Ponce Financial Group (NASDAQ:PDLB) Raised to “Buy” at Wall Street Zen

Ponce Financial Group (NASDAQ:PDLB) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other research analysts have also weighed in on PDLB. Zacks Research raised Ponce Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Janney Montgomery Scott upgraded Ponce Financial Group to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Ponce Financial Group in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Ponce Financial Group Price Performance

Shares of PDLB opened at $16.82 on Friday. The business has a 50-day moving average of $15.64 and a 200-day moving average of $14.78. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.29 and a quick ratio of 1.28. The company has a market capitalization of $403.68 million, a price-to-earnings ratio of 18.90 and a beta of 0.73. Ponce Financial Group has a 1 year low of $10.88 and a 1 year high of $18.01.

Ponce Financial Group (NASDAQ:PDLB) last released its quarterly earnings results on Friday, October 24th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.05. Ponce Financial Group had a net margin of 11.46% and a return on equity of 7.35%. The firm had revenue of $26.74 million during the quarter. As a group, equities research analysts anticipate that Ponce Financial Group will post 0.39 earnings per share for the current year.

Institutional Trading of Ponce Financial Group

Several hedge funds have recently bought and sold shares of PDLB. Russell Investments Group Ltd. raised its holdings in Ponce Financial Group by 275.8% during the third quarter. Russell Investments Group Ltd. now owns 2,698 shares of the company’s stock worth $40,000 after buying an additional 1,980 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Ponce Financial Group by 46.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,510 shares of the company’s stock valued at $49,000 after buying an additional 1,114 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Ponce Financial Group by 104.5% during the third quarter. BNP Paribas Financial Markets now owns 3,928 shares of the company’s stock worth $58,000 after acquiring an additional 2,007 shares in the last quarter. PDT Partners LLC raised its holdings in shares of Ponce Financial Group by 8.0% in the 1st quarter. PDT Partners LLC now owns 11,081 shares of the company’s stock worth $140,000 after acquiring an additional 820 shares during the last quarter. Finally, Cornerstone Investment Partners LLC bought a new position in Ponce Financial Group in the 2nd quarter valued at about $147,000. Institutional investors and hedge funds own 64.35% of the company’s stock.

Ponce Financial Group Company Profile

Ponce Financial Group, Inc (NASDAQ: PDLB) is a bank holding company based in Puerto Rico. Through its primary subsidiary, Banco Ponce, the company offers a range of commercial and retail banking services tailored to individuals, small businesses and corporate clients across the island.

The company’s core business activities include deposit-taking, commercial and consumer lending, mortgage origination and servicing, and treasury management solutions. In addition to traditional banking products, Ponce Financial Group provides cash management, electronic banking and wealth management services designed to support the financial needs of its diverse client base.

Ponce Financial Group operates exclusively in Puerto Rico, serving both urban and rural communities through its branch network.