Ponce Financial Group (NASDAQ:PDLB) Posts Earnings Results, Beats Expectations By $0.13 EPS

Ponce Financial Group (NASDAQ:PDLB) issued its quarterly earnings data on Tuesday. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.13, Zacks reports. The firm had revenue of $41.05 million for the quarter, compared to analyst estimates of $19.80 million. Ponce Financial Group had a return on equity of 2.05% and a net margin of 3.64%.

Ponce Financial Group Trading Down 0.1 %

Shares of PDLB stock traded down $0.01 during trading hours on Wednesday, reaching $9.96. The company’s stock had a trading volume of 39,880 shares, compared to its average volume of 37,270. The stock has a market capitalization of $237.15 million, a P/E ratio of 39.88 and a beta of 0.61. Ponce Financial Group has a one year low of $7.31 and a one year high of $10.19. The firm’s fifty day simple moving average is $9.27 and its 200 day simple moving average is $8.92. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 2.53.

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.