T. Rowe Price Investment Management Inc. Cuts Stock Position in Ponce Financial Group, Inc. (NASDAQ:PDLB)

T. Rowe Price Investment Management Inc. lessened its stake in shares of Ponce Financial Group, Inc. (NASDAQ:PDLB - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,301,341 shares of the company's stock after selling 82,500 shares during the period. T. Rowe Price Investment Management Inc. owned 9.66% of Ponce Financial Group worth $29,918,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PDLB. American Century Companies Inc. increased its holdings in shares of Ponce Financial Group by 8.2% in the fourth quarter. American Century Companies Inc. now owns 14,419 shares of the company's stock valued at $187,000 after purchasing an additional 1,096 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Ponce Financial Group by 11.7% in the 4th quarter. Wells Fargo & Company MN now owns 12,351 shares of the company's stock valued at $161,000 after buying an additional 1,298 shares during the period. American Capital Advisory LLC boosted its position in shares of Ponce Financial Group by 150.0% during the fourth quarter. American Capital Advisory LLC now owns 2,500 shares of the company's stock valued at $32,000 after buying an additional 1,500 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Ponce Financial Group by 1.7% during the 4th quarter. Renaissance Technologies LLC now owns 160,435 shares of the company's stock worth $2,086,000 after purchasing an additional 2,700 shares during the period. Finally, Barclays PLC increased its stake in shares of Ponce Financial Group by 14.6% in the fourth quarter. Barclays PLC now owns 29,085 shares of the company's stock worth $378,000 after purchasing an additional 3,715 shares in the last quarter. Institutional investors own 64.35% of the company's stock.

Ponce Financial Group Price Performance

NASDAQ PDLB traded up $0.27 during trading hours on Friday, reaching $13.16. 29,805 shares of the stock traded hands, compared to its average volume of 49,776. The company has a market cap of $315.27 million, a price-to-earnings ratio of 27.99 and a beta of 0.50. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.26 and a quick ratio of 1.26. Ponce Financial Group, Inc. has a 1 year low of $8.30 and a 1 year high of $13.97. The stock has a 50 day simple moving average of $12.31 and a two-hundred day simple moving average of $12.62.

Ponce Financial Group (NASDAQ:PDLB - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The company reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.16. Ponce Financial Group had a return on equity of 4.01% and a net margin of 6.46%. The firm had revenue of $24.58 million for the quarter, compared to analysts' expectations of $23.40 million. On average, analysts predict that Ponce Financial Group, Inc. will post 0.39 EPS for the current fiscal year.

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.