Ponce Financial Group (NASDAQ:PDLB) Downgraded by Wall Street Zen to Hold

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

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Ponce Financial Group in a research report on Wednesday, October 8th. Janney Montgomery Scott upgraded Ponce Financial Group to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, Zacks Research raised Ponce Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Ponce Financial Group Trading Up 1.4%

Ponce Financial Group stock opened at $16.91 on Friday. Ponce Financial Group has a 12-month low of $10.88 and a 12-month high of $16.99. The stock has a market capitalization of $405.84 million, a PE ratio of 19.00 and a beta of 0.73. The firm has a 50 day simple moving average of $15.09 and a 200-day simple moving average of $14.51. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.29 and a quick ratio of 1.28.

Ponce Financial Group (NASDAQ:PDLB) last released its earnings results on Friday, October 24th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The firm had revenue of $26.74 million for the quarter. Ponce Financial Group had a return on equity of 7.35% and a net margin of 11.46%. As a group, equities research analysts expect that Ponce Financial Group will post 0.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Ponce Financial Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in PDLB. PDT Partners LLC grew its holdings in shares of Ponce Financial Group by 8.0% in the 1st quarter. PDT Partners LLC now owns 11,081 shares of the company’s stock valued at $140,000 after acquiring an additional 820 shares in the last quarter. Jane Street Group LLC acquired a new stake in Ponce Financial Group during the 1st quarter valued at $277,000. Cornerstone Investment Partners LLC acquired a new position in Ponce Financial Group in the 2nd quarter valued at about $147,000. Los Angeles Capital Management LLC increased its stake in shares of Ponce Financial Group by 47.8% during the second quarter. Los Angeles Capital Management LLC now owns 59,474 shares of the company’s stock worth $823,000 after purchasing an additional 19,230 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Ponce Financial Group by 40.1% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 74,115 shares of the company’s stock valued at $1,026,000 after acquiring an additional 21,218 shares during the period. 64.35% of the stock is owned by institutional investors.

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.