Ponce Financial Group (NASDAQ:PDLB) Stock Rating Upgraded by Wall Street Zen

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

A number of other equities analysts have also commented on PDLB. Janney Montgomery Scott upgraded shares of Ponce Financial Group to a “strong-buy” rating in a research report on Wednesday, October 22nd. Zacks Research raised shares of Ponce Financial Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Ponce Financial Group in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Ponce Financial Group Price Performance

Shares of NASDAQ PDLB opened at $15.72 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.28 and a current ratio of 1.29. Ponce Financial Group has a fifty-two week low of $10.88 and a fifty-two week high of $16.09. The stock has a market cap of $377.28 million, a PE ratio of 17.66 and a beta of 0.73. The stock has a fifty day moving average of $14.91 and a 200-day moving average of $14.41.

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

Institutional Trading of Ponce Financial Group

A number of hedge funds have recently made changes to their positions in PDLB. Operose Advisors LLC purchased a new position in Ponce Financial Group in the first quarter worth $152,000. PDT Partners LLC lifted its stake in Ponce Financial Group by 8.0% during the first quarter. PDT Partners LLC now owns 11,081 shares of the company’s stock worth $140,000 after purchasing an additional 820 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Ponce Financial Group in the 1st quarter worth about $277,000. Cornerstone Investment Partners LLC bought a new position in shares of Ponce Financial Group during the 2nd quarter valued at about $147,000. Finally, Los Angeles Capital Management LLC raised its holdings in shares of Ponce Financial Group by 47.8% during the 2nd quarter. Los Angeles Capital Management LLC now owns 59,474 shares of the company’s stock valued at $823,000 after buying an additional 19,230 shares in the last quarter. 64.35% of the stock is owned by institutional investors.

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.