Ponce Financial Group's (PDLB) "Hold (C+)" Rating Reaffirmed at Weiss Ratings

Key Points

• Ponce Financial Group's stock has received a "Hold (C+)" rating reaffirmed by Weiss Ratings, with an average rating of "Hold" currently held by two equity research analysts.
• Zacks Research downgraded Ponce Financial Group from a "strong-buy" to a "hold" rating, signaling a cautious outlook from some analysts.
• The company reported $0.25 earnings per share, exceeding the consensus estimate of $0.17, with revenue also surpassing expectations at $26.49 million for the recent quarter.

Ponce Financial Group (NASDAQ:PDLB - Get Free Report)'s stock had its "hold (c+)" rating reissued by investment analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,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, Based on data from MarketBeat.com, the company currently has an average rating of "Hold".

Ponce Financial Group Stock Performance

Shares of Ponce Financial Group stock opened at $14.54 on Wednesday. The business has a 50-day moving average of $14.64 and a 200 day moving average of $13.65. Ponce Financial Group has a 12 month low of $10.88 and a 12 month high of $15.21. The stock has a market capitalization of $348.96 million, a price-to-earnings ratio of 20.19 and a beta of 0.82. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.28 and a quick ratio of 1.27.

Ponce Financial Group (NASDAQ:PDLB - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.08. The business had revenue of $26.49 million during the quarter, compared to analysts' expectations of $25.40 million. Ponce Financial Group had a return on equity of 6.09% and a net margin of 9.59%. As a group, sell-side analysts forecast that Ponce Financial Group will post 0.39 earnings per share for the current year.

Institutional Investors Weigh In On Ponce Financial Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. PDT Partners LLC raised its position in shares of 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 acquiring an additional 820 shares in the last quarter. First Trust Advisors LP raised its position in shares of Ponce Financial Group by 6.3% during the 2nd quarter. First Trust Advisors LP now owns 15,335 shares of the company's stock worth $212,000 after acquiring an additional 912 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of 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 worth $49,000 after acquiring an additional 1,114 shares in the last quarter. American Century Companies Inc. raised its position in shares of Ponce Financial Group by 27.9% during the 2nd quarter. American Century Companies Inc. now owns 18,378 shares of the company's stock worth $254,000 after acquiring an additional 4,008 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Ponce Financial Group by 31.0% during the 2nd quarter. Rhumbline Advisers now owns 26,348 shares of the company's stock worth $365,000 after acquiring an additional 6,231 shares in the last quarter. Institutional investors and hedge funds own 64.35% of the company's stock.

About Ponce Financial Group

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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