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

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

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

Ponce Financial Group Stock Down 2.8%

Shares of NASDAQ PDLB opened at $16.40 on Friday. Ponce Financial Group has a 12-month low of $10.88 and a 12-month high of $18.01. The stock has a market cap of $393.60 million, a PE ratio of 18.43 and a beta of 0.74. The company has a current ratio of 1.29, a quick ratio of 1.28 and a debt-to-equity ratio of 1.71. The company has a 50-day moving average of $16.26 and a 200 day moving average of $15.14.

Ponce Financial Group (NASDAQ:PDLB) last released its earnings results on Friday, October 24th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The business 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%. As a group, sell-side analysts predict that Ponce Financial Group will post 0.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PDLB. Jane Street Group LLC purchased a new stake in shares of Ponce Financial Group in the 1st quarter valued at approximately $277,000. Cornerstone Investment Partners LLC purchased a new stake in Ponce Financial Group in the second quarter valued at approximately $147,000. Los Angeles Capital Management LLC lifted its stake in 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Ponce Financial Group by 40.1% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 74,115 shares of the company’s stock worth $1,026,000 after buying an additional 21,218 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Ponce Financial Group by 1.9% during the second quarter. Geode Capital Management LLC now owns 480,257 shares of the company’s stock worth $6,649,000 after buying an additional 9,011 shares during the period. Hedge funds and other institutional investors own 64.35% of the company’s stock.

About Ponce Financial Group

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.