Charles Schwab Investment Management Inc. Acquires 3,500 Shares of Ponce Financial Group, Inc. (NASDAQ:PDLB)

Charles Schwab Investment Management Inc. increased its position in Ponce Financial Group, Inc. (NASDAQ:PDLB) by 6.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 57,621 shares of the company’s stock after acquiring an additional 3,500 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.24% of Ponce Financial Group worth $674,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of PDLB. Bank of New York Mellon Corp grew its position in shares of Ponce Financial Group by 13.9% in the second quarter. Bank of New York Mellon Corp now owns 61,892 shares of the company’s stock valued at $566,000 after purchasing an additional 7,537 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in Ponce Financial Group by 20.0% in the 3rd quarter. Los Angeles Capital Management LLC now owns 56,194 shares of the company’s stock worth $657,000 after purchasing an additional 9,369 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Ponce Financial Group in the 3rd quarter worth about $514,000. Finally, Dimensional Fund Advisors LP grew 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 in the last quarter. Institutional investors own 64.35% of the company’s stock.

Ponce Financial Group Trading Down 4.9 %

Shares of Ponce Financial Group stock opened at $12.45 on Thursday. The company’s 50-day moving average price is $12.37 and its 200-day moving average price is $10.94. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 2.08. Ponce Financial Group, Inc. has a 12-month low of $7.89 and a 12-month high of $13.43. The company has a market cap of $296.67 million, a price-to-earnings ratio of 33.65 and a beta of 0.66.

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.