Ponce Financial Group, Inc. (NASDAQ:PDLB) Short Interest Down 25.2% in January

Ponce Financial Group, Inc. (NASDAQ:PDLB) was the recipient of a significant drop in short interest in January. As of January 31st, there was short interest totalling 96,100 shares, a drop of 25.2% from the January 15th total of 128,400 shares. Based on an average daily volume of 48,900 shares, the short-interest ratio is currently 2.0 days.

Institutional Trading of Ponce Financial Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. American Century Companies Inc. grew its position in Ponce Financial Group by 8.2% during the fourth quarter. American Century Companies Inc. now owns 14,419 shares of the company’s stock valued at $187,000 after buying an additional 1,096 shares during the period. Wells Fargo & Company MN grew its position in shares of Ponce Financial Group by 11.7% in the fourth quarter. Wells Fargo & Company MN now owns 12,351 shares of the company’s stock valued at $161,000 after purchasing an additional 1,298 shares during the period. American Capital Advisory LLC grew its position in shares of Ponce Financial Group by 150.0% in the fourth quarter. American Capital Advisory LLC now owns 2,500 shares of the company’s stock valued at $32,000 after purchasing an additional 1,500 shares during the period. Renaissance Technologies LLC grew its position in shares of Ponce Financial Group by 1.7% in the fourth quarter. Renaissance Technologies LLC now owns 160,435 shares of the company’s stock valued at $2,086,000 after purchasing an additional 2,700 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Ponce Financial Group by 6.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 57,621 shares of the company’s stock valued at $674,000 after purchasing an additional 3,500 shares during the period. Institutional investors and hedge funds own 64.35% of the company’s stock.

Ponce Financial Group Stock Down 0.5 %

NASDAQ:PDLB traded down $0.07 during midday trading on Friday, reaching $13.40. 5,925 shares of the stock traded hands, compared to its average volume of 43,707. Ponce Financial Group has a 12-month low of $7.89 and a 12-month high of $13.97. The business has a 50-day moving average of $13.11 and a two-hundred day moving average of $12.02. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market capitalization of $319.20 million, a PE ratio of 28.64 and a beta of 0.65.

Ponce Financial Group (NASDAQ:PDLB) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Ponce Financial Group had a net margin of 6.46% and a return on equity of 4.01%. On average, equities analysts forecast that Ponce Financial Group will post 0.39 earnings per share for the current fiscal year.

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.