Raymond James Financial Inc. Purchases Shares of 31,912 Ponce Financial Group, Inc. (NASDAQ:PDLB)

Raymond James Financial Inc. acquired a new position in shares of Ponce Financial Group, Inc. (NASDAQ:PDLB) during the 4th quarter, Holdings Channel reports. The fund acquired 31,912 shares of the company’s stock, valued at approximately $415,000.

Several other hedge funds have also made changes to their positions in PDLB. Charles Schwab Investment Management Inc. increased its stake in Ponce Financial Group by 6.5% in the third 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. Barclays PLC lifted its holdings in shares of Ponce Financial Group by 267.8% during the 3rd quarter. Barclays PLC now owns 25,370 shares of the company’s stock worth $297,000 after acquiring an additional 18,472 shares during the period. Geode Capital Management LLC boosted its position in shares of Ponce Financial Group by 2.2% in the third quarter. Geode Capital Management LLC now owns 462,611 shares of the company’s stock worth $5,409,000 after acquiring an additional 9,790 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Ponce Financial Group by 170.4% in the third quarter. JPMorgan Chase & Co. now owns 32,113 shares of the company’s stock worth $375,000 after acquiring an additional 20,239 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB purchased a new stake in Ponce Financial Group in the fourth quarter valued at approximately $534,000. Institutional investors and hedge funds own 64.35% of the company’s stock.

Ponce Financial Group Stock Performance

NASDAQ:PDLB opened at $11.43 on Wednesday. The company has a market cap of $273.93 million, a P/E ratio of 24.32 and a beta of 0.50. The firm’s 50 day moving average is $12.92 and its two-hundred day moving average is $12.60. Ponce Financial Group, Inc. has a fifty-two week low of $7.89 and a fifty-two week high of $13.97. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 2.08.

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

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.