Ponce Financial Group (NASDAQ:PDLB) Issues Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Ponce Financial Group (NASDAQ:PDLB) announced its quarterly earnings results on Tuesday. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.13, Zacks reports. The firm had revenue of $41.05 million during the quarter, compared to analysts’ expectations of $19.80 million. Ponce Financial Group had a net margin of 5.52% and a return on equity of 3.29%.

Ponce Financial Group Stock Down 0.7 %

Shares of NASDAQ:PDLB opened at $9.90 on Thursday. The company has a market capitalization of $235.72 million, a price-to-earnings ratio of 39.60 and a beta of 0.61. The business’s 50-day moving average is $9.27 and its 200-day moving average is $8.92. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.35 and a quick ratio of 1.34. Ponce Financial Group has a 1 year low of $7.31 and a 1 year 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.