Ponce Financial Group (NASDAQ:PDLB) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Ponce Financial Group (NASDAQ:PDLB) issued its earnings results on Tuesday. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03, Zacks reports. Ponce Financial Group had a return on equity of 3.15% and a net margin of 5.31%.

Ponce Financial Group Trading Down 0.3 %

PDLB traded down $0.04 on Tuesday, reaching $13.24. 34,160 shares of the company’s stock were exchanged, compared to its average volume of 42,208. Ponce Financial Group has a twelve month low of $7.89 and a twelve month high of $13.43. The company’s 50 day moving average is $12.95 and its 200-day moving average is $11.72. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $315.51 million, a price-to-earnings ratio of 35.78 and a beta of 0.65.

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.