Ponce Financial Group, Inc. (NASDAQ:PDLB) Short Interest Update

Ponce Financial Group, Inc. (NASDAQ:PDLB) saw a significant 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 trading volume, of 47,700 shares, the short-interest ratio is currently 2.2 days. Currently, 0.5% of the company’s stock are short sold.

Institutional Trading of Ponce Financial Group

Several hedge funds and other institutional investors have recently made changes to their positions in PDLB. Los Angeles Capital Management LLC lifted its holdings in shares of Ponce Financial Group by 20.0% during the 3rd 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 last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Ponce Financial Group in the 3rd quarter worth $514,000. Charles Schwab Investment Management Inc. raised its stake in Ponce Financial Group by 6.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,621 shares of the company’s stock worth $674,000 after acquiring an additional 3,500 shares during the last quarter. Barclays PLC raised its stake in Ponce Financial Group by 267.8% in the 3rd quarter. Barclays PLC now owns 25,370 shares of the company’s stock worth $297,000 after acquiring an additional 18,472 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Ponce Financial Group by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 462,611 shares of the company’s stock worth $5,409,000 after acquiring an additional 9,790 shares during the last quarter. Hedge funds and other institutional investors own 64.35% of the company’s stock.

Ponce Financial Group Stock Up 0.6 %

Ponce Financial Group stock traded up $0.08 during mid-day trading on Monday, reaching $12.84. 12,434 shares of the company were exchanged, compared to its average volume of 45,188. The business has a fifty day moving average of $13.15 and a 200 day moving average of $12.45. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $305.85 million, a P/E ratio of 27.31 and a beta of 0.68. Ponce Financial Group has a 12-month low of $7.89 and a 12-month high of $13.97.

Ponce Financial Group (NASDAQ:PDLB) last posted its earnings results on Tuesday, February 4th. The company reported $0.12 earnings per share for the quarter, topping 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%. Research analysts anticipate that Ponce Financial Group will post 0.39 earnings per share for the current fiscal year.

About Ponce Financial Group

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.