Ponce Financial Group, Inc. (NASDAQ:PDLB) Short Interest Down 14.7% in February

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

Institutional Trading of Ponce Financial Group

A number of hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of Ponce Financial Group by 5.7% during the 4th 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 period. Bank of America Corp DE increased its holdings in shares of Ponce Financial Group by 1.2% during the 4th quarter. Bank of America Corp DE now owns 505,838 shares of the company’s stock worth $6,576,000 after buying an additional 5,825 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Ponce Financial Group by 2.2% in the third quarter. Geode Capital Management LLC now owns 462,611 shares of the company’s stock valued at $5,409,000 after acquiring an additional 9,790 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Ponce Financial Group by 1.7% in the fourth quarter. Renaissance Technologies LLC now owns 160,435 shares of the company’s stock valued at $2,086,000 after acquiring an additional 2,700 shares during the last quarter. Finally, Fourthstone LLC purchased a new stake in Ponce Financial Group during the fourth quarter valued at about $884,000. Institutional investors and hedge funds own 64.35% of the company’s stock.

Ponce Financial Group Price Performance

Shares of NASDAQ:PDLB traded down $0.05 during midday trading on Thursday, hitting $12.85. 18,411 shares of the stock were exchanged, compared to its average volume of 45,080. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 2.08. The stock has a market cap of $306.08 million, a P/E ratio of 27.36 and a beta of 0.68. The company has a 50 day moving average price of $13.18 and a 200-day moving average price of $12.36. Ponce Financial Group has a twelve month low of $7.89 and a twelve month high of $13.97.

Ponce Financial Group (NASDAQ:PDLB) last announced 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%. On average, research analysts forecast 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.