M3F Inc. Acquires 147,979 Shares of Ponce Financial Group, Inc. $PDLB

M3F Inc. lifted its holdings in shares of Ponce Financial Group, Inc. (NASDAQ:PDLB) by 8.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,003,960 shares of the company’s stock after purchasing an additional 147,979 shares during the period. Ponce Financial Group accounts for about 8.3% of M3F Inc.’s portfolio, making the stock its 2nd biggest position. M3F Inc. owned 8.29% of Ponce Financial Group worth $33,486,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its holdings in shares of Ponce Financial Group by 275.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,698 shares of the company’s stock worth $40,000 after buying an additional 1,980 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Ponce Financial Group by 46.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,510 shares of the company’s stock valued at $49,000 after acquiring an additional 1,114 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of Ponce Financial Group by 104.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,928 shares of the company’s stock valued at $58,000 after acquiring an additional 2,007 shares during the period. SG Americas Securities LLC acquired a new position in shares of Ponce Financial Group during the 4th quarter valued at $113,000. Finally, Invesco Ltd. bought a new position in Ponce Financial Group during the second quarter worth $169,000. Institutional investors and hedge funds own 64.35% of the company’s stock.

Ponce Financial Group Stock Performance

PDLB opened at $20.11 on Monday. The firm has a market capitalization of $486.46 million, a PE ratio of 15.47 and a beta of 0.68. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.33 and a quick ratio of 1.33. Ponce Financial Group, Inc. has a fifty-two week low of $13.65 and a fifty-two week high of $20.62. The company’s 50-day moving average is $18.70 and its 200 day moving average is $17.41.

Ponce Financial Group (NASDAQ:PDLB) last issued its quarterly earnings data on Friday, April 24th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.27 by $0.09. The firm had revenue of $30.27 million during the quarter, compared to the consensus estimate of $26.70 million. Ponce Financial Group had a return on equity of 10.09% and a net margin of 15.74%. As a group, research analysts predict that Ponce Financial Group, Inc. will post 10.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PDLB has been the subject of a number of research reports. Wall Street Zen cut shares of Ponce Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. New Street Research set a $24.00 price objective on shares of Ponce Financial Group in a research report on Wednesday, May 20th. Weiss Ratings lowered Ponce Financial Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, May 11th. Finally, Zacks Research upgraded Ponce Financial Group from a “hold” rating to a “strong-buy” rating in a report on Monday, May 25th. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Strong Buy” and an average target price of $24.00.

Ponce Financial Group Company Profile

Ponce Financial Group, Inc (NASDAQ: PDLB) is a bank holding company based in Puerto Rico. Through its primary subsidiary, Banco Ponce, the company offers a range of commercial and retail banking services tailored to individuals, small businesses and corporate clients across the island.

The company’s core business activities include deposit-taking, commercial and consumer lending, mortgage origination and servicing, and treasury management solutions. In addition to traditional banking products, Ponce Financial Group provides cash management, electronic banking and wealth management services designed to support the financial needs of its diverse client base.

Ponce Financial Group operates exclusively in Puerto Rico, serving both urban and rural communities through its branch network.