Bank of New York Mellon Corp Grows Holdings in Ponce Financial Group, Inc. (NASDAQ:PDLB)

Bank of New York Mellon Corp boosted its holdings in shares of Ponce Financial Group, Inc. (NASDAQ:PDLB) by 13.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 61,892 shares of the company’s stock after purchasing an additional 7,537 shares during the period. Bank of New York Mellon Corp owned approximately 0.26% of Ponce Financial Group worth $566,000 as of its most recent filing with the SEC.

Separately, Los Angeles Capital Management LLC grew its holdings in shares of Ponce Financial Group by 166.5% during the first quarter. Los Angeles Capital Management LLC now owns 53,225 shares of the company’s stock worth $474,000 after buying an additional 33,252 shares during the last quarter. 64.35% of the stock is owned by institutional investors.

Ponce Financial Group Stock Performance

Shares of PDLB stock opened at $11.73 on Tuesday. Ponce Financial Group, Inc. has a 52-week low of $7.31 and a 52-week high of $11.86. The stock’s 50-day moving average price is $10.55 and its 200 day moving average price is $9.40. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 2.50. The stock has a market capitalization of $279.31 million, a PE ratio of 46.92 and a beta of 0.62.

Ponce Financial Group (NASDAQ:PDLB) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.01 by $0.13. Ponce Financial Group had a return on equity of 3.26% and a net margin of 5.52%. The business had revenue of $41.05 million during the quarter, compared to analysts’ expectations of $19.80 million. As a group, equities research analysts forecast that Ponce Financial Group, Inc. will post 0.39 EPS 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.