Ponce Financial Group (NASDAQ:PDLB) Trading 1.4% Higher - Still a Buy?

Key Points

• Ponce Financial Group's stock price rose 1.4% to $14.22, despite a decline in trading volume of 19% from its average.
• Recent analyst ratings show a downgrade from a "strong-buy" to a "hold" rating by Zacks Research, with a consensus rating of "Hold" from multiple analysts.
• Ponce Financial Group reported a quarterly EPS of $0.25, exceeding estimates, and has a market capitalization of $341.28 million, with a current ratio of 1.28 and a debt-to-equity ratio of 1.81.

Ponce Financial Group, Inc. (NASDAQ:PDLB - Get Free Report)'s share price traded up 1.4% during trading on Friday . The company traded as high as $14.34 and last traded at $14.22. 39,152 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 48,589 shares. The stock had previously closed at $14.02.

Analyst Ratings Changes

A number of analysts recently commented on the company. Zacks Research lowered Ponce Financial Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 26th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Ponce Financial Group in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold".

Ponce Financial Group Price Performance

The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of 1.81. The business has a fifty day simple moving average of $14.68 and a 200 day simple moving average of $13.73. The stock has a market capitalization of $341.28 million, a P/E ratio of 19.75 and a beta of 0.82.

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

Institutional Trading of Ponce Financial Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PDT Partners LLC increased its holdings in Ponce Financial Group by 8.0% during the 1st quarter. PDT Partners LLC now owns 11,081 shares of the company's stock worth $140,000 after purchasing an additional 820 shares in the last quarter. Operose Advisors LLC bought a new position in shares of Ponce Financial Group in the first quarter valued at approximately $152,000. First Trust Advisors LP grew its holdings in shares of Ponce Financial Group by 6.3% in the second quarter. First Trust Advisors LP now owns 15,335 shares of the company's stock valued at $212,000 after acquiring an additional 912 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of Ponce Financial Group in the second quarter valued at approximately $181,000. Finally, Invesco Ltd. bought a new position in shares of Ponce Financial Group in the second quarter valued at approximately $169,000. 64.35% of the stock is owned by institutional investors.

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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