Connor Clark & Lunn Investment Management Ltd. Increases Stake in Ponce Financial Group, Inc. (NASDAQ:PDLB)

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Ponce Financial Group, Inc. (NASDAQ:PDLB) by 30.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,115 shares of the company’s stock after buying an additional 13,179 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.24% of Ponce Financial Group worth $742,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. American Capital Advisory LLC increased its position in shares of Ponce Financial Group by 150.0% in the 4th quarter. American Capital Advisory LLC now owns 2,500 shares of the company’s stock valued at $32,000 after purchasing an additional 1,500 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Ponce Financial Group during the 4th quarter worth $115,000. Barclays PLC boosted its stake in Ponce Financial Group by 267.8% during the 3rd quarter. Barclays PLC now owns 25,370 shares of the company’s stock worth $297,000 after purchasing an additional 18,472 shares during the period. JPMorgan Chase & Co. boosted its stake in Ponce Financial Group by 170.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 32,113 shares of the company’s stock worth $375,000 after purchasing an additional 20,239 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Ponce Financial Group during the 4th quarter worth $415,000. 64.35% of the stock is owned by hedge funds and other institutional investors.

Ponce Financial Group Stock Down 0.8 %

PDLB stock opened at $12.80 on Friday. Ponce Financial Group, Inc. has a one year low of $7.89 and a one year high of $13.97. The stock has a market capitalization of $306.76 million, a PE ratio of 27.23 and a beta of 0.68. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.26 and a current ratio of 1.26. The company has a fifty day moving average of $13.13 and a 200-day moving average of $12.49.

Ponce Financial Group (NASDAQ:PDLB) last released its earnings results on Tuesday, February 4th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. Ponce Financial Group had a net margin of 6.46% and a return on equity of 4.01%. As a group, analysts expect that Ponce Financial Group, Inc. will post 0.39 EPS for the current year.

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.