SG Americas Securities LLC Makes New $106,000 Investment in Ponce Financial Group, Inc. (NASDAQ:PDLB)

SG Americas Securities LLC purchased a new stake in Ponce Financial Group, Inc. (NASDAQ:PDLB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,857 shares of the company’s stock, valued at approximately $106,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. increased its holdings in Ponce Financial Group by 382.2% during the 2nd quarter. BlackRock Inc. now owns 1,533,467 shares of the company’s stock valued at $13,326,000 after acquiring an additional 1,215,424 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Ponce Financial Group by 197.9% during the 1st quarter. Vanguard Group Inc. now owns 956,834 shares of the company’s stock worth $9,932,000 after purchasing an additional 635,629 shares in the last quarter. rhino investment partners Inc raised its position in shares of Ponce Financial Group by 32.6% during the 4th quarter. rhino investment partners Inc now owns 676,463 shares of the company’s stock worth $6,305,000 after purchasing an additional 166,238 shares during the last quarter. Bank of America Corp DE raised its position in shares of Ponce Financial Group by 4.6% during the 1st quarter. Bank of America Corp DE now owns 508,949 shares of the company’s stock worth $3,995,000 after purchasing an additional 22,365 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Ponce Financial Group by 82.2% in the 2nd quarter. Geode Capital Management LLC now owns 422,699 shares of the company’s stock valued at $3,673,000 after buying an additional 190,704 shares in the last quarter. Institutional investors and hedge funds own 64.35% of the company’s stock.

Ponce Financial Group Stock Performance

Ponce Financial Group stock opened at $8.39 on Friday. Ponce Financial Group, Inc. has a fifty-two week low of $6.51 and a fifty-two week high of $10.19. The company has a market capitalization of $199.60 million, a price-to-earnings ratio of 55.93 and a beta of 0.55. The stock has a fifty day moving average of $8.65 and a two-hundred day moving average of $8.76. The company has a debt-to-equity ratio of 2.57, a quick ratio of 1.35 and a current ratio of 1.36.

Ponce Financial Group (NASDAQ:PDLB) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Ponce Financial Group had a return on equity of 1.26% and a net margin of 2.46%. The business had revenue of $18.48 million for the quarter, compared to analyst estimates of $18.60 million. On average, analysts anticipate that Ponce Financial Group, Inc. will post -0.05 EPS for the current fiscal year.

Ponce Financial Group Company Profile

Ponce Financial Group, Inc operates as the bank holding company for Ponce Bank that provides various banking products and services. It offers various deposit products, including demand accounts, NOW/IOLA, money market, reciprocal deposits, savings accounts, and certificates of deposit to individuals, business entities, and non-profit organizations, as well as individual retirement accounts.