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

Ponce Financial Group, Inc. (NASDAQ:PDLB - Get Free Report) witnessed a notable decrease in short interest in February. As of February 15th, the total short interest stood at 82,000 shares, reflecting a decline of 14.7% compared to the January 31st figure of 96,100 shares. With an average daily trading volume of 46,100 shares, the current short-interest ratio is 1.8 days.

Ponce Financial Group Stock Performance

On Wednesday, Ponce Financial Group's stock opened at $13.00. The stock has a 50-day simple moving average of $13.17 and a 200-day simple moving average of $12.35. The company's market capitalization is $309.78 million, boasting a P/E ratio of 27.66 and a beta of 0.68. Additionally, it has a debt-to-equity ratio of 2.08, with both the quick ratio and current ratio at 1.26. Over the past year, Ponce Financial Group’s stock hit a low of $7.89 and a high of $13.97.

Recent Earnings Results

Ponce Financial Group (NASDAQ:PDLB - Get Free Report) recently announced its quarterly earnings on February 4th. The company reported earnings per share (EPS) of $0.12 for the quarter, surpassing the consensus estimate of $0.09 by $0.03. The company achieved a net margin of 6.46% and a return on equity of 4.01%. According to analysts, Ponce Financial Group is expected to post earnings of 0.39 per share for the current fiscal year.

Institutional Investors in Ponce Financial Group

There has been recent activity from institutional investors and hedge funds regarding Ponce Financial Group shares. American Capital Advisory LLC increased its stake in the company by 150.0% during the 4th quarter, acquiring an additional 1,500 shares for a total of 2,500 shares valued at $32,000. Similarly, BNP Paribas Financial Markets bought a new stake valued at approximately $68,000 in the fourth quarter. SG Americas Securities LLC also entered with a new stake worth about $115,000, while PDT Partners LLC invested roughly $133,000. Furthermore, Wells Fargo & Company MN raised its stake in the company by 11.7% during the same period, now holding 12,351 shares valued at $161,000. Currently, 64.35% of Ponce Financial Group 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. It offers a variety of banking products and services, including deposit products like demand accounts, NOW/IOLA, money market accounts, and various types of savings accounts and certificates of deposit for individuals, businesses, and non-profit organizations, in addition to individual retirement accounts.

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