Ponce Financial Group (NASDAQ:PDLB) Stock Rating Lowered by Wall Street Zen

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

Other equities research analysts have also issued reports about the stock. Weiss Ratings upgraded shares of Ponce Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. Zacks Research upgraded Ponce Financial Group to a “hold” rating in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy”.

Ponce Financial Group Stock Down 2.8%

Shares of Ponce Financial Group stock opened at $16.25 on Friday. The firm has a market cap of $390 million, a PE ratio of 13.66 and a beta of 0.72. The business’s 50 day simple moving average is $16.56 and its 200 day simple moving average is $15.59. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.28 and a current ratio of 1.29. 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 issued its quarterly earnings results on Tuesday, January 27th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.14. The company 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%. On average, analysts predict that Ponce Financial Group will post 0.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PDLB. M3F Inc. raised its holdings in shares of Ponce Financial Group by 2.2% in the 2nd quarter. M3F Inc. now owns 2,315,708 shares of the company’s stock valued at $32,049,000 after purchasing an additional 48,887 shares during the period. Vanguard Group Inc. raised its stake in Ponce Financial Group by 0.9% in the third quarter. Vanguard Group Inc. now owns 1,113,564 shares of the company’s stock valued at $16,369,000 after buying an additional 10,221 shares during the period. Dimensional Fund Advisors LP raised its stake in Ponce Financial Group by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 913,466 shares of the company’s stock valued at $14,935,000 after buying an additional 9,391 shares during the period. Geode Capital Management LLC lifted its position in shares of Ponce Financial Group by 1.9% in the second quarter. Geode Capital Management LLC now owns 480,257 shares of the company’s stock valued at $6,649,000 after buying an additional 9,011 shares during the last quarter. Finally, Empirical Finance LLC bought a new position in shares of Ponce Financial Group during the 2nd quarter worth approximately $3,248,000. 64.35% of the stock is currently owned by institutional investors and hedge funds.

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.