M3F Inc. raised its stake in PDL Community Bancorp (NASDAQ:PDLB) by 8.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 162,994 shares of the company’s stock after buying an additional 12,650 shares during the period. PDL Community Bancorp comprises about 2.4% of M3F Inc.’s portfolio, making the stock its 20th biggest position. M3F Inc. owned 0.88% of PDL Community Bancorp worth $2,463,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. bought a new stake in shares of PDL Community Bancorp in the 2nd quarter valued at about $266,000. Bank of New York Mellon Corp acquired a new position in shares of PDL Community Bancorp in the 2nd quarter valued at about $392,000. Northern Trust Corp acquired a new position in shares of PDL Community Bancorp in the 2nd quarter valued at about $1,248,000. Finally, BlackRock Inc. acquired a new position in shares of PDL Community Bancorp in the 2nd quarter valued at about $6,357,000. Hedge funds and other institutional investors own 16.09% of the company’s stock.

Separately, BidaskClub raised PDL Community Bancorp from a “strong sell” rating to a “sell” rating in a research note on Friday, September 28th.

Shares of NASDAQ:PDLB opened at $13.28 on Tuesday. The stock has a market capitalization of $247.96 million and a PE ratio of 191.86. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.20 and a current ratio of 1.20. PDL Community Bancorp has a 1 year low of $13.16 and a 1 year high of $16.95.

PDL Community Bancorp (NASDAQ:PDLB) last announced its quarterly earnings data on Wednesday, November 14th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The business had revenue of $9.96 million during the quarter. PDL Community Bancorp had a negative net margin of 1.75% and a positive return on equity of 0.77%.

In other PDL Community Bancorp news, CEO Carlos P. Naudon acquired 3,413 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were bought at an average cost of $14.74 per share, with a total value of $50,307.62. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.20% of the stock is owned by insiders.

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About PDL Community Bancorp

PDL Community Bancorp provides various banking products and services primarily in the New York City metropolitan area. The company offers a range of deposit accounts, including demand, savings, and money market accounts, as well as certificates of deposit accounts; and individual retirement accounts.

Further Reading: Cost of Equity For A Business, Investors

Institutional Ownership by Quarter for PDL Community Bancorp (NASDAQ:PDLB)

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