41,100 Shares in Ponce Financial Group, Inc. (NASDAQ:PDLB) Purchased by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB purchased a new position in Ponce Financial Group, Inc. (NASDAQ:PDLB) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 41,100 shares of the company’s stock, valued at approximately $534,000. MassMutual Private Wealth & Trust FSB owned approximately 0.17% of Ponce Financial Group at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in shares of Ponce Financial Group by 13.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 61,892 shares of the company’s stock valued at $566,000 after purchasing an additional 7,537 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Ponce Financial Group by 9.9% in the second quarter. Dimensional Fund Advisors LP now owns 715,744 shares of the company’s stock worth $6,542,000 after buying an additional 64,452 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in Ponce Financial Group by 20.0% during the third quarter. Los Angeles Capital Management LLC now owns 56,194 shares of the company’s stock valued at $657,000 after buying an additional 9,369 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Ponce Financial Group during the 3rd quarter valued at approximately $514,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Ponce Financial Group by 6.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,621 shares of the company’s stock worth $674,000 after acquiring an additional 3,500 shares during the last quarter. 64.35% of the stock is currently owned by institutional investors.

Ponce Financial Group Trading Up 1.5 %

Shares of PDLB opened at $13.31 on Wednesday. The stock has a market capitalization of $317.16 million, a PE ratio of 35.97 and a beta of 0.65. The company’s fifty day moving average is $12.91 and its 200 day moving average is $11.61. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.26 and a current ratio of 1.26. Ponce Financial Group, Inc. has a fifty-two week low of $7.89 and a fifty-two week high of $13.43.

Ponce Financial Group (NASDAQ:PDLB) last announced its earnings results on Wednesday, October 30th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. The firm had revenue of $42.44 million during the quarter, compared to analysts’ expectations of $19.80 million. Ponce Financial Group had a return on equity of 3.15% and a net margin of 5.31%. Sell-side analysts expect that Ponce Financial Group, Inc. will post 0.44 earnings per share for the current fiscal year.

Ponce Financial Group 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.