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 note published on Saturday.

PDLB has been the topic of a number of other research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Ponce Financial Group in a research note on Wednesday, October 8th. Janney Montgomery Scott upgraded Ponce Financial Group to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, Zacks Research upgraded shares of Ponce Financial Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

Ponce Financial Group Stock Down 1.4%

NASDAQ:PDLB opened at $16.58 on Friday. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.29 and a quick ratio of 1.28. Ponce Financial Group has a 1-year low of $10.88 and a 1-year high of $18.01. The company has a 50-day moving average of $15.68 and a 200 day moving average of $14.80. The firm has a market cap of $397.92 million, a PE ratio of 18.63 and a beta of 0.73.

Ponce Financial Group (NASDAQ:PDLB) last posted its quarterly earnings data on Friday, October 24th. The company reported $0.27 EPS 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 firm had revenue of $26.74 million during the quarter. As a group, research analysts anticipate that Ponce Financial Group will post 0.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Ponce Financial Group

Institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its holdings in Ponce Financial Group by 275.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,698 shares of the company’s stock valued at $40,000 after buying an additional 1,980 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Ponce Financial Group by 46.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,510 shares of the company’s stock valued at $49,000 after purchasing an additional 1,114 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Ponce Financial Group by 104.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,928 shares of the company’s stock valued at $58,000 after purchasing an additional 2,007 shares during the last quarter. PDT Partners LLC grew its holdings in shares of Ponce Financial Group by 8.0% during the 1st quarter. PDT Partners LLC now owns 11,081 shares of the company’s stock worth $140,000 after purchasing an additional 820 shares during the period. Finally, Cornerstone Investment Partners LLC purchased a new stake in shares of Ponce Financial Group in the 2nd quarter valued at approximately $147,000. Hedge funds and other institutional investors own 64.35% of the company’s stock.

About Ponce Financial Group

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.