Ponce Financial Group, Inc. (NASDAQ:PDLB – Get Free Report) was the target of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 125,100 shares, a decrease of 16.9% from the March 31st total of 150,600 shares. Based on an average daily trading volume, of 36,700 shares, the days-to-cover ratio is currently 3.4 days.
Ponce Financial Group Trading Down 1.0 %
Shares of PDLB stock opened at $8.15 on Friday. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.36 and a quick ratio of 1.35. The company has a market cap of $193.89 million, a price-to-earnings ratio of 54.33 and a beta of 0.55. The stock has a 50 day simple moving average of $8.59 and a 200-day simple moving average of $8.78. Ponce Financial Group has a 1-year low of $6.51 and a 1-year high of $10.19.
Ponce Financial Group (NASDAQ:PDLB – Get Free Report) last announced its earnings results on Tuesday, January 30th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The business had revenue of $18.48 million during the quarter, compared to the consensus estimate of $18.60 million. Ponce Financial Group had a return on equity of 1.26% and a net margin of 2.46%. On average, equities research analysts expect that Ponce Financial Group will post -0.05 EPS for the current fiscal year.
Institutional Inflows and Outflows
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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