Ponce Financial Group (NASDAQ:PDLB) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of Ponce Financial Group (NASDAQ:PDLB) from a buy rating to a hold rating in a report released on Saturday morning.

Other equities analysts have also recently issued research reports about the stock. Zacks Research upgraded shares of Ponce Financial Group to a “hold” rating in a research report on Friday, February 6th. Weiss Ratings upgraded shares of Ponce Financial Group from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Ponce Financial Group Stock Down 0.6%

Shares of NASDAQ PDLB opened at $17.84 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.88. Ponce Financial Group has a 52 week low of $12.81 and a 52 week high of $18.05. The firm has a 50-day moving average price of $16.98 and a 200 day moving average price of $16.37. The stock has a market capitalization of $431.01 million, a price-to-earnings ratio of 13.72 and a beta of 0.67.

Ponce Financial Group (NASDAQ:PDLB) last announced its quarterly earnings data on Friday, April 24th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.27 by $0.09. The firm had revenue of $30.27 million during the quarter, compared to analysts’ expectations of $26.70 million. Ponce Financial Group had a net margin of 15.74% and a return on equity of 10.26%. Equities research analysts anticipate that Ponce Financial Group will post 10.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Ponce Financial Group

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its holdings in shares of Ponce Financial Group by 2.8% during the first quarter. Dimensional Fund Advisors LP now owns 939,100 shares of the company’s stock worth $15,692,000 after buying an additional 25,634 shares in the last quarter. M3F Inc. grew its holdings in shares of Ponce Financial Group by 8.0% during the first quarter. M3F Inc. now owns 2,003,960 shares of the company’s stock worth $33,486,000 after buying an additional 147,979 shares in the last quarter. Zacks Investment Management purchased a new stake in shares of Ponce Financial Group during the fourth quarter worth about $661,000. Occudo Quantitative Strategies LP purchased a new stake in shares of Ponce Financial Group during the fourth quarter worth about $197,000. Finally, AQR Capital Management LLC purchased a new stake in shares of Ponce Financial Group during the fourth quarter worth about $225,000. 64.35% of the stock is currently owned by hedge funds and other institutional investors.

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.