Ponce Financial Group (NASDAQ:PDLB) Announces Earnings Results

Ponce Financial Group (NASDAQ:PDLB) announced its quarterly earnings data on Monday. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.24, Zacks reports. Ponce Financial Group had a return on equity of 10.52% and a net margin of 16.51%.

Ponce Financial Group Stock Performance

PDLB stock opened at $20.77 on Monday. Ponce Financial Group has a fifty-two week low of $13.91 and a fifty-two week high of $21.10. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.85. The company has a market capitalization of $502.55 million, a P/E ratio of 14.84 and a beta of 0.72. The company has a 50-day simple moving average of $20.30 and a 200 day simple moving average of $19.48.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PDLB. Zacks Research cut Ponce Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Weiss Ratings raised Ponce Financial Group from a “buy (a-)” rating to a “buy (a)” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $24.00.

About Ponce Financial Group

Ponce Financial Group, Inc is the holding company for Ponce Bank, a community-focused savings bank headquartered in the Bronx, New York. Through its banking subsidiary, the company provides financial services to individuals, families, businesses and nonprofit organizations in the New York metropolitan area.

Ponce Bank’s primary offerings include deposit accounts, residential and commercial real estate lending, multifamily and construction loans, commercial and industrial financing, consumer loans and other traditional banking services.