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

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

Other equities research analysts have also issued reports about the company. Janney Montgomery Scott upgraded Ponce Financial Group to a “strong-buy” rating in a research report on Wednesday, October 22nd. Zacks Research raised Ponce Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Ponce Financial Group in a report 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 company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

Ponce Financial Group Price Performance

Shares of NASDAQ PDLB opened at $16.82 on Friday. Ponce Financial Group has a 1 year low of $10.88 and a 1 year high of $18.01. The stock has a market capitalization of $403.68 million, a P/E ratio of 18.90 and a beta of 0.73. The company’s 50-day moving average is $15.64 and its 200 day moving average is $14.76. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.29 and a quick ratio of 1.28.

Ponce Financial Group (NASDAQ:PDLB) last posted its quarterly earnings data on Friday, October 24th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.05. Ponce Financial Group had a return on equity of 7.35% and a net margin of 11.46%.The business had revenue of $26.74 million for the quarter. On average, sell-side analysts expect that Ponce Financial Group will post 0.39 earnings per share for the current year.

Institutional Trading of Ponce Financial Group

A number of institutional investors and hedge funds have recently bought and sold shares of PDLB. PDT Partners LLC lifted its stake in shares of Ponce Financial Group by 8.0% in the first quarter. PDT Partners LLC now owns 11,081 shares of the company’s stock worth $140,000 after buying an additional 820 shares in the last quarter. Jane Street Group LLC purchased a new position in Ponce Financial Group in the 1st quarter worth approximately $277,000. Cornerstone Investment Partners LLC bought a new position in Ponce Financial Group in the 2nd quarter valued at approximately $147,000. Los Angeles Capital Management LLC boosted its stake in Ponce Financial Group by 47.8% during the 2nd quarter. Los Angeles Capital Management LLC now owns 59,474 shares of the company’s stock valued at $823,000 after purchasing an additional 19,230 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Ponce Financial Group by 40.1% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 74,115 shares of the company’s stock valued at $1,026,000 after purchasing an additional 21,218 shares during the last quarter. 64.35% of the stock is currently owned by institutional investors.

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.