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

Ponce Financial Group, Inc. (NASDAQ:PDLB) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 105,000 shares, a growth of 28.0% from the February 13th total of 82,000 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average daily volume of 47,700 shares, the days-to-cover ratio is currently 2.2 days.

Ponce Financial Group Stock Performance

Shares of NASDAQ PDLB traded down $0.05 during midday trading on Tuesday, reaching $12.75. 23,311 shares of the stock were exchanged, compared to its average volume of 45,146. The firm has a market cap of $303.82 million, a price-to-earnings ratio of 27.13 and a beta of 0.68. Ponce Financial Group has a twelve month low of $7.89 and a twelve month high of $13.97. The firm has a 50-day simple moving average of $13.14 and a two-hundred day simple moving average of $12.46. 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 issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Ponce Financial Group had a net margin of 6.46% and a return on equity of 4.01%. As a group, analysts anticipate that Ponce Financial Group will post 0.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PDLB. Fourthstone LLC purchased a new position in shares of Ponce Financial Group during the 4th quarter valued at approximately $884,000. Rangeley Capital LLC purchased a new position in Ponce Financial Group in the 4th quarter valued at $598,000. Dimensional Fund Advisors LP lifted its holdings 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Ponce Financial Group in the 3rd quarter valued at $514,000. Finally, MassMutual Private Wealth & Trust FSB purchased a new position in Ponce Financial Group in the 4th quarter valued at $534,000. Hedge funds and other institutional investors 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.