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

Ponce Financial Group, Inc. (NASDAQ:PDLB) was the target of a large decrease in short interest in February. As of February 15th, there was short interest totalling 82,000 shares, a decrease of 14.7% from the January 31st total of 96,100 shares. Based on an average trading volume of 46,100 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Trading of Ponce Financial Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Deutsche Bank AG raised its position in Ponce Financial Group by 35.3% in the 4th quarter. Deutsche Bank AG now owns 25,247 shares of the company’s stock valued at $328,000 after purchasing an additional 6,583 shares during the last quarter. Citadel Advisors LLC raised its holdings in shares of Ponce Financial Group by 77.6% in the fourth quarter. Citadel Advisors LLC now owns 27,801 shares of the company’s stock valued at $361,000 after buying an additional 12,144 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Ponce Financial Group by 1.2% during the fourth quarter. Bank of America Corp DE now owns 505,838 shares of the company’s stock worth $6,576,000 after buying an additional 5,825 shares during the period. BNP Paribas Financial Markets purchased a new position in shares of Ponce Financial Group during the fourth quarter worth about $68,000. Finally, PDT Partners LLC acquired a new position in Ponce Financial Group in the 4th quarter valued at about $133,000. 64.35% of the stock is owned by hedge funds and other institutional investors.

Ponce Financial Group Stock Down 0.3 %

Ponce Financial Group stock traded down $0.05 during mid-day trading on Thursday, hitting $12.85. The company had a trading volume of 18,411 shares, compared to its average volume of 45,080. 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 1 year low of $7.89 and a 1 year high of $13.97. The business has a fifty day moving average of $13.18 and a 200 day moving average of $12.36. The stock has a market cap of $306.08 million, a price-to-earnings ratio of 27.36 and a beta of 0.68.

Ponce Financial Group (NASDAQ:PDLB) last posted its earnings results on Tuesday, February 4th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates 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 expect 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.