Ponce Financial Group (NASDAQ:PDLB) Given Hold (C+) Rating at Weiss Ratings

Ponce Financial Group (NASDAQ:PDLB - Get Free Report)'s stock had its "hold (c+)" rating restated by analysts at Weiss Ratings in a research report issued on Saturday,Weiss Ratings reports.

Separately, Zacks Research cut Ponce Financial Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 26th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of "Hold".

Ponce Financial Group Trading Up 1.6%

PDLB opened at $14.62 on Friday. The stock has a market cap of $350.88 million, a price-to-earnings ratio of 16.43 and a beta of 0.82. The stock's 50 day moving average price is $14.67 and its 200-day moving average price is $13.83. Ponce Financial Group has a one year low of $10.88 and a one year high of $15.21. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.27 and a current ratio of 1.28.

Ponce Financial Group (NASDAQ:PDLB - Get Free Report) last released its earnings results on Friday, October 24th. The company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.05. The firm had revenue of $26.74 million for the quarter. Ponce Financial Group had a return on equity of 6.09% and a net margin of 9.59%. On average, equities analysts forecast that Ponce Financial Group will post 0.39 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in Ponce Financial Group by 46.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,510 shares of the company's stock valued at $49,000 after acquiring an additional 1,114 shares in the last quarter. Cornerstone Investment Partners LLC bought a new stake in Ponce Financial Group during the 2nd quarter valued at $147,000. PDT Partners LLC boosted its position in Ponce Financial Group by 8.0% during the 1st quarter. PDT Partners LLC now owns 11,081 shares of the company's stock valued at $140,000 after acquiring an additional 820 shares in the last quarter. Panagora Asset Management Inc. bought a new stake in Ponce Financial Group during the 2nd quarter valued at $156,000. Finally, Operose Advisors LLC bought a new stake in Ponce Financial Group during the 1st quarter valued at $152,000. Institutional investors own 64.35% of the company's stock.

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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