Ponce Financial Group, Inc. (NASDAQ:PDLB – Get Free Report) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totalling 99,700 shares, a decrease of 13.7% from the May 31st total of 115,500 shares. Based on an average daily trading volume, of 25,800 shares, the days-to-cover ratio is presently 3.9 days.
Institutional Trading of Ponce Financial Group
Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in shares of Ponce Financial Group in the fourth quarter valued at $106,000. Los Angeles Capital Management LLC bought a new stake in Ponce Financial Group during the fourth quarter worth approximately $195,000. Finally, Vanguard Group Inc. grew its position in Ponce Financial Group by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,079,224 shares of the company’s stock worth $9,605,000 after buying an additional 7,349 shares during the last quarter. 64.35% of the stock is currently owned by institutional investors.
Ponce Financial Group Stock Performance
PDLB traded down $0.02 during trading hours on Monday, hitting $9.12. The company’s stock had a trading volume of 57,448 shares, compared to its average volume of 34,689. The company has a 50-day simple moving average of $8.83 and a 200 day simple moving average of $8.92. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 2.53. The firm has a market capitalization of $217.17 million, a PE ratio of 36.56 and a beta of 0.61. Ponce Financial Group has a fifty-two week low of $7.31 and a fifty-two week high of $10.19.
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.
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