Ponce Financial Group (NASDAQ:PDLB) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Ponce Financial Group (NASDAQ:PDLB) from a hold rating to a buy rating in a research report sent to investors on Saturday.

A number of other research firms have also recently weighed in on PDLB. Janney Montgomery Scott raised Ponce Financial Group to a “strong-buy” rating in a report on Wednesday, October 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Ponce Financial Group in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Ponce Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Two analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy”.

Ponce Financial Group Trading Down 0.3%

Shares of PDLB stock opened at $15.68 on Friday. The company has a market capitalization of $376.32 million, a P/E ratio of 17.62 and a beta of 0.73. Ponce Financial Group has a 12-month low of $10.88 and a 12-month high of $16.09. The company has a quick ratio of 1.28, a current ratio of 1.29 and a debt-to-equity ratio of 1.71. The firm has a 50-day moving average price of $14.93 and a 200 day moving average price of $14.43.

Ponce Financial Group (NASDAQ:PDLB) last posted its quarterly earnings data on Friday, October 24th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. Ponce Financial Group had a net margin of 11.46% and a return on equity of 7.35%. The company had revenue of $26.74 million during the quarter. Research analysts forecast that Ponce Financial Group will post 0.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ponce Financial Group

Several large investors have recently bought and sold shares of PDLB. Empirical Finance LLC bought a new position in Ponce Financial Group during the second quarter worth about $3,248,000. Alliancebernstein L.P. raised its position in shares of Ponce Financial Group by 38.3% in the 3rd quarter. Alliancebernstein L.P. now owns 185,799 shares of the company’s stock valued at $2,731,000 after acquiring an additional 51,500 shares during the period. M3F Inc. boosted its stake in Ponce Financial Group by 2.2% during the 2nd quarter. M3F Inc. now owns 2,315,708 shares of the company’s stock worth $32,049,000 after acquiring an additional 48,887 shares during the last quarter. Gamco Investors INC. ET AL acquired a new position in Ponce Financial Group during the second quarter valued at approximately $536,000. Finally, Marshall Wace LLP acquired a new position in Ponce Financial Group during the second quarter valued at approximately $331,000. 64.35% of the stock is currently owned by institutional investors and hedge funds.

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.