get Free Report) last issued its earnings results on Friday, April 25th. The company reported $0.25 EPS for the quarter, topping the consensus estimate 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 business had revenue of $24.58 million during the quarter, compared to the consensus estimate of $23.40 million. Equities research analysts expect that Ponce Financial Group, Inc. will post 0.39 earnings per share for the current 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.