Ponce Financial Group, Inc. (NASDAQ:PDLB) Short Interest Down 23.0% in November

Ponce Financial Group, Inc. (NASDAQ:PDLB) was the target of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 73,300 shares, a decline of 23.0% from the November 15th total of 95,200 shares. Based on an average daily volume of 48,900 shares, the short-interest ratio is currently 1.5 days.

Institutional Investors Weigh In On Ponce Financial Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in Ponce Financial Group by 9.9% during the second quarter. Dimensional Fund Advisors LP now owns 715,744 shares of the company’s stock worth $6,542,000 after acquiring an additional 64,452 shares during the last quarter. Geode Capital Management LLC increased its stake in Ponce Financial Group by 2.2% during the third quarter. Geode Capital Management LLC now owns 462,611 shares of the company’s stock worth $5,409,000 after acquiring an additional 9,790 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Ponce Financial Group by 13.9% during the second quarter. Bank of New York Mellon Corp now owns 61,892 shares of the company’s stock worth $566,000 after acquiring an additional 7,537 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Ponce Financial Group by 6.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 57,621 shares of the company’s stock worth $674,000 after acquiring an additional 3,500 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in Ponce Financial Group by 20.0% during the third quarter. Los Angeles Capital Management LLC now owns 56,194 shares of the company’s stock worth $657,000 after acquiring an additional 9,369 shares during the last quarter. 64.35% of the stock is currently owned by institutional investors and hedge funds.

Ponce Financial Group Trading Up 0.8 %

Shares of NASDAQ:PDLB traded up $0.10 during midday trading on Monday, reaching $13.26. The company’s stock had a trading volume of 23,435 shares, compared to its average volume of 45,268. The firm has a market cap of $315.99 million, a price-to-earnings ratio of 35.84 and a beta of 0.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 2.08. Ponce Financial Group has a 1 year low of $7.89 and a 1 year high of $13.43. The business has a 50 day moving average price of $12.30 and a 200 day moving average price of $10.90.

About Ponce Financial Group

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.