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

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

PDLB has been the subject of several other research reports. Weiss Ratings upgraded shares of Ponce Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Zacks Research upgraded shares of Ponce Financial Group to a “hold” rating in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Ponce Financial Group Stock Performance

PDLB stock opened at $16.25 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.29 and a debt-to-equity ratio of 1.71. The firm has a market cap of $390 million, a PE ratio of 13.66 and a beta of 0.72. The business has a 50 day moving average of $16.56 and a 200-day moving average of $15.59. Ponce Financial Group has a 12-month low of $10.88 and a 12-month high of $18.01.

Ponce Financial Group (NASDAQ:PDLB) last posted its quarterly earnings data on Tuesday, January 27th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.14. The business had revenue of $31.41 million for the quarter. Ponce Financial Group had a return on equity of 9.68% and a net margin of 14.72%. As a group, sell-side analysts expect that Ponce Financial Group will post 0.39 earnings per share for the current year.

Institutional Investors Weigh In On Ponce Financial Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its holdings in shares of Ponce Financial Group by 275.8% in the third quarter. Russell Investments Group Ltd. now owns 2,698 shares of the company’s stock worth $40,000 after acquiring an additional 1,980 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Ponce Financial Group by 46.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,510 shares of the company’s stock worth $49,000 after purchasing an additional 1,114 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Ponce Financial Group by 104.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,928 shares of the company’s stock worth $58,000 after purchasing an additional 2,007 shares during the period. SG Americas Securities LLC bought a new position in Ponce Financial Group in the 4th quarter worth about $113,000. Finally, Cornerstone Investment Partners LLC purchased a new position in Ponce Financial Group during the 2nd quarter valued at about $147,000. 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.