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

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

Several other analysts have also recently weighed in on PDLB. Zacks Research upgraded shares of Ponce Financial Group to a “hold” rating in a report on Friday, February 6th. Weiss Ratings upgraded shares of Ponce Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy”.

Ponce Financial Group Trading Down 0.1%

NASDAQ PDLB opened at $16.35 on Friday. Ponce Financial Group has a fifty-two week low of $10.88 and a fifty-two week high of $18.01. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.34 and a current ratio of 1.34. The stock has a 50 day simple moving average of $16.51 and a two-hundred day simple moving average of $15.77. The stock has a market cap of $395.02 million, a P/E ratio of 13.74 and a beta of 0.72.

Ponce Financial Group (NASDAQ:PDLB) last posted its earnings results on Tuesday, January 27th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.14. The firm had revenue of $31.41 million for the quarter. Ponce Financial Group had a return on equity of 9.52% and a net margin of 14.72%. On average, analysts forecast that Ponce Financial Group will post 0.39 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PDLB. Zacks Investment Management bought a new stake in shares of Ponce Financial Group during the fourth quarter valued at approximately $661,000. Occudo Quantitative Strategies LP purchased a new position in Ponce Financial Group during the fourth quarter valued at $197,000. AQR Capital Management LLC purchased a new position in Ponce Financial Group during the fourth quarter valued at $225,000. Trexquant Investment LP boosted its holdings in shares of Ponce Financial Group by 42.3% during the 4th quarter. Trexquant Investment LP now owns 39,756 shares of the company’s stock valued at $650,000 after buying an additional 11,813 shares in the last quarter. Finally, Mangrove Partners IM LLC boosted its holdings in shares of Ponce Financial Group by 6.5% during the 4th quarter. Mangrove Partners IM LLC now owns 191,343 shares of the company’s stock valued at $3,128,000 after buying an additional 11,645 shares in the last quarter. Hedge funds and other institutional investors own 64.35% of the company’s stock.

About Ponce Financial Group

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.