American Capital Advisory LLC Buys 1,500 Shares of Ponce Financial Group, Inc. (NASDAQ:PDLB)

American Capital Advisory LLC boosted its stake in Ponce Financial Group, Inc. (NASDAQ:PDLB) by 150.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,500 shares of the company’s stock after purchasing an additional 1,500 shares during the quarter. American Capital Advisory LLC’s holdings in Ponce Financial Group were worth $32,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Ponce Financial Group during the 3rd quarter valued at $514,000. MassMutual Private Wealth & Trust FSB bought a new position in Ponce Financial Group in the fourth quarter valued at $534,000. JPMorgan Chase & Co. raised its position in Ponce Financial Group by 170.4% during the third quarter. JPMorgan Chase & Co. now owns 32,113 shares of the company’s stock valued at $375,000 after purchasing an additional 20,239 shares in the last quarter. Barclays PLC lifted its stake in Ponce Financial Group by 267.8% during the third quarter. Barclays PLC now owns 25,370 shares of the company’s stock worth $297,000 after purchasing an additional 18,472 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 9,790 shares in the last quarter. 64.35% of the stock is currently owned by institutional investors.

Ponce Financial Group Stock Performance

Shares of NASDAQ PDLB opened at $13.65 on Friday. The stock’s 50-day moving average is $13.08 and its 200 day moving average is $11.93. The stock has a market cap of $325.28 million, a price-to-earnings ratio of 29.04 and a beta of 0.65. Ponce Financial Group, Inc. 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 posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.12 EPS for the quarter, topping 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, sell-side analysts anticipate that Ponce Financial Group, Inc. will post 0.39 EPS for the current fiscal year.

Ponce Financial Group 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.