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

Wall Street Zen downgraded shares of Ponce Financial Group (NASDAQ:PDLB) from a buy rating to a hold rating in a research report sent to investors on Sunday morning.

Other equities research analysts have also issued reports about the company. Zacks Research upgraded Ponce Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ponce Financial Group in a research note on Wednesday, October 8th. Finally, Janney Montgomery Scott raised Ponce Financial Group to a “strong-buy” rating in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy”.

Ponce Financial Group Stock Performance

PDLB opened at $16.91 on Friday. The firm’s fifty day simple moving average is $15.09 and its two-hundred day simple moving average is $14.51. Ponce Financial Group has a 52-week low of $10.88 and a 52-week high of $16.99. The company has a market cap of $405.84 million, a price-to-earnings ratio of 19.00 and a beta of 0.73. The company has a quick ratio of 1.28, a current ratio of 1.29 and a debt-to-equity ratio of 1.71.

Ponce Financial Group (NASDAQ:PDLB) last released its quarterly earnings results on Friday, October 24th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. The firm had revenue of $26.74 million during the quarter. Ponce Financial Group had a net margin of 11.46% and a return on equity of 7.35%. Equities analysts anticipate that Ponce Financial Group will post 0.39 earnings per share for the current fiscal year.

Institutional Trading of Ponce Financial Group

A number of institutional investors have recently added to or reduced their stakes in PDLB. Los Angeles Capital Management LLC boosted its holdings in Ponce Financial Group by 47.8% in the second quarter. Los Angeles Capital Management LLC now owns 59,474 shares of the company’s stock worth $823,000 after purchasing an additional 19,230 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Ponce Financial Group by 40.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 74,115 shares of the company’s stock worth $1,026,000 after buying an additional 21,218 shares during the last quarter. Cornerstone Investment Partners LLC bought a new stake in shares of Ponce Financial Group during the 2nd quarter worth about $147,000. Empirical Finance LLC acquired a new position in shares of Ponce Financial Group during the 2nd quarter valued at about $3,248,000. Finally, PDT Partners LLC increased its holdings 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 valued at $140,000 after acquiring an additional 820 shares during the last quarter. 64.35% of the stock is currently owned by institutional investors and hedge funds.

Ponce Financial Group Company Profile

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.