Los Angeles Capital Management LLC Sells 6,400 Shares of Ponce Financial Group, Inc. (NASDAQ:PDLB)

Los Angeles Capital Management LLC trimmed its position in Ponce Financial Group, Inc. (NASDAQ:PDLB) by 12.0% during the second quarter, HoldingsChannel.com reports. The fund owned 46,825 shares of the company’s stock after selling 6,400 shares during the period. Los Angeles Capital Management LLC’s holdings in Ponce Financial Group were worth $428,000 at the end of the most recent quarter.

Separately, Vanguard Group Inc. raised its holdings in 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 purchasing an additional 7,349 shares during the period. Institutional investors own 64.35% of the company’s stock.

Ponce Financial Group Price Performance

Shares of PDLB stock opened at $11.24 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.35 and a debt-to-equity ratio of 2.50. Ponce Financial Group, Inc. has a 12-month low of $7.31 and a 12-month high of $11.34. The firm has a fifty day moving average of $10.27 and a 200-day moving average of $9.28. The firm has a market capitalization of $267.65 million, a price-to-earnings ratio of 44.96 and a beta of 0.62.

Ponce Financial Group (NASDAQ:PDLB) last posted its earnings results on Tuesday, July 30th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.13. The firm had revenue of $41.05 million during the quarter, compared to analysts’ expectations of $19.80 million. Ponce Financial Group had a return on equity of 3.26% and a net margin of 5.52%. On average, equities research analysts forecast that Ponce Financial Group, Inc. will post 0.39 earnings per share for the current year.

Ponce Financial Group Company 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.