Ponce Financial Group, Inc. (NASDAQ:PDLB) Short Interest Up 28.0% in February

Ponce Financial Group, Inc. (NASDAQ:PDLB) was the recipient of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 105,000 shares, an increase of 28.0% from the February 13th total of 82,000 shares. Approximately 0.5% of the company’s shares are sold short. Based on an average trading volume of 47,700 shares, the short-interest ratio is presently 2.2 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PDLB. American Capital Advisory LLC grew its stake in Ponce Financial Group by 150.0% in the 4th quarter. American Capital Advisory LLC now owns 2,500 shares of the company’s stock valued at $32,000 after buying an additional 1,500 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of Ponce Financial Group during the 4th quarter valued at $68,000. SG Americas Securities LLC purchased a new position in shares of Ponce Financial Group during the 4th quarter valued at $115,000. PDT Partners LLC purchased a new position in shares of Ponce Financial Group during the 4th quarter valued at $133,000. Finally, Wells Fargo & Company MN grew its position in shares of Ponce Financial Group by 11.7% during the 4th quarter. Wells Fargo & Company MN now owns 12,351 shares of the company’s stock valued at $161,000 after purchasing an additional 1,298 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

PDLB stock opened at $12.75 on Wednesday. The stock has a market capitalization of $303.82 million, a PE ratio of 27.13 and a beta of 0.68. The company’s 50-day moving average is $13.14 and its 200-day moving average is $12.47. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.26 and a quick ratio of 1.26. Ponce Financial Group has a 1 year low of $7.89 and a 1 year high of $13.97.

Ponce Financial Group (NASDAQ:PDLB) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. Ponce Financial Group had a net margin of 6.46% and a return on equity of 4.01%. Equities research analysts expect that Ponce Financial Group will post 0.39 EPS for the current fiscal year.

Ponce Financial Group Company 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.