Ponce Financial Group, Inc. (NASDAQ:PDLB) Short Interest Down 25.2% in January

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

Hedge Funds Weigh In On Ponce Financial Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in Ponce Financial Group by 5.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 830,675 shares of the company’s stock worth $10,798,000 after acquiring an additional 45,082 shares during the last quarter. First Trust Advisors LP acquired a new position in Ponce Financial Group during the fourth quarter worth about $177,000. Fourthstone LLC acquired a new position in Ponce Financial Group during the fourth quarter worth about $884,000. Barclays PLC boosted its position in Ponce Financial Group by 14.6% during the fourth quarter. Barclays PLC now owns 29,085 shares of the company’s stock worth $378,000 after acquiring an additional 3,715 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Ponce Financial Group during the fourth quarter worth about $415,000. 64.35% of the stock is currently owned by institutional investors and hedge funds.

Ponce Financial Group Price Performance

Shares of NASDAQ PDLB traded down $0.07 during trading on Friday, hitting $13.40. The company had a trading volume of 5,925 shares, compared to its average volume of 43,707. The stock has a fifty day simple moving average of $13.11 and a two-hundred day simple moving average of $12.02. Ponce Financial Group has a fifty-two week low of $7.89 and a fifty-two week high of $13.97. The firm has a market capitalization of $319.20 million, a price-to-earnings ratio of 28.64 and a beta of 0.65. 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 posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. Ponce Financial Group had a net margin of 6.46% and a return on equity of 4.01%. On average, research analysts expect that Ponce Financial Group will post 0.39 earnings per share for the current year.

Ponce Financial Group Company Profile

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.