JPMorgan Chase & Co. Increases Stock Position in Ponce Financial Group, Inc. (NASDAQ:PDLB)

JPMorgan Chase & Co. increased its holdings in shares of Ponce Financial Group, Inc. (NASDAQ:PDLB) by 170.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,113 shares of the company’s stock after buying an additional 20,239 shares during the period. JPMorgan Chase & Co. owned about 0.13% of Ponce Financial Group worth $375,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PDLB. Charles Schwab Investment Management Inc. raised its holdings in Ponce Financial Group by 6.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 57,621 shares of the company’s stock worth $674,000 after purchasing an additional 3,500 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in Ponce Financial Group by 20.0% in the third quarter. Los Angeles Capital Management LLC now owns 56,194 shares of the company’s stock valued at $657,000 after buying an additional 9,369 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Ponce Financial Group by 2.2% in the third quarter. Geode Capital Management LLC now owns 462,611 shares of the company’s stock valued at $5,409,000 after acquiring an additional 9,790 shares during the period. Barclays PLC boosted its holdings in shares of Ponce Financial Group by 267.8% in the third quarter. Barclays PLC now owns 25,370 shares of the company’s stock valued at $297,000 after acquiring an additional 18,472 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Ponce Financial Group during the third quarter worth approximately $514,000. 64.35% of the stock is currently owned by hedge funds and other institutional investors.

Ponce Financial Group Price Performance

Shares of PDLB opened at $13.30 on Thursday. Ponce Financial Group, Inc. has a fifty-two week low of $7.89 and a fifty-two week high of $13.43. The firm has a 50-day simple moving average of $12.97 and a 200-day simple moving average of $11.76. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market capitalization of $316.93 million, a price-to-earnings ratio of 35.95 and a beta of 0.65.

Ponce Financial Group (NASDAQ:PDLB) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Ponce Financial Group had a return on equity of 3.15% and a net margin of 5.31%. On average, equities research analysts anticipate that Ponce Financial Group, Inc. will post 0.44 earnings per share for the current year.

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.