Ponce Financial Group, Inc. (NASDAQ:PDLB) Short Interest Update

Ponce Financial Group, Inc. (NASDAQ:PDLB) was the recipient of a large decrease in short interest in January. As of January 31st, there was short interest totalling 96,100 shares, a decrease of 25.2% from the January 15th total of 128,400 shares. Based on an average daily trading volume, of 48,900 shares, the days-to-cover ratio is presently 2.0 days.

Ponce Financial Group Price Performance

NASDAQ:PDLB remained flat at $13.46 during mid-day trading on Friday. 34,568 shares of the company traded hands, compared to its average volume of 43,351. The stock has a market cap of $320.75 million, a PE ratio of 28.64 and a beta of 0.65. Ponce Financial Group has a one year low of $7.89 and a one year high of $13.97. The stock has a 50 day moving average price of $13.12 and a 200 day moving average price of $12.06. 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 (NASDAQ:PDLB) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Ponce Financial Group had a net margin of 6.46% and a return on equity of 4.01%. As a group, research analysts predict that Ponce Financial Group will post 0.39 EPS for the current year.

Institutional Trading of Ponce Financial Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. American Capital Advisory LLC lifted its position in shares of Ponce Financial Group by 150.0% in the fourth quarter. American Capital Advisory LLC now owns 2,500 shares of the company’s stock valued at $32,000 after acquiring an additional 1,500 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Ponce Financial Group during the fourth quarter worth $115,000. PDT Partners LLC acquired a new stake in Ponce Financial Group during the fourth quarter worth $133,000. Wells Fargo & Company MN increased its stake in Ponce Financial Group by 11.7% during the fourth quarter. Wells Fargo & Company MN now owns 12,351 shares of the company’s stock worth $161,000 after acquiring an additional 1,298 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of Ponce Financial Group in the fourth quarter valued at $177,000. 64.35% of the stock is owned by institutional investors and hedge funds.

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.