Los Angeles Capital Management LLC Lowers Position in Ponce Financial Group, Inc. (NASDAQ:PDLB)

Los Angeles Capital Management LLC decreased its position in Ponce Financial Group, Inc. (NASDAQ:PDLB) by 18.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,794 shares of the company’s stock after selling 10,400 shares during the period. Los Angeles Capital Management LLC owned about 0.19% of Ponce Financial Group worth $595,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American Capital Advisory LLC lifted its stake 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. SG Americas Securities LLC acquired a new stake in shares of Ponce Financial Group in the fourth quarter valued at about $115,000. Barclays PLC lifted its stake in shares of Ponce Financial Group by 267.8% in the third quarter. Barclays PLC now owns 25,370 shares of the company’s stock valued at $297,000 after purchasing an additional 18,472 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Ponce Financial Group by 170.4% in the third quarter. JPMorgan Chase & Co. now owns 32,113 shares of the company’s stock valued at $375,000 after purchasing an additional 20,239 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Ponce Financial Group in the third quarter valued at about $514,000. Institutional investors and hedge funds own 64.35% of the company’s stock.

Ponce Financial Group Stock Performance

Shares of PDLB opened at $13.12 on Monday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 2.08. The stock has a market cap of $312.64 million, a P/E ratio of 27.91 and a beta of 0.65. The company has a 50-day moving average of $13.15 and a two-hundred day moving average of $12.33. Ponce Financial Group, Inc. has a 12-month low of $7.89 and a 12-month high of $13.97.

Ponce Financial Group (NASDAQ:PDLB) last announced its 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%. As a group, research analysts predict that Ponce Financial Group, Inc. will post 0.39 EPS for the current fiscal year.

About Ponce Financial Group

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.