Ponce Financial Group (NASDAQ:PDLB) Rating Increased to Buy at Wall Street Zen

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

Several other brokerages have also commented on PDLB. 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. Zacks Research upgraded shares of Ponce Financial Group to a “hold” rating in a research report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Ponce Financial Group presently has a consensus rating of “Buy”.

Ponce Financial Group Price Performance

PDLB opened at $16.35 on Friday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.28 and a current ratio of 1.34. The stock has a market capitalization of $394.97 million, a PE ratio of 13.74 and a beta of 0.72. The stock’s 50 day moving average price is $16.51 and its 200-day moving average price is $15.76. 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 announced its quarterly earnings results on Tuesday, January 27th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.14. The company had revenue of $31.41 million during the quarter. Ponce Financial Group had a return on equity of 9.52% and a net margin of 14.72%. On average, equities research analysts predict that Ponce Financial Group will post 0.39 EPS for the current year.

Institutional Trading of Ponce Financial Group

A number of hedge funds have recently modified their holdings of PDLB. Informed Momentum Co LLC bought a new stake in shares of Ponce Financial Group during the 4th quarter valued at $1,169,000. Alliancebernstein L.P. increased its stake in shares of Ponce Financial Group by 38.3% in the 3rd quarter. Alliancebernstein L.P. now owns 185,799 shares of the company’s stock worth $2,731,000 after acquiring an additional 51,500 shares in the last quarter. Marshall Wace LLP lifted its position in Ponce Financial Group by 72.3% during the 4th quarter. Marshall Wace LLP now owns 120,447 shares of the company’s stock valued at $1,969,000 after acquiring an additional 50,539 shares during the period. M3F Inc. lifted its position in Ponce Financial Group by 2.2% during the 2nd quarter. M3F Inc. now owns 2,315,708 shares of the company’s stock valued at $32,049,000 after acquiring an additional 48,887 shares during the period. Finally, Zacks Investment Management bought a new stake in Ponce Financial Group during the fourth quarter worth about $661,000. 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.