Ponce Financial Group, Inc. (NASDAQ:PDLB) Chairman Acquires $40,326.00 in Stock

Ponce Financial Group, Inc. (NASDAQ:PDLB – Get Rating) Chairman Steven Tsavaris purchased 4,700 shares of the firm’s stock in a transaction that occurred on Friday, March 10th. The shares were acquired at an average cost of $8.58 per share, for a total transaction of $40,326.00. Following the purchase, the chairman now owns 305,015 shares of the company’s stock, valued at $2,617,028.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Ponce Financial Group Price Performance

Ponce Financial Group stock opened at $7.38 on Tuesday. Ponce Financial Group, Inc. has a 52-week low of $7.10 and a 52-week high of $10.63. The company has a market cap of $182.49 million, a price-to-earnings ratio of -5.59 and a beta of 0.44. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.04. The firm’s fifty day moving average is $9.44 and its 200 day moving average is $9.47.

Institutional Investors Weigh In On Ponce Financial Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC raised its stake in shares of Ponce Financial Group by 26.5% in the third quarter. Barclays PLC now owns 6,098 shares of the company’s stock valued at $56,000 after acquiring an additional 1,279 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Ponce Financial Group by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 198,758 shares of the company’s stock valued at $1,820,000 after acquiring an additional 2,476 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Ponce Financial Group by 26.9% in the first quarter. Goldman Sachs Group Inc. now owns 14,884 shares of the company’s stock valued at $154,000 after acquiring an additional 3,158 shares during the period. Alliancebernstein L.P. raised its stake in shares of Ponce Financial Group by 1.2% in the third quarter. Alliancebernstein L.P. now owns 370,206 shares of the company’s stock valued at $3,391,000 after acquiring an additional 4,248 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of Ponce Financial Group by 17,175.0% in the first quarter. Royal Bank of Canada now owns 4,837 shares of the company’s stock valued at $50,000 after acquiring an additional 4,809 shares during the period. Hedge funds and other institutional investors own 40.34% of the company’s stock.

Analysts Set New Price Targets

Separately, Compass Point downgraded shares of Ponce Financial Group from a “buy” rating to a “sell” rating and decreased their price target for the company from $11.00 to $9.00 in a research note on Tuesday, January 31st.

Ponce Financial Group Company Profile

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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.