Ponce Financial Group (NASDAQ:PDLB) Rating Lowered to “Hold” at Wall Street Zen

Ponce Financial Group (NASDAQ:PDLB) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other equities research analysts have also recently issued reports on PDLB. Zacks Research upgraded shares of Ponce Financial Group to a “hold” rating in a research report on Friday, February 6th. Weiss Ratings upgraded shares of Ponce Financial Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Ponce Financial Group presently has a consensus rating of “Buy”.

Ponce Financial Group Stock Performance

Shares of Ponce Financial Group stock opened at $17.84 on Friday. The stock has a market capitalization of $431.55 million, a P/E ratio of 13.72 and a beta of 0.67. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.88. The company has a 50-day simple moving average of $16.98 and a 200 day simple moving average of $16.37. Ponce Financial Group has a 12-month low of $12.81 and a 12-month high of $18.05.

Ponce Financial Group (NASDAQ:PDLB) last announced its earnings results on Friday, April 24th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.09. The business had revenue of $30.27 million during the quarter, compared to analysts’ expectations of $26.70 million. Ponce Financial Group had a net margin of 15.74% and a return on equity of 10.26%. Research analysts expect that Ponce Financial Group will post 10.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ponce Financial Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PDLB. Jane Street Group LLC acquired a new stake in Ponce Financial Group in the 1st quarter valued at about $277,000. Franklin Resources Inc. acquired a new stake in Ponce Financial Group in the 2nd quarter valued at about $181,000. Rhumbline Advisers increased its position in Ponce Financial Group by 31.0% in the 2nd quarter. Rhumbline Advisers now owns 26,348 shares of the company’s stock valued at $365,000 after acquiring an additional 6,231 shares in the last quarter. American Century Companies Inc. increased its position in Ponce Financial Group by 27.9% in the 2nd quarter. American Century Companies Inc. now owns 18,378 shares of the company’s stock valued at $254,000 after acquiring an additional 4,008 shares in the last quarter. Finally, Invesco Ltd. acquired a new stake in Ponce Financial Group in the 2nd quarter valued at about $169,000. Institutional investors and hedge funds own 64.35% of the company’s stock.

About Ponce Financial Group

Ponce Financial Group, Inc (NASDAQ: PDLB) is a bank holding company based in Puerto Rico. Through its primary subsidiary, Banco Ponce, the company offers a range of commercial and retail banking services tailored to individuals, small businesses and corporate clients across the island.

The company’s core business activities include deposit-taking, commercial and consumer lending, mortgage origination and servicing, and treasury management solutions. In addition to traditional banking products, Ponce Financial Group provides cash management, electronic banking and wealth management services designed to support the financial needs of its diverse client base.

Ponce Financial Group operates exclusively in Puerto Rico, serving both urban and rural communities through its branch network.