10,857 Shares in Ponce Financial Group, Inc. (NASDAQ:PDLB) Purchased by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in Ponce Financial Group, Inc. (NASDAQ:PDLB) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,857 shares of the company’s stock, valued at approximately $106,000.

A number of other institutional investors have also bought and sold shares of PDLB. Dimensional Fund Advisors LP increased its holdings in shares of Ponce Financial Group by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 198,758 shares of the company’s stock valued at $1,820,000 after purchasing an additional 2,476 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Ponce Financial Group by 26.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 14,884 shares of the company’s stock worth $154,000 after acquiring an additional 3,158 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Ponce Financial Group by 21,593.3% during the 2nd quarter. Royal Bank of Canada now owns 3,254 shares of the company’s stock worth $29,000 after acquiring an additional 3,239 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Ponce Financial Group during the 1st quarter valued at about $28,000. Finally, Barclays PLC grew its holdings in shares of Ponce Financial Group by 67.5% in the fourth quarter. Barclays PLC now owns 10,212 shares of the company’s stock valued at $95,000 after purchasing an additional 4,114 shares during the period. 64.35% of the stock is owned by hedge funds and other institutional investors.

Ponce Financial Group Price Performance

Ponce Financial Group stock opened at $8.39 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.35 and a debt-to-equity ratio of 2.57. The stock has a market cap of $199.60 million, a P/E ratio of 55.93 and a beta of 0.55. The company has a 50-day moving average price of $8.65 and a 200 day moving average price of $8.76. Ponce Financial Group, Inc. has a 12-month low of $6.51 and a 12-month high of $10.19.

Ponce Financial Group (NASDAQ:PDLB) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. Ponce Financial Group had a net margin of 2.46% and a return on equity of 1.26%. The business had revenue of $18.48 million during the quarter, compared to the consensus estimate of $18.60 million. Sell-side analysts anticipate that Ponce Financial Group, Inc. will post -0.05 earnings per share for the current year.

Ponce Financial Group 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.