Ponce Financial Group, Inc. (NASDAQ:PDLB) CEO Carlos P. Naudon Acquires 5,000 Shares

Ponce Financial Group, Inc. (NASDAQ:PDLB – Get Rating) CEO Carlos P. Naudon bought 5,000 shares of the stock in a transaction dated Friday, March 10th. The shares were acquired at an average cost of $8.23 per share, for a total transaction of $41,150.00. Following the completion of the acquisition, the chief executive officer now directly owns 77,159 shares of the company’s stock, valued at approximately $635,018.57. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ponce Financial Group Stock Performance

NASDAQ PDLB opened at $7.38 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $182.49 million, a price-to-earnings ratio of -5.59 and a beta of 0.44. The firm’s 50 day simple moving average is $9.44 and its 200 day simple moving average is $9.47. Ponce Financial Group, Inc. has a 1 year low of $7.10 and a 1 year high of $10.63.

Institutional Trading of Ponce Financial Group

Several large investors have recently made changes to their positions in PDLB. M3F Inc. boosted its position in shares of Ponce Financial Group by 113.6% during the 2nd quarter. M3F Inc. now owns 1,946,458 shares of the company’s stock worth $17,985,000 after acquiring an additional 1,035,243 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Ponce Financial Group by 197.9% during the 1st quarter. Vanguard Group Inc. now owns 956,834 shares of the company’s stock worth $9,932,000 after acquiring an additional 635,629 shares in the last quarter. rhino investment partners Inc acquired a new stake in Ponce Financial Group in the second quarter valued at approximately $4,615,000. Brandywine Global Investment Management LLC boosted its position in Ponce Financial Group by 138.2% in the second quarter. Brandywine Global Investment Management LLC now owns 392,169 shares of the company’s stock valued at $3,624,000 after buying an additional 227,543 shares in the last quarter. Finally, BlackRock Inc. boosted its position in Ponce Financial Group by 834.1% in the first quarter. BlackRock Inc. now owns 208,374 shares of the company’s stock valued at $2,162,000 after buying an additional 186,066 shares in the last quarter. Institutional investors and hedge funds own 40.34% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Compass Point cut shares of Ponce Financial Group from a “buy” rating to a “sell” rating and lowered their target price for the stock from $11.00 to $9.00 in a report on Tuesday, January 31st.

About Ponce Financial Group

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Ponce Financial Group, Inc operates as a holding company. It operates as a holding company for Ponce Bank and Mortgage World Bankers, Inc Ponce Bank is a federally-chartered stock savings association and Mortgage World is a mortgage banking entity subject to the comprehensive regulation and examination of the New York State Department of Financial Services.