Geode Capital Management LLC Buys 9,790 Shares of Ponce Financial Group, Inc. (NASDAQ:PDLB)

Geode Capital Management LLC increased its position in Ponce Financial Group, Inc. (NASDAQ:PDLB) by 2.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 462,611 shares of the company’s stock after purchasing an additional 9,790 shares during the period. Geode Capital Management LLC’s holdings in Ponce Financial Group were worth $5,409,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PDLB. Bank of New York Mellon Corp increased its position in shares of Ponce Financial Group by 13.9% in the second quarter. Bank of New York Mellon Corp now owns 61,892 shares of the company’s stock valued at $566,000 after acquiring an additional 7,537 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Ponce Financial Group by 9.9% in the second quarter. Dimensional Fund Advisors LP now owns 715,744 shares of the company’s stock worth $6,542,000 after purchasing an additional 64,452 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in Ponce Financial Group by 20.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 56,194 shares of the company’s stock valued at $657,000 after purchasing an additional 9,369 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Ponce Financial Group during the 3rd quarter valued at approximately $514,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in 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 worth $674,000 after buying an additional 3,500 shares during the period. 64.35% of the stock is currently owned by institutional investors.

Ponce Financial Group Price Performance

Shares of PDLB stock opened at $13.24 on Friday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $315.50 million, a P/E ratio of 35.78 and a beta of 0.65. The business’s 50 day moving average price is $12.66 and its 200-day moving average price is $11.25. Ponce Financial Group, Inc. has a fifty-two week low of $7.89 and a fifty-two week high of $13.43.

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.