JPMorgan Chase & Co. Has $866,000 Stock Holdings in Ponce Financial Group, Inc. (NASDAQ:PDLB)

JPMorgan Chase & Co. grew its stake in shares of Ponce Financial Group, Inc. (NASDAQ:PDLB - Free Report) by 107.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 66,647 shares of the company's stock after acquiring an additional 34,534 shares during the period. JPMorgan Chase & Co. owned about 0.28% of Ponce Financial Group worth $866,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in shares of Ponce Financial Group by 2.2% during the third quarter. Geode Capital Management LLC now owns 462,611 shares of the company's stock valued at $5,409,000 after purchasing an additional 9,790 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Ponce Financial Group during the fourth quarter valued at about $415,000. MassMutual Private Wealth & Trust FSB purchased a new stake in Ponce Financial Group during the fourth quarter valued at about $534,000. SG Americas Securities LLC acquired a new position in shares of Ponce Financial Group in the fourth quarter worth about $115,000. Finally, American Century Companies Inc. increased its position in shares of Ponce Financial Group by 8.2% in the fourth quarter. American Century Companies Inc. now owns 14,419 shares of the company's stock worth $187,000 after acquiring an additional 1,096 shares in the last quarter. 64.35% of the stock is owned by institutional investors.

Ponce Financial Group Trading Up 2.7 %

Shares of NASDAQ:PDLB traded up $0.35 during mid-day trading on Friday, hitting $13.24. The stock had a trading volume of 48,302 shares, compared to its average volume of 50,058. The company's 50 day moving average is $12.32 and its 200-day moving average is $12.64. Ponce Financial Group, Inc. has a 12-month low of $8.42 and a 12-month high of $13.97. 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 company has a market cap of $317.56 million, a PE ratio of 28.17 and a beta of 0.65.

Ponce Financial Group (NASDAQ:PDLB - Get Free Report) last released its earnings results on Friday, April 25th. The company reported $0.25 earnings per share (EPS) for the quarter, beating 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 company had revenue of $24.58 million during the quarter, compared to analyst estimates of $23.40 million. On average, sell-side 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.