Ponce Financial Group (NASDAQ:PDLB) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Ponce Financial Group (NASDAQ:PDLB) announced its quarterly earnings data on Monday. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02), FiscalAI reports. The firm had revenue of $31.59 million during the quarter, compared to the consensus estimate of $30.90 million. Ponce Financial Group had a return on equity of 10.69% and a net margin of 16.51%.

Ponce Financial Group Stock Up 2.3%

Ponce Financial Group stock opened at $20.49 on Wednesday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 1.75. The firm has a market cap of $495.65 million, a P/E ratio of 14.64 and a beta of 0.68. The business has a fifty day moving average of $19.51 and a two-hundred day moving average of $17.81. Ponce Financial Group has a twelve month low of $13.71 and a twelve month high of $20.74.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on PDLB shares. Wall Street Zen cut Ponce Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings lowered Ponce Financial Group from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Monday, May 11th. Zacks Research downgraded Ponce Financial Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Finally, New Street Research set a $24.00 price objective on shares of Ponce Financial Group in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $24.00.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PDLB. Dimensional Fund Advisors LP boosted its position in Ponce Financial Group by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 904,075 shares of the company’s stock valued at $13,290,000 after purchasing an additional 5,143 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Ponce Financial Group by 0.9% during the third quarter. Vanguard Group Inc. now owns 1,113,564 shares of the company’s stock valued at $16,369,000 after buying an additional 10,221 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Ponce Financial Group by 72.3% in the 4th quarter. Marshall Wace LLP now owns 120,447 shares of the company’s stock valued at $1,969,000 after buying an additional 50,539 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Ponce Financial Group by 111.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 51,173 shares of the company’s stock worth $837,000 after buying an additional 26,988 shares during the last quarter. Finally, Zacks Investment Management purchased a new position in shares of Ponce Financial Group in the 4th quarter worth approximately $661,000. 64.35% of the stock is owned by institutional investors.

Ponce Financial Group Company Profile

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.