Ponce Financial Group, Inc. (NASDAQ:PDLB) Short Interest Update

Ponce Financial Group, Inc. (NASDAQ:PDLB - Get Free Report) was the target of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 125,100 shares, a decline of 16.9% from the March 31st total of 150,600 shares. Based on an average daily trading volume, of 36,700 shares, the days-to-cover ratio is currently 3.4 days.

Institutional Trading of Ponce Financial Group

Several large investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC boosted its stake in shares of Ponce Financial Group by 166.5% during the 1st quarter. Los Angeles Capital Management LLC now owns 53,225 shares of the company's stock worth $474,000 after acquiring an additional 33,252 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Ponce Financial Group during the 4th quarter worth about $106,000. Wittenberg Investment Management Inc. boosted its stake in shares of Ponce Financial Group by 18.7% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 105,317 shares of the company's stock worth $824,000 after acquiring an additional 16,600 shares in the last quarter. Finally, Brandywine Global Investment Management LLC bought a new stake in shares of Ponce Financial Group during the 3rd quarter worth about $89,000. Institutional investors own 64.35% of the company's stock.

Ponce Financial Group Stock Down 1.0 %

Shares of Ponce Financial Group stock traded down $0.08 during trading on Friday, hitting $8.15. 15,618 shares of the stock traded hands, compared to its average volume of 24,731. The stock has a market cap of $193.89 million, a P/E ratio of 54.33 and a beta of 0.55. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.35 and a current ratio of 1.36. Ponce Financial Group has a twelve month low of $6.51 and a twelve month high of $10.19. The company has a fifty day moving average price of $8.59 and a two-hundred day moving average price of $8.79.

Ponce Financial Group (NASDAQ:PDLB - Get Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. The business had revenue of $18.48 million during the quarter, compared to analyst estimates of $18.60 million. Ponce Financial Group had a return on equity of 1.26% and a net margin of 2.46%. Equities research analysts predict that Ponce Financial Group will post -0.05 EPS for the current fiscal 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.