Ponce Financial Group (NASDAQ:PDLB) Issues Earnings Results, Beats Estimates By $0.03 EPS

Ponce Financial Group (NASDAQ:PDLB) released its quarterly earnings results on Tuesday. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03, Zacks reports. Ponce Financial Group had a net margin of 6.46% and a return on equity of 4.01%.

Ponce Financial Group Price Performance

Shares of NASDAQ:PDLB opened at $13.43 on Wednesday. The stock’s 50 day moving average price is $13.02 and its 200 day moving average price is $11.87. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market cap of $319.92 million, a price-to-earnings ratio of 27.83 and a beta of 0.65. Ponce Financial Group has a 12 month low of $7.89 and a 12 month 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.