Los Angeles Capital Management LLC Buys 9,369 Shares of Ponce Financial Group, Inc. (NASDAQ:PDLB)

Los Angeles Capital Management LLC raised its stake in Ponce Financial Group, Inc. (NASDAQ:PDLB) by 20.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 56,194 shares of the company’s stock after acquiring an additional 9,369 shares during the period. Los Angeles Capital Management LLC’s holdings in Ponce Financial Group were worth $657,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in PDLB. Dimensional Fund Advisors LP raised its holdings in Ponce Financial Group by 9.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 715,744 shares of the company’s stock valued at $6,542,000 after buying an additional 64,452 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Ponce Financial Group by 13.9% during the second quarter. Bank of New York Mellon Corp now owns 61,892 shares of the company’s stock valued at $566,000 after acquiring an additional 7,537 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Ponce Financial Group by 0.7% during the first quarter. Vanguard Group Inc. now owns 1,079,224 shares of the company’s stock worth $9,605,000 after purchasing an additional 7,349 shares during the period. Hedge funds and other institutional investors own 64.35% of the company’s stock.

Ponce Financial Group Stock Down 0.1 %

Shares of NASDAQ:PDLB opened at $12.77 on Friday. The stock’s 50-day moving average is $11.65 and its 200 day moving average is $10.28. The company has a market cap of $304.31 million, a PE ratio of 34.51 and a beta of 0.63. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.26 and a quick ratio of 1.26. Ponce Financial Group, Inc. has a 1 year low of $7.89 and a 1 year high of $13.15.

Ponce Financial Group Company 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.