Ponce Financial Group (NASDAQ:PDLB) Rating Increased to Buy at Wall Street Zen

Ponce Financial Group (NASDAQ:PDLB) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Several other equities analysts have also commented on PDLB. Zacks Research upgraded Ponce Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Janney Montgomery Scott upgraded shares of Ponce Financial Group to a “strong-buy” rating in a report on Wednesday, October 22nd. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ponce Financial Group in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Ponce Financial Group currently has a consensus rating of “Buy”.

Ponce Financial Group Trading Down 0.6%

Shares of Ponce Financial Group stock opened at $16.82 on Friday. 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 has a 1 year low of $10.88 and a 1 year high of $18.01. The firm has a market cap of $403.68 million, a PE ratio of 18.90 and a beta of 0.73. The company has a 50 day simple moving average of $15.64 and a two-hundred day simple moving average of $14.76.

Ponce Financial Group (NASDAQ:PDLB) last posted its quarterly earnings data on Friday, October 24th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.05. The firm had revenue of $26.74 million for the quarter. Ponce Financial Group had a net margin of 11.46% and a return on equity of 7.35%. Analysts expect that Ponce Financial Group will post 0.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ponce Financial Group

Large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in shares of Ponce Financial Group by 275.8% during the third quarter. Russell Investments Group Ltd. now owns 2,698 shares of the company’s stock valued at $40,000 after acquiring an additional 1,980 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Ponce Financial Group by 46.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,510 shares of the company’s stock valued at $49,000 after purchasing an additional 1,114 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Ponce Financial Group by 104.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,928 shares of the company’s stock worth $58,000 after buying an additional 2,007 shares during the period. PDT Partners LLC lifted its holdings in Ponce Financial Group by 8.0% in the 1st quarter. PDT Partners LLC now owns 11,081 shares of the company’s stock worth $140,000 after buying an additional 820 shares during the period. Finally, Cornerstone Investment Partners LLC bought a new stake in shares of Ponce Financial Group in the 2nd quarter worth approximately $147,000. Institutional investors own 64.35% of the company’s stock.

Ponce Financial Group Company Profile

Ponce Financial Group, Inc (NASDAQ: PDLB) is a bank holding company based in Puerto Rico. Through its primary subsidiary, Banco Ponce, the company offers a range of commercial and retail banking services tailored to individuals, small businesses and corporate clients across the island.

The company’s core business activities include deposit-taking, commercial and consumer lending, mortgage origination and servicing, and treasury management solutions. In addition to traditional banking products, Ponce Financial Group provides cash management, electronic banking and wealth management services designed to support the financial needs of its diverse client base.

Ponce Financial Group operates exclusively in Puerto Rico, serving both urban and rural communities through its branch network.