Barclays PLC Increases Stake in Ponce Financial Group, Inc. (NASDAQ:PDLB)

Barclays PLC grew its holdings in Ponce Financial Group, Inc. (NASDAQ:PDLB) by 267.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,370 shares of the company’s stock after buying an additional 18,472 shares during the quarter. Barclays PLC’s holdings in Ponce Financial Group were worth $297,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings 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 purchasing an additional 64,452 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Ponce Financial Group during the 3rd quarter worth about $514,000. Geode Capital Management LLC boosted its position in Ponce Financial Group by 2.2% during the third quarter. Geode Capital Management LLC now owns 462,611 shares of the company’s stock worth $5,409,000 after acquiring an additional 9,790 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of Ponce Financial Group by 20.0% during 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. Finally, Bank of New York Mellon Corp grew 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 buying an additional 7,537 shares during the period. Institutional investors and hedge funds own 64.35% of the company’s stock.

Ponce Financial Group Stock Performance

Shares of PDLB stock opened at $13.11 on Tuesday. Ponce Financial Group, Inc. has a one year low of $7.89 and a one year high of $13.43. The company has a 50 day moving average price of $12.90 and a 200 day moving average price of $11.58. The firm has a market capitalization of $312.41 million, a price-to-earnings ratio of 35.43 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 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.