M3F Inc. Boosts Stock Holdings in Ponce Financial Group, Inc. $PDLB

M3F Inc. lifted its holdings in Ponce Financial Group, Inc. (NASDAQ:PDLB) by 8.0% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,003,960 shares of the company’s stock after buying an additional 147,979 shares during the period. Ponce Financial Group makes up approximately 8.3% of M3F Inc.’s portfolio, making the stock its 2nd biggest holding. M3F Inc. owned 0.08% of Ponce Financial Group worth $33,486,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PDLB. Zacks Investment Management purchased a new position in Ponce Financial Group in the fourth quarter worth $661,000. Occudo Quantitative Strategies LP bought a new position in Ponce Financial Group during the fourth quarter valued at about $197,000. AQR Capital Management LLC bought a new position in Ponce Financial Group during the fourth quarter valued at about $225,000. Trexquant Investment LP increased its holdings in Ponce Financial Group by 42.3% during the fourth quarter. Trexquant Investment LP now owns 39,756 shares of the company’s stock worth $650,000 after buying an additional 11,813 shares during the last quarter. Finally, Mangrove Partners IM LLC boosted its stake in Ponce Financial Group by 6.5% in the fourth quarter. Mangrove Partners IM LLC now owns 191,343 shares of the company’s stock valued at $3,128,000 after acquiring an additional 11,645 shares during the last quarter. 64.35% of the stock is owned by hedge funds and other institutional investors.

Ponce Financial Group Stock Performance

Shares of PDLB stock opened at $20.11 on Monday. The firm’s 50 day moving average is $18.70 and its 200 day moving average is $17.41. The stock has a market capitalization of $486.46 million, a P/E ratio of 15.47 and a beta of 0.68. Ponce Financial Group, Inc. has a 12 month low of $13.65 and a 12 month high of $20.62. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.75.

Ponce Financial Group (NASDAQ:PDLB) last released its quarterly earnings data on Friday, April 24th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.09. The business had revenue of $30.27 million during the quarter, compared to analyst estimates of $26.70 million. Ponce Financial Group had a net margin of 15.74% and a return on equity of 10.09%. On average, sell-side analysts anticipate that Ponce Financial Group, Inc. will post 10.53 earnings per share for the current year.

Wall Street Analyst Weigh In

PDLB has been the subject of a number of research reports. Zacks Research raised shares of Ponce Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 25th. Weiss Ratings downgraded Ponce Financial Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Wall Street Zen lowered Ponce Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, New Street Research set a $24.00 target price on Ponce Financial Group in a research note on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Strong Buy” and a consensus target price of $24.00.

Ponce Financial Group Profile

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.