Ponce Financial Group, Inc. (NASDAQ:PDLB) Short Interest Update

Ponce Financial Group, Inc. (NASDAQ:PDLB) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 304,803 shares, a growth of 22.1% from the February 26th total of 249,686 shares. Based on an average daily volume of 78,451 shares, the short-interest ratio is currently 3.9 days. Currently, 1.4% of the shares of the company are sold short.

Institutional Trading of Ponce Financial Group

A number of hedge funds have recently made changes to their positions in PDLB. Jane Street Group LLC acquired a new position in shares of Ponce Financial Group during the first quarter worth $277,000. Geode Capital Management LLC boosted its holdings in 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 acquiring an additional 9,011 shares during the last quarter. Franklin Resources Inc. bought a new stake in Ponce Financial Group in the second quarter valued at approximately $181,000. Rhumbline Advisers increased its position in Ponce Financial Group by 31.0% during the 2nd quarter. Rhumbline Advisers now owns 26,348 shares of the company’s stock valued at $365,000 after purchasing an additional 6,231 shares during the period. Finally, American Century Companies Inc. raised its holdings in Ponce Financial Group by 27.9% during the 2nd quarter. American Century Companies Inc. now owns 18,378 shares of the company’s stock worth $254,000 after purchasing an additional 4,008 shares during the last quarter. 64.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PDLB. Wall Street Zen raised shares of Ponce Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Zacks Research upgraded shares of Ponce Financial Group to a “hold” rating in a research note on Friday, February 6th. Finally, Weiss Ratings raised shares of Ponce Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Ponce Financial Group presently has an average rating of “Buy”.

Ponce Financial Group Price Performance

Ponce Financial Group stock traded up $0.11 during trading hours on Tuesday, reaching $16.71. 55,134 shares of the stock were exchanged, compared to its average volume of 73,009. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.88. Ponce Financial Group has a twelve month low of $10.88 and a twelve month high of $18.01. The company has a market cap of $403.71 million, a P/E ratio of 14.04 and a beta of 0.72. The stock has a 50 day moving average of $16.56 and a two-hundred day moving average of $15.86.

Ponce Financial Group (NASDAQ:PDLB) last issued its earnings results on Tuesday, January 27th. The company reported $0.42 EPS for the quarter, beating 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 9.52%. Equities analysts expect that Ponce Financial Group will post 0.39 EPS for the current fiscal year.

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.