Ponce Financial Group (NASDAQ:PDLB) Upgraded at Wall Street Zen

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

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

Ponce Financial Group Price Performance

PDLB opened at $16.95 on Friday. The company’s 50-day simple moving average is $16.51 and its two-hundred day simple moving average is $15.33. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.28 and a current ratio of 1.29. The stock has a market capitalization of $406.80 million, a P/E ratio of 14.24 and a beta of 0.72. Ponce Financial Group has a 52-week low of $10.88 and a 52-week high of $18.01.

Ponce Financial Group (NASDAQ:PDLB) last released its quarterly earnings data on Tuesday, January 27th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.14. The firm had revenue of $31.41 million during the quarter. Ponce Financial Group had a net margin of 14.72% and a return on equity of 9.68%. As a group, analysts predict that Ponce Financial Group will post 0.39 EPS for the current year.

Institutional Trading of Ponce Financial Group

Several hedge funds have recently bought and sold shares of PDLB. Jane Street Group LLC bought a new position in shares of Ponce Financial Group in the first quarter worth about $277,000. Cornerstone Investment Partners LLC purchased a new stake in Ponce Financial Group in the 2nd quarter worth approximately $147,000. Los Angeles Capital Management LLC increased its holdings in Ponce Financial Group by 47.8% in the 2nd quarter. Los Angeles Capital Management LLC now owns 59,474 shares of the company’s stock worth $823,000 after acquiring an additional 19,230 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in Ponce Financial Group by 40.1% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 74,115 shares of the company’s stock worth $1,026,000 after acquiring an additional 21,218 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Ponce Financial Group by 1.9% during the second quarter. Geode Capital Management LLC now owns 480,257 shares of the company’s stock valued at $6,649,000 after purchasing an additional 9,011 shares in the last quarter. 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.