Connor Clark & Lunn Investment Management Ltd. Takes $514,000 Position in Ponce Financial Group, Inc. (NASDAQ:PDLB)

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Ponce Financial Group, Inc. (NASDAQ:PDLB) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 43,936 shares of the company’s stock, valued at approximately $514,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings in Ponce Financial Group by 13.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 61,892 shares of the company’s stock valued at $566,000 after acquiring an additional 7,537 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of Ponce Financial Group by 20.0% in the third quarter. Los Angeles Capital Management LLC now owns 56,194 shares of the company’s stock worth $657,000 after purchasing an additional 9,369 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings 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 purchasing an additional 64,452 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Ponce Financial Group by 0.7% in the first quarter. Vanguard Group Inc. now owns 1,079,224 shares of the company’s stock worth $9,605,000 after buying an additional 7,349 shares in the last quarter. Institutional investors own 64.35% of the company’s stock.

Ponce Financial Group Stock Performance

NASDAQ:PDLB opened at $12.93 on Friday. The company has a market cap of $308.12 million, a price-to-earnings ratio of 34.35 and a beta of 0.63. Ponce Financial Group, Inc. has a 1 year low of $7.89 and a 1 year high of $13.15. The stock’s 50 day simple moving average is $11.91 and its two-hundred day simple moving average is $10.53. The company has a debt-to-equity ratio of 2.08, a current ratio of 1.26 and a quick ratio of 1.26.

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.