Ponce Financial Group, Inc. (NASDAQ:PDLB – Get Free Report) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 125,100 shares, a drop of 16.9% from the March 31st total of 150,600 shares. Based on an average trading volume of 36,700 shares, the days-to-cover ratio is presently 3.4 days.
Ponce Financial Group Trading Down 0.7 %
Shares of NASDAQ:PDLB traded down $0.06 during trading on Tuesday, reaching $8.04. 19,373 shares of the company were exchanged, compared to its average volume of 35,480. The firm has a market capitalization of $191.27 million, a PE ratio of 53.60 and a beta of 0.55. The business’s fifty day simple moving average is $8.58 and its 200-day simple moving average is $8.79. Ponce Financial Group has a 12-month low of $6.51 and a 12-month high of $10.19. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.36 and a quick ratio of 1.35.
Ponce Financial Group (NASDAQ:PDLB – Get Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. The company had revenue of $18.48 million for the quarter, compared to analyst estimates of $18.60 million. Ponce Financial Group had a net margin of 2.46% and a return on equity of 1.26%. On average, research analysts anticipate that Ponce Financial Group will post -0.05 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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