Ponce Financial Group, Inc. $PDLB Stock Holdings Lessened by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. has reduced its stake in Ponce Financial Group by 23.7%, now owning approximately 0.24% of the company, valued at $728,000.
• Other institutional investors like Bank of America Corp and Citadel Advisors have increased their holdings, indicating growing interest from hedge funds, which collectively own 64.35% of the company's stock.
• Ponce Financial Group reported earnings of $0.25 per share for the last quarter, surpassing analysts' expectations of $0.17 per share, with revenue of $26.49 million.

Goldman Sachs Group Inc. trimmed its stake in shares of Ponce Financial Group, Inc. (NASDAQ:PDLB - Free Report) by 23.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,455 shares of the company's stock after selling 17,803 shares during the period. Goldman Sachs Group Inc. owned about 0.24% of Ponce Financial Group worth $728,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in Ponce Financial Group by 1.2% during the fourth quarter. Bank of America Corp DE now owns 505,838 shares of the company's stock valued at $6,576,000 after buying an additional 5,825 shares during the period. Citadel Advisors LLC lifted its position in shares of Ponce Financial Group by 77.6% in the fourth quarter. Citadel Advisors LLC now owns 27,801 shares of the company's stock worth $361,000 after buying an additional 12,144 shares during the last quarter. Deutsche Bank AG boosted its position in Ponce Financial Group by 35.3% during the fourth quarter. Deutsche Bank AG now owns 25,247 shares of the company's stock worth $328,000 after purchasing an additional 6,583 shares during the period. Jane Street Group LLC acquired a new position in Ponce Financial Group in the 1st quarter valued at $277,000. Finally, Operose Advisors LLC bought a new position in shares of Ponce Financial Group in the first quarter worth about $152,000. 64.35% of the stock is currently owned by hedge funds and other institutional investors.

Ponce Financial Group Stock Up 0.3%

Shares of PDLB stock opened at $14.92 on Wednesday. The firm has a market cap of $358.08 million, a PE ratio of 20.72 and a beta of 0.78. Ponce Financial Group, Inc. has a 12 month low of $10.88 and a 12 month high of $15.21. The stock has a 50 day moving average of $14.52 and a 200-day moving average of $13.51. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of 1.81.

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

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