Renaissance Technologies LLC Reduces Holdings in Ponce Financial Group, Inc. (NASDAQ:PDLB)

Renaissance Technologies LLC reduced its position in Ponce Financial Group, Inc. (NASDAQ:PDLB) by 1.8% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 82,394 shares of the company’s stock after selling 1,500 shares during the period. Renaissance Technologies LLC owned 0.35% of Ponce Financial Group worth $753,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in Ponce Financial Group by 9.9% during the second quarter. Dimensional Fund Advisors LP now owns 715,744 shares of the company’s stock worth $6,542,000 after buying an additional 64,452 shares during the period. Los Angeles Capital Management LLC grew its position 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 acquiring an additional 33,252 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Ponce Financial Group by 13.9% during the second quarter. Bank of New York Mellon Corp now owns 61,892 shares of the company’s stock worth $566,000 after acquiring an additional 7,537 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of 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. 64.35% of the stock is owned by hedge funds and other institutional investors.

Ponce Financial Group Stock Down 1.8 %

Shares of NASDAQ:PDLB opened at $11.01 on Wednesday. Ponce Financial Group, Inc. has a 1-year low of $7.34 and a 1-year high of $11.86. The company has a debt-to-equity ratio of 2.50, a current ratio of 1.35 and a quick ratio of 1.33. The stock has a market cap of $262.15 million, a P/E ratio of 44.04 and a beta of 0.62. The firm has a fifty day moving average price of $10.89 and a 200 day moving average price of $9.60.

Ponce Financial Group (NASDAQ:PDLB) last announced its earnings results on Tuesday, July 30th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.13. The business had revenue of $41.05 million during the quarter, compared to the consensus estimate of $19.80 million. Ponce Financial Group had a net margin of 5.52% and a return on equity of 3.26%. Sell-side analysts predict 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.