Ponce Financial Group, Inc. (NASDAQ:PDLB) Shares Purchased by Barclays PLC

Barclays PLC lifted its position in Ponce Financial Group, Inc. (NASDAQ:PDLB) by 267.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,370 shares of the company’s stock after acquiring an additional 18,472 shares during the period. Barclays PLC’s holdings in Ponce Financial Group were worth $297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Ponce Financial Group by 6.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 57,621 shares of the company’s stock worth $674,000 after acquiring an additional 3,500 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Ponce Financial Group by 13.9% in the second quarter. Bank of New York Mellon Corp now owns 61,892 shares of the company’s stock worth $566,000 after acquiring an additional 7,537 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake 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 acquiring an additional 9,369 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Ponce Financial Group during the third quarter worth $514,000. Finally, Dimensional Fund Advisors LP boosted its stake in Ponce Financial Group by 9.9% during the second quarter. Dimensional Fund Advisors LP now owns 715,744 shares of the company’s stock worth $6,542,000 after buying an additional 64,452 shares during the last quarter. 64.35% of the stock is owned by institutional investors and hedge funds.

Ponce Financial Group Stock Performance

NASDAQ PDLB opened at $13.24 on Monday. The stock’s fifty day moving average is $12.66 and its two-hundred day moving average is $11.27. The firm has a market capitalization of $315.50 million, a P/E ratio of 35.78 and a beta of 0.65. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.26 and a current ratio of 1.26. Ponce Financial Group, Inc. has a fifty-two week low of $7.89 and a fifty-two week high of $13.43.

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.