Dimensional Fund Advisors LP Buys 45,082 Shares of Ponce Financial Group, Inc. (NASDAQ:PDLB)

Dimensional Fund Advisors LP raised its stake in Ponce Financial Group, Inc. (NASDAQ:PDLB) by 5.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 830,675 shares of the company’s stock after buying an additional 45,082 shares during the period. Dimensional Fund Advisors LP owned about 3.49% of Ponce Financial Group worth $10,798,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC boosted its holdings in Ponce Financial Group by 1.7% in the fourth quarter. Renaissance Technologies LLC now owns 160,435 shares of the company’s stock valued at $2,086,000 after acquiring an additional 2,700 shares during the last quarter. Fourthstone LLC acquired a new position in shares of Ponce Financial Group in the 4th quarter worth approximately $884,000. JPMorgan Chase & Co. boosted its stake in shares of Ponce Financial Group by 107.5% in the 4th quarter. JPMorgan Chase & Co. now owns 66,647 shares of the company’s stock valued at $866,000 after purchasing an additional 34,534 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Ponce Financial Group by 30.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 57,115 shares of the company’s stock valued at $742,000 after purchasing an additional 13,179 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Ponce Financial Group by 12.4% during the fourth quarter. Bank of New York Mellon Corp now owns 52,321 shares of the company’s stock worth $680,000 after buying an additional 5,757 shares during the period. Institutional investors and hedge funds own 64.35% of the company’s stock.

Ponce Financial Group Price Performance

PDLB stock opened at $13.55 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 2.08. The firm has a market cap of $325.00 million, a price-to-earnings ratio of 28.83 and a beta of 0.65. The company’s fifty day simple moving average is $12.36 and its 200 day simple moving average is $12.70. Ponce Financial Group, Inc. has a 12-month low of $8.61 and a 12-month high of $13.97.

Ponce Financial Group (NASDAQ:PDLB) last posted its quarterly earnings results on Friday, April 25th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.16. The firm had revenue of $24.58 million for the quarter, compared to analysts’ expectations of $23.40 million. Ponce Financial Group had a return on equity of 4.01% and a net margin of 6.46%. On average, analysts expect that Ponce Financial Group, Inc. will post 0.39 earnings per share for the current year.

About Ponce Financial Group

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.