Ponce Financial Group, Inc. (NASDAQ:PDLB – Get Free Report) saw a significant decline in short interest in the month of June. As of June 15th, there was short interest totalling 99,700 shares, a decline of 13.7% from the May 31st total of 115,500 shares. Based on an average trading volume of 25,800 shares, the days-to-cover ratio is currently 3.9 days.
Hedge Funds Weigh In On Ponce Financial Group
Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC acquired a new stake in Ponce Financial Group in the fourth quarter valued at approximately $106,000. Los Angeles Capital Management LLC purchased a new position in shares of Ponce Financial Group during the 4th quarter valued at approximately $195,000. Finally, Vanguard Group Inc. grew its stake in Ponce Financial Group by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 1,079,224 shares of the company’s stock valued at $9,605,000 after acquiring 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 Price Performance
Shares of NASDAQ PDLB opened at $9.14 on Friday. The company has a debt-to-equity ratio of 2.53, a current ratio of 1.35 and a quick ratio of 1.34. The stock has a market capitalization of $217.62 million, a price-to-earnings ratio of 36.56 and a beta of 0.61. The firm’s 50 day simple moving average is $8.83 and its 200-day simple moving average is $8.92. Ponce Financial Group has a 12 month low of $7.31 and a 12 month high of $10.19.
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.
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