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.

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

Ponce Financial Group Trading Down 0.5%

Shares of Ponce Financial Group stock opened at $16.87 on Friday. Ponce Financial Group has a 12-month low of $10.88 and a 12-month high of $18.01. The stock has a market capitalization of $404.88 million, a P/E ratio of 14.18 and a beta of 0.72. The company has a 50-day simple moving average of $16.54 and a 200 day simple moving average of $15.37. The company has a quick ratio of 1.28, a current ratio of 1.29 and a debt-to-equity ratio of 1.71.

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

Institutional Trading of Ponce Financial Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake in shares of 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 purchasing an additional 1,980 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings 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 buying an additional 1,114 shares during the period. BNP Paribas Financial Markets lifted its holdings in Ponce Financial Group by 104.5% in 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 position in Ponce Financial Group in the fourth quarter valued at approximately $113,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in Ponce Financial Group during the 2nd quarter worth $147,000. 64.35% of the stock is owned by institutional investors.

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.