Connor Clark & Lunn Investment Management Ltd. Buys Shares of 43,936 Ponce Financial Group, Inc. (NASDAQ:PDLB)

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Ponce Financial Group, Inc. (NASDAQ:PDLB) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 43,936 shares of the company’s stock, valued at approximately $514,000. Connor Clark & Lunn Investment Management Ltd. owned 0.18% of Ponce Financial Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PDLB. Los Angeles Capital Management LLC lifted its holdings 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 acquiring an additional 9,369 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Ponce Financial Group by 13.9% during the 2nd 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 during the period. Dimensional Fund Advisors LP increased its position in shares of 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 purchasing an additional 64,452 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake 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 worth $9,605,000 after purchasing an additional 7,349 shares during the period. 64.35% of the stock is currently owned by hedge funds and other institutional investors.

Ponce Financial Group Stock Performance

PDLB opened at $12.93 on Friday. The company’s 50 day moving average is $11.91 and its 200 day moving average is $10.53. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 2.08. The company has a market cap of $308.12 million, a price-to-earnings ratio of 34.35 and a beta of 0.63. Ponce Financial Group, Inc. has a 12-month low of $7.89 and a 12-month high of $13.15.

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.