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

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

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

Ponce Financial Group Trading Up 1.0%

Shares of PDLB stock opened at $16.95 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.28 and a current ratio of 1.29. The stock has a fifty day simple moving average of $16.51 and a two-hundred day simple moving average of $15.33. The firm has a market capitalization of $406.80 million, a PE ratio of 14.24 and a beta of 0.72. Ponce Financial Group has a 52-week low of $10.88 and a 52-week high of $18.01.

Ponce Financial Group (NASDAQ:PDLB) last released its quarterly earnings data on Tuesday, January 27th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.14. Ponce Financial Group had a return on equity of 9.68% and a net margin of 14.72%.The firm had revenue of $31.41 million during the quarter. On average, analysts predict that Ponce Financial Group will post 0.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. increased its position in 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 purchasing an additional 1,980 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Ponce Financial Group by 46.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,510 shares of the company’s stock worth $49,000 after buying an additional 1,114 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of 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 buying an additional 2,007 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Ponce Financial Group during the 4th quarter valued at about $113,000. Finally, Cornerstone Investment Partners LLC bought a new position in shares of Ponce Financial Group in the 2nd quarter valued at about $147,000. 64.35% of the stock is owned by hedge funds and other 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.