Ponce Financial Group, Inc. (NASDAQ:PDLB – Get Free Report) was the target 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. Based on an average trading volume of 47,700 shares, the short-interest ratio is presently 2.2 days. Currently, 0.5% of the company’s shares are short sold.
Ponce Financial Group Trading Down 0.4 %
Shares of NASDAQ PDLB traded down $0.05 during trading on Tuesday, hitting $12.75. 23,311 shares of the company were exchanged, compared to its average volume of 45,146. Ponce Financial Group has a 12-month low of $7.89 and a 12-month high of $13.97. 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 company has a fifty day moving average price of $13.14 and a 200-day moving average price of $12.46. The firm has a market capitalization of $303.82 million, a PE ratio of 27.13 and a beta of 0.68.
Ponce Financial Group (NASDAQ:PDLB – Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Ponce Financial Group had a return on equity of 4.01% and a net margin of 6.46%. As a group, equities research analysts expect that Ponce Financial Group will post 0.39 EPS for the current year.
Hedge Funds Weigh In On Ponce Financial Group
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.
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