Short Interest in Ponce Financial Group, Inc. (NASDAQ:PDLB) Decreases By 14.7%

Ponce Financial Group, Inc. (NASDAQ:PDLB) was the target of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 82,000 shares, a decline of 14.7% from the January 31st total of 96,100 shares. Based on an average trading volume of 46,100 shares, the days-to-cover ratio is currently 1.8 days.

Ponce Financial Group Stock Performance

NASDAQ PDLB opened at $13.00 on Wednesday. The stock has a market cap of $309.78 million, a P/E ratio of 27.66 and a beta of 0.68. The company’s 50-day simple moving average is $13.17 and its 200 day simple moving average is $12.35. Ponce Financial Group has a twelve month low of $7.89 and a twelve month high of $13.97. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 2.08.

Ponce Financial Group (NASDAQ:PDLB) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. Ponce Financial Group had a net margin of 6.46% and a return on equity of 4.01%. As a group, research analysts forecast that Ponce Financial Group will post 0.39 earnings per share for the current fiscal year.

Institutional Trading of Ponce Financial Group

Several large investors have recently added to or reduced their stakes in PDLB. Fourthstone LLC bought a new stake in shares of Ponce Financial Group during the fourth quarter valued at approximately $884,000. Rangeley Capital LLC acquired a new position in Ponce Financial Group in the fourth quarter valued at approximately $598,000. Dimensional Fund Advisors LP raised its holdings in Ponce Financial Group by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 830,675 shares of the company’s stock worth $10,798,000 after purchasing an additional 45,082 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Ponce Financial Group in the third quarter worth $514,000. Finally, MassMutual Private Wealth & Trust FSB acquired a new stake in Ponce Financial Group in the fourth quarter worth $534,000. 64.35% of the stock is owned by institutional investors.

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.