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

Ponce Financial Group, Inc. (NASDAQ:PDLB) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 96,100 shares, a decline of 25.2% from the January 15th total of 128,400 shares. Based on an average daily trading volume, of 48,900 shares, the short-interest ratio is presently 2.0 days.

Ponce Financial Group Price Performance

PDLB stock remained flat at $13.46 during midday trading on Friday. 34,568 shares of the company’s stock traded hands, compared to its average volume of 43,351. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 2.08. Ponce Financial Group has a 12-month low of $7.89 and a 12-month high of $13.97. The business has a fifty day moving average price of $13.12 and a two-hundred day moving average price of $12.06. The firm has a market cap of $320.75 million, a PE ratio of 28.64 and a beta of 0.65.

Ponce Financial Group (NASDAQ:PDLB) last announced its 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%. Equities analysts expect that Ponce Financial Group will post 0.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Ponce Financial Group

A number of institutional investors have recently added to or reduced their stakes in the stock. American Capital Advisory LLC grew its holdings in Ponce Financial Group by 150.0% during the 4th quarter. American Capital Advisory LLC now owns 2,500 shares of the company’s stock worth $32,000 after acquiring an additional 1,500 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Ponce Financial Group in the 4th quarter valued at $115,000. PDT Partners LLC bought a new stake in shares of Ponce Financial Group in the 4th quarter valued at $133,000. Wells Fargo & Company MN boosted its stake in shares of Ponce Financial Group by 11.7% in the 4th quarter. Wells Fargo & Company MN now owns 12,351 shares of the company’s stock valued at $161,000 after purchasing an additional 1,298 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in shares of Ponce Financial Group in the 4th quarter valued at $177,000. 64.35% of the stock is currently owned by institutional investors and hedge funds.

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.