Ponce Financial Group, Inc. $PDLB Shares Sold by 683 Capital Management LLC

Key Points

• 683 Capital Management LLC reduced its holdings in Ponce Financial Group, Inc. by 48.2%, ending the first quarter with 55,000 shares, valued at approximately $697,000.
• Ponce Financial Group reported earnings per share (EPS) of $0.25 for the recent quarter, exceeding the consensus estimate of $0.17, with revenue of $26.49 million.
• Institutional investors currently hold 64.35% of Ponce Financial Group's stock, indicating significant interest from large financial entities.

683 Capital Management LLC lessened its holdings in Ponce Financial Group, Inc. (NASDAQ:PDLB - Free Report) by 48.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,000 shares of the company's stock after selling 51,137 shares during the quarter. 683 Capital Management LLC owned about 0.23% of Ponce Financial Group worth $697,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in Ponce Financial Group by 5.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 830,675 shares of the company's stock worth $10,798,000 after buying an additional 45,082 shares during the period. BNP Paribas Financial Markets purchased a new stake in Ponce Financial Group in the 4th quarter worth approximately $68,000. Citadel Advisors LLC boosted its position in Ponce Financial Group by 77.6% in the 4th quarter. Citadel Advisors LLC now owns 27,801 shares of the company's stock worth $361,000 after purchasing an additional 12,144 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Ponce Financial Group in the 4th quarter worth approximately $415,000. Finally, Deutsche Bank AG boosted its position in Ponce Financial Group by 35.3% in the 4th quarter. Deutsche Bank AG now owns 25,247 shares of the company's stock worth $328,000 after purchasing an additional 6,583 shares in the last quarter. Institutional investors and hedge funds own 64.35% of the company's stock.

Ponce Financial Group Trading Down 0.1%

Ponce Financial Group stock opened at $14.84 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of 1.81. Ponce Financial Group, Inc. has a 12 month low of $10.74 and a 12 month high of $15.06. The stock's 50 day simple moving average is $14.25 and its two-hundred day simple moving average is $13.31. The firm has a market cap of $356.16 million, a PE ratio of 20.61 and a beta of 0.78.

Ponce Financial Group (NASDAQ:PDLB - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.17 by $0.08. Ponce Financial Group had a return on equity of 6.09% and a net margin of 9.59%.The business had revenue of $26.49 million for the quarter, compared to analyst estimates of $25.40 million. Analysts anticipate that Ponce Financial Group, Inc. will post 0.39 earnings per share for the current year.

Ponce Financial Group 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.

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