Geode Capital Management LLC Acquires 9,790 Shares of Ponce Financial Group, Inc. (NASDAQ:PDLB)

Geode Capital Management LLC increased its stake in Ponce Financial Group, Inc. (NASDAQ:PDLB) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 462,611 shares of the company’s stock after purchasing an additional 9,790 shares during the period. Geode Capital Management LLC owned approximately 1.94% of Ponce Financial Group worth $5,409,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of PDLB. Barclays PLC increased its holdings in shares of Ponce Financial Group by 267.8% in the 3rd quarter. Barclays PLC now owns 25,370 shares of the company’s stock worth $297,000 after buying an additional 18,472 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Ponce Financial Group by 6.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 57,621 shares of the company’s stock valued at $674,000 after acquiring an additional 3,500 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Ponce Financial Group during the third quarter valued at about $514,000. Los Angeles Capital Management LLC lifted its stake in Ponce Financial Group by 20.0% during the third 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 last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Ponce Financial Group by 9.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 715,744 shares of the company’s stock worth $6,542,000 after purchasing an additional 64,452 shares in the last quarter. 64.35% of the stock is currently owned by institutional investors.

Ponce Financial Group Price Performance

Shares of Ponce Financial Group stock opened at $13.24 on Friday. The business’s 50-day moving average price is $12.66 and its 200-day moving average price is $11.25. The firm has a market capitalization of $315.50 million, a PE ratio of 35.78 and a beta of 0.65. Ponce Financial Group, Inc. has a 12 month low of $7.89 and a 12 month high of $13.43. 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 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.