BNP Paribas Financial Markets Acquires New Holdings in Ponce Financial Group, Inc. (NASDAQ:PDLB)

BNP Paribas Financial Markets acquired a new stake in Ponce Financial Group, Inc. (NASDAQ:PDLB) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 5,207 shares of the company’s stock, valued at approximately $68,000.

A number of other large investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in Ponce Financial Group by 5.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 830,675 shares of the company’s stock worth $10,798,000 after purchasing an additional 45,082 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Ponce Financial Group by 107.5% during the 4th quarter. JPMorgan Chase & Co. now owns 66,647 shares of the company’s stock worth $866,000 after purchasing an additional 34,534 shares during the last quarter. Raymond James Financial Inc. bought a new position in Ponce Financial Group during the 4th quarter worth approximately $415,000. SG Americas Securities LLC bought a new position in Ponce Financial Group during the 4th quarter worth approximately $115,000. Finally, Bank of New York Mellon Corp raised its holdings in Ponce Financial Group by 12.4% during the 4th quarter. Bank of New York Mellon Corp now owns 52,321 shares of the company’s stock worth $680,000 after purchasing an additional 5,757 shares during the last quarter. Institutional investors own 64.35% of the company’s stock.

Ponce Financial Group Stock Down 0.4%

Ponce Financial Group stock opened at $13.33 on Tuesday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.26 and a current ratio of 1.26. Ponce Financial Group, Inc. has a 52-week low of $8.80 and a 52-week high of $14.05. The firm has a 50 day moving average price of $12.62 and a two-hundred day moving average price of $12.88. The firm has a market cap of $319.72 million, a price-to-earnings ratio of 28.36 and a beta of 0.65.

Ponce Financial Group (NASDAQ:PDLB) last announced its quarterly earnings data on Friday, April 25th. The company reported $0.25 EPS for the quarter, topping the consensus estimate of $0.09 by $0.16. The company had revenue of $24.58 million during the quarter, compared to the consensus estimate of $23.40 million. Ponce Financial Group had a net margin of 6.46% and a return on equity of 4.01%. Equities analysts predict that Ponce Financial Group, Inc. will post 0.39 EPS 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.