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

Ponce Financial Group, Inc. (NASDAQ:PDLB) saw a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 82,000 shares, a decline of 14.7% from the January 31st total of 96,100 shares. Based on an average daily volume of 46,100 shares, the days-to-cover ratio is currently 1.8 days.

Ponce Financial Group Trading Down 0.2 %

Shares of Ponce Financial Group stock traded down $0.03 during mid-day trading on Friday, hitting $12.88. The stock had a trading volume of 27,861 shares, compared to its average volume of 44,997. The firm has a 50-day moving average of $13.19 and a two-hundred day moving average of $12.36. The firm has a market cap of $306.92 million, a P/E ratio of 27.41 and a beta of 0.68. 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 12-month low of $7.89 and a 12-month high of $13.97.

Ponce Financial Group (NASDAQ:PDLB) last posted its earnings results on Tuesday, February 4th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Ponce Financial Group had a return on equity of 4.01% and a net margin of 6.46%. Sell-side analysts forecast that Ponce Financial Group will post 0.39 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PDLB. American Century Companies Inc. increased its position in shares of Ponce Financial Group by 8.2% during the fourth quarter. American Century Companies Inc. now owns 14,419 shares of the company’s stock valued at $187,000 after acquiring an additional 1,096 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Ponce Financial Group by 11.7% in the 4th quarter. Wells Fargo & Company MN now owns 12,351 shares of the company’s stock valued at $161,000 after purchasing an additional 1,298 shares during the last quarter. American Capital Advisory LLC raised its position in 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 purchasing an additional 1,500 shares during the period. Renaissance Technologies LLC boosted its position in shares of Ponce Financial Group by 1.7% during the fourth quarter. Renaissance Technologies LLC now owns 160,435 shares of the company’s stock worth $2,086,000 after buying an additional 2,700 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Ponce Financial Group by 6.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 57,621 shares of the company’s stock valued at $674,000 after buying an additional 3,500 shares in the last quarter. Institutional investors and hedge funds own 64.35% of the company’s stock.

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.