Barclays PLC Increases Stake in Ponce Financial Group, Inc. (NASDAQ:PDLB)

Barclays PLC lifted its stake in shares of Ponce Financial Group, Inc. (NASDAQ:PDLB) by 267.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,370 shares of the company’s stock after purchasing an additional 18,472 shares during the period. Barclays PLC owned 0.11% of Ponce Financial Group worth $297,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Ponce Financial Group in the third quarter worth approximately $514,000. Bank of New York Mellon Corp increased its holdings in 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 worth $566,000 after purchasing an additional 7,537 shares during the period. Los Angeles Capital Management LLC increased its stake in shares of 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 buying an additional 9,369 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Ponce Financial Group by 6.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,621 shares of the company’s stock valued at $674,000 after purchasing an additional 3,500 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in 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 buying an additional 9,790 shares in the last quarter. 64.35% of the stock is currently owned by hedge funds and other institutional investors.

Ponce Financial Group Price Performance

Shares of NASDAQ PDLB opened at $13.11 on Tuesday. The firm has a market capitalization of $312.41 million, a PE ratio of 35.43 and a beta of 0.65. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.26 and a current ratio of 1.26. Ponce Financial Group, Inc. has a fifty-two week low of $7.89 and a fifty-two week high of $13.43. The stock’s 50-day simple moving average is $12.90 and its 200-day simple moving average is $11.58.

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.