Zacks Research Upgrades Ponce Financial Group (NASDAQ:PDLB) to “Strong-Buy”

Ponce Financial Group (NASDAQ:PDLBGet Free Report) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Monday,Zacks.com reports.

PDLB has been the subject of a number of other reports. New Street Research set a $24.00 price target on shares of Ponce Financial Group in a report on Wednesday, May 20th. Wall Street Zen lowered shares of Ponce Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings lowered shares of Ponce Financial Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the stock. According to data from MarketBeat.com, Ponce Financial Group presently has a consensus rating of “Strong Buy” and a consensus target price of $24.00.

Get Our Latest Analysis on PDLB

Ponce Financial Group Stock Up 1.5%

PDLB stock opened at $18.84 on Monday. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.33 and a quick ratio of 1.33. Ponce Financial Group has a 52-week low of $12.81 and a 52-week high of $18.99. The company has a 50-day moving average of $17.41 and a two-hundred day moving average of $16.70. The stock has a market capitalization of $455.70 million, a price-to-earnings ratio of 14.49 and a beta of 0.67.

Ponce Financial Group (NASDAQ:PDLBGet Free Report) last released its quarterly earnings results on Friday, April 24th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.09. Ponce Financial Group had a net margin of 15.74% and a return on equity of 10.09%. The company had revenue of $30.27 million during the quarter, compared to analysts’ expectations of $26.70 million. As a group, equities research analysts anticipate that Ponce Financial Group will post 10.53 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. raised its position in shares of Ponce Financial Group by 275.8% during the third quarter. Russell Investments Group Ltd. now owns 2,698 shares of the company’s stock valued at $40,000 after buying an additional 1,980 shares during the last quarter. Tower Research Capital LLC TRC raised its position in Ponce Financial Group by 46.5% in the second quarter. Tower Research Capital LLC TRC now owns 3,510 shares of the company’s stock worth $49,000 after purchasing an additional 1,114 shares in the last quarter. BNP Paribas Financial Markets raised its position in Ponce Financial Group by 104.5% in the third quarter. BNP Paribas Financial Markets now owns 3,928 shares of the company’s stock worth $58,000 after purchasing an additional 2,007 shares in the last quarter. SG Americas Securities LLC acquired a new position in Ponce Financial Group in the fourth quarter worth about $113,000. Finally, Occudo Quantitative Strategies LP acquired a new position in Ponce Financial Group in the fourth quarter worth about $197,000. Institutional investors and hedge funds own 64.35% of the company’s stock.

Ponce Financial Group Company Profile

(Get Free Report)

Ponce Financial Group, Inc (NASDAQ: PDLB) is a bank holding company based in Puerto Rico. Through its primary subsidiary, Banco Ponce, the company offers a range of commercial and retail banking services tailored to individuals, small businesses and corporate clients across the island.

The company’s core business activities include deposit-taking, commercial and consumer lending, mortgage origination and servicing, and treasury management solutions. In addition to traditional banking products, Ponce Financial Group provides cash management, electronic banking and wealth management services designed to support the financial needs of its diverse client base.

Ponce Financial Group operates exclusively in Puerto Rico, serving both urban and rural communities through its branch network.

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