Barclays PLC Increases Stake in Ponce Financial Group, Inc. (NASDAQ:PDLB)

Barclays PLC boosted its stake in shares of Ponce Financial Group, Inc. (NASDAQ:PDLB) by 267.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 25,370 shares of the company’s stock after acquiring an additional 18,472 shares during the quarter. Barclays PLC owned 0.11% of Ponce Financial Group worth $297,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its position in Ponce Financial Group by 6.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 57,621 shares of the company’s stock valued at $674,000 after acquiring an additional 3,500 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Ponce Financial Group by 13.9% in the second quarter. Bank of New York Mellon Corp now owns 61,892 shares of the company’s stock valued at $566,000 after buying an additional 7,537 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of Ponce Financial Group by 20.0% in the third quarter. Los Angeles Capital Management LLC now owns 56,194 shares of the company’s stock valued at $657,000 after buying an additional 9,369 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Ponce Financial Group in the third quarter valued at approximately $514,000. Finally, Dimensional Fund Advisors LP increased its position in shares of Ponce Financial Group by 9.9% in the second quarter. Dimensional Fund Advisors LP now owns 715,744 shares of the company’s stock valued at $6,542,000 after buying an additional 64,452 shares in the last quarter. 64.35% of the stock is currently owned by hedge funds and other institutional investors.

Ponce Financial Group Stock Up 1.2 %

Ponce Financial Group stock opened at $13.24 on Monday. The stock has a market capitalization of $315.50 million, a PE ratio of 35.78 and a beta of 0.65. Ponce Financial Group, Inc. has a 12 month low of $7.89 and a 12 month high of $13.43. The business has a 50 day simple moving average of $12.66 and a 200-day simple moving average of $11.27. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.26 and a quick ratio of 1.26.

Ponce Financial Group 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.