Ponce Financial Group (NASDAQ:PDLB) Raised to Buy at Wall Street Zen

Ponce Financial Group (NASDAQ:PDLB) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other analysts have also issued reports on the company. Janney Montgomery Scott raised Ponce Financial Group to a “strong-buy” rating in a research note on Wednesday, October 22nd. Zacks Research raised Ponce Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Ponce Financial Group in a report on Thursday, January 22nd. Two analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

Ponce Financial Group Stock Up 1.0%

Shares of NASDAQ:PDLB opened at $16.95 on Friday. The firm has a market capitalization of $406.80 million, a PE ratio of 14.24 and a beta of 0.72. The company has a debt-to-equity ratio of 1.71, a quick ratio of 1.28 and a current ratio of 1.29. Ponce Financial Group has a 52-week low of $10.88 and a 52-week high of $18.01. The firm has a fifty day moving average of $16.51 and a 200 day moving average of $15.35.

Ponce Financial Group (NASDAQ:PDLB) last issued its quarterly earnings results on Tuesday, January 27th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.14. Ponce Financial Group had a return on equity of 9.68% and a net margin of 14.72%.The firm had revenue of $31.41 million during the quarter. As a group, research analysts anticipate that Ponce Financial Group will post 0.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PDLB. Russell Investments Group Ltd. boosted its position in shares of Ponce Financial Group by 275.8% during the third quarter. Russell Investments Group Ltd. now owns 2,698 shares of the company’s stock valued at $40,000 after purchasing an additional 1,980 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Ponce Financial Group by 46.5% during the second quarter. Tower Research Capital LLC TRC now owns 3,510 shares of the company’s stock valued at $49,000 after buying an additional 1,114 shares during the period. BNP Paribas Financial Markets lifted its position in Ponce Financial Group by 104.5% during the third quarter. BNP Paribas Financial Markets now owns 3,928 shares of the company’s stock valued at $58,000 after buying an additional 2,007 shares during the period. SG Americas Securities LLC bought a new stake in shares of Ponce Financial Group during the 4th quarter valued at $113,000. Finally, Cornerstone Investment Partners LLC purchased a new position in Ponce Financial Group during the 2nd quarter valued at about $147,000. Institutional investors own 64.35% of the company’s stock.

Ponce Financial Group Company Profile

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.