Ponce Financial Group (NASDAQ:PDLB – Get Free Report) issued its quarterly earnings results on Monday. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.24, Zacks reports. Ponce Financial Group had a return on equity of 10.52% and a net margin of 16.51%.
Ponce Financial Group Trading Up 0.8%
NASDAQ:PDLB opened at $20.77 on Monday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.34 and a current ratio of 1.34. Ponce Financial Group has a 1 year low of $13.91 and a 1 year high of $21.10. The stock has a market capitalization of $502.55 million, a price-to-earnings ratio of 14.79 and a beta of 0.72. The stock has a fifty day moving average price of $20.30 and a two-hundred day moving average price of $19.48.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the stock. Weiss Ratings raised shares of Ponce Financial Group from a “buy (a-)” rating to a “buy (a)” rating in a report on Friday. Zacks Research cut shares of Ponce Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Ponce Financial Group currently has a consensus rating of “Buy” and a consensus price target of $24.00.
Get Our Latest Analysis on Ponce Financial Group
About Ponce Financial Group
Ponce Financial Group, Inc is the holding company for Ponce Bank, a community-focused savings bank headquartered in the Bronx, New York. Through its banking subsidiary, the company provides financial services to individuals, families, businesses and nonprofit organizations in the New York metropolitan area.
Ponce Bank’s primary offerings include deposit accounts, residential and commercial real estate lending, multifamily and construction loans, commercial and industrial financing, consumer loans and other traditional banking services.
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