Ponce Financial Group, Inc. (NASDAQ:PDLB) Short Interest Up 28.0% in February

Ponce Financial Group, Inc. (NASDAQ:PDLB) saw a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 105,000 shares, an increase of 28.0% from the February 13th total of 82,000 shares. Based on an average daily volume of 47,700 shares, the days-to-cover ratio is currently 2.2 days. Approximately 0.5% of the company’s shares are short sold.

Ponce Financial Group Stock Performance

PDLB stock opened at $12.75 on Wednesday. The firm has a market cap of $303.82 million, a PE ratio of 27.13 and a beta of 0.68. The business’s 50-day moving average price is $13.14 and its two-hundred day moving average price is $12.47. Ponce Financial Group has a 1-year low of $7.89 and a 1-year high of $13.97. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 2.08.

Ponce Financial Group (NASDAQ:PDLB) last released its earnings results on Tuesday, February 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Ponce Financial Group had a return on equity of 4.01% and a net margin of 6.46%. As a group, research analysts forecast that Ponce Financial Group will post 0.39 earnings per share for the current year.

Institutional Investors Weigh In On Ponce Financial Group

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in Ponce Financial Group by 5.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 830,675 shares of the company’s stock worth $10,798,000 after purchasing an additional 45,082 shares during the last quarter. Bank of America Corp DE lifted its stake in Ponce Financial Group by 1.2% during the fourth quarter. Bank of America Corp DE now owns 505,838 shares of the company’s stock worth $6,576,000 after purchasing an additional 5,825 shares during the last quarter. Geode Capital Management LLC lifted its stake in Ponce Financial Group by 2.2% during the third quarter. Geode Capital Management LLC now owns 462,611 shares of the company’s stock worth $5,409,000 after purchasing an additional 9,790 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Ponce Financial Group by 1.7% during the fourth quarter. Renaissance Technologies LLC now owns 160,435 shares of the company’s stock worth $2,086,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Fourthstone LLC bought a new stake in Ponce Financial Group during the fourth quarter worth $884,000. 64.35% of the stock is currently 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.