Ponce Financial Group (NASDAQ:PDLB) Announces Quarterly Earnings Results

Ponce Financial Group (NASDAQ:PDLB) announced its quarterly earnings data on Tuesday. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03, Zacks reports. Ponce Financial Group had a return on equity of 4.01% and a net margin of 6.46%.

Ponce Financial Group Trading Down 0.4 %

Ponce Financial Group stock traded down $0.06 during trading hours on Thursday, reaching $13.92. 3,868 shares of the company’s stock traded hands, compared to its average volume of 44,456. Ponce Financial Group has a fifty-two week low of $7.89 and a fifty-two week high of $13.97. The firm’s 50 day moving average is $13.04 and its 200-day moving average is $11.89. 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 capitalization of $331.59 million, a price-to-earnings ratio of 29.68 and a beta of 0.65.

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.