Ponce Financial Group, Inc. (NASDAQ:PDLB) Shares Purchased by M3F Inc.

M3F Inc. grew its stake in shares of Ponce Financial Group, Inc. (NASDAQ:PDLB) by 0.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,265,395 shares of the company’s stock after purchasing an additional 2,000 shares during the quarter. Ponce Financial Group comprises about 8.5% of M3F Inc.’s portfolio, making the stock its 2nd biggest holding. M3F Inc. owned about 9.51% of Ponce Financial Group worth $29,450,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in PDLB. Dimensional Fund Advisors LP lifted its stake in Ponce Financial Group by 5.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 830,675 shares of the company’s stock valued at $10,798,000 after purchasing an additional 45,082 shares during the last quarter. First Trust Advisors LP bought a new stake in Ponce Financial Group in the fourth quarter valued at approximately $177,000. Fourthstone LLC acquired a new stake in shares of Ponce Financial Group in the fourth quarter valued at approximately $884,000. Barclays PLC lifted its position in shares of Ponce Financial Group by 14.6% in the fourth quarter. Barclays PLC now owns 29,085 shares of the company’s stock valued at $378,000 after buying an additional 3,715 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Ponce Financial Group during the 4th quarter worth approximately $415,000. Institutional investors own 64.35% of the company’s stock.

Ponce Financial Group Trading Up 0.2 %

Shares of Ponce Financial Group stock opened at $11.13 on Friday. Ponce Financial Group, Inc. has a 1 year low of $8.01 and a 1 year high of $13.97. The company has a market capitalization of $266.74 million, a price-to-earnings ratio of 23.68 and a beta of 0.50. The business has a fifty day simple moving average of $12.51 and a two-hundred day simple moving average of $12.57. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.26 and a quick ratio of 1.26.

Ponce Financial Group (NASDAQ:PDLB) last announced its earnings results on Tuesday, February 4th. The company reported $0.12 EPS 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%. Research analysts forecast that Ponce Financial Group, Inc. will post 0.39 EPS 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.