Ponce Financial Group (NASDAQ:PDLB) Trading 0.9% Higher - Should You Buy?

Ponce Financial Group, Inc. (NASDAQ:PDLB - Get Free Report) was up 0.9% during trading on Wednesday . The stock traded as high as $13.95 and last traded at $13.87. Approximately 32,509 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 51,067 shares. The stock had previously closed at $13.75.

Ponce Financial Group Trading Up 0.7%

The company has a market cap of $335.14 million, a price-to-earnings ratio of 22.90 and a beta of 0.66. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.25 and a current ratio of 1.26. The firm has a fifty day moving average price of $13.63 and a 200 day moving average price of $13.05.

Ponce Financial Group (NASDAQ:PDLB - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.16. The business had revenue of $24.58 million during the quarter, compared to the consensus estimate of $23.40 million. Ponce Financial Group had a return on equity of 5.18% and a net margin of 8.30%. As a group, equities analysts predict that Ponce Financial Group, Inc. will post 0.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Ponce Financial Group

A number of hedge funds and other institutional investors have recently modified their holdings of PDLB. Dimensional Fund Advisors LP raised its stake 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 purchasing an additional 45,082 shares in the last quarter. Bank of America Corp DE raised its position in shares of Ponce Financial Group by 1.2% in 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 in the last quarter. Renaissance Technologies LLC raised its holdings in Ponce Financial Group by 1.7% in the 4th quarter. Renaissance Technologies LLC now owns 160,435 shares of the company's stock valued at $2,086,000 after acquiring an additional 2,700 shares in the last quarter. Fourthstone LLC acquired a new position in shares of Ponce Financial Group in the 4th quarter valued at approximately $884,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of Ponce Financial Group by 107.5% during the 4th quarter. JPMorgan Chase & Co. now owns 66,647 shares of the company's stock worth $866,000 after buying an additional 34,534 shares in the last quarter. Institutional investors and hedge funds 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.