Ponce Financial Group (NASDAQ:PDLB) Releases Quarterly Earnings Results, Beats Estimates By $0.24 EPS

Ponce Financial Group (NASDAQ:PDLB) issued its quarterly earnings data on Monday. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.24, Zacks reports. Ponce Financial Group had a return on equity of 10.52% and a net margin of 16.51%.

Ponce Financial Group Trading Up 0.8%

Shares of NASDAQ:PDLB opened at $20.77 on Monday. The firm has a fifty day moving average of $20.30 and a two-hundred day moving average of $19.48. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.85. Ponce Financial Group has a 12-month low of $13.91 and a 12-month high of $21.10. The firm has a market capitalization of $502.55 million, a P/E ratio of 14.79 and a beta of 0.72.

Analyst Ratings Changes

PDLB has been the topic of several research analyst reports. Zacks Research cut Ponce Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Weiss Ratings upgraded shares of Ponce Financial Group from a “buy (a-)” rating to a “buy (a)” rating in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $24.00.

Ponce Financial Group Company Profile

Ponce Financial Group, Inc is the holding company for Ponce Bank, a community-focused savings bank headquartered in the Bronx, New York. Through its banking subsidiary, the company provides financial services to individuals, families, businesses and nonprofit organizations in the New York metropolitan area.

Ponce Bank’s primary offerings include deposit accounts, residential and commercial real estate lending, multifamily and construction loans, commercial and industrial financing, consumer loans and other traditional banking services.