Ponce Financial Group, Inc. (NASDAQ:PDLB) Sees Large Decrease in Short Interest

Ponce Financial Group, Inc. (NASDAQ:PDLB) saw a significant drop in short interest in January. As of January 31st, there was short interest totalling 96,100 shares, a drop of 25.2% from the January 15th total of 128,400 shares. Based on an average trading volume of 48,900 shares, the short-interest ratio is presently 2.0 days.

Institutional Investors Weigh In On Ponce Financial Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Los Angeles Capital Management LLC lifted its position in Ponce Financial Group by 20.0% during the third quarter. Los Angeles Capital Management LLC now owns 56,194 shares of the company’s stock valued at $657,000 after purchasing an additional 9,369 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Ponce Financial Group during the third quarter valued at $514,000. Charles Schwab Investment Management Inc. lifted its position in Ponce Financial Group by 6.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 57,621 shares of the company’s stock valued at $674,000 after purchasing an additional 3,500 shares during the period. Barclays PLC lifted its position in Ponce Financial Group by 267.8% during the third quarter. Barclays PLC now owns 25,370 shares of the company’s stock valued at $297,000 after purchasing an additional 18,472 shares during the period. Finally, Geode Capital Management LLC lifted its position 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 valued at $5,409,000 after purchasing an additional 9,790 shares during the period. 64.35% of the stock is currently owned by institutional investors and hedge funds.

Ponce Financial Group Stock Performance

PDLB remained flat at $13.46 during trading on Friday. 34,568 shares of the company’s stock traded hands, compared to its average volume of 43,351. The stock has a market cap of $320.75 million, a P/E ratio of 28.64 and a beta of 0.65. Ponce Financial Group has a 52 week low of $7.89 and a 52 week high of $13.97. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 2.08. The business’s fifty day simple moving average is $13.12 and its 200 day simple moving average is $12.06.

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

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.