Ponce Financial Group (NASDAQ:PDLB) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Ponce Financial Group (NASDAQ:PDLB) issued its quarterly earnings data on Tuesday. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03, Zacks reports. Ponce Financial Group had a net margin of 5.31% and a return on equity of 3.15%.

Ponce Financial Group Price Performance

Shares of PDLB stock traded down $0.04 during trading hours on Tuesday, hitting $13.24. The company’s stock had a trading volume of 34,160 shares, compared to its average volume of 42,208. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 2.08. The business has a fifty day moving average of $12.95 and a 200-day moving average of $11.72. Ponce Financial Group has a twelve month low of $7.89 and a twelve month high of $13.43. The stock has a market cap of $315.51 million, a price-to-earnings ratio of 35.78 and a beta of 0.65.

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.