Wells Fargo & Company MN Has $161,000 Stock Holdings in Ponce Financial Group, Inc. (NASDAQ:PDLB)

Wells Fargo & Company MN boosted its holdings in shares of Ponce Financial Group, Inc. (NASDAQ:PDLB) by 11.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 12,351 shares of the company’s stock after acquiring an additional 1,298 shares during the quarter. Wells Fargo & Company MN’s holdings in Ponce Financial Group were worth $161,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. American Capital Advisory LLC increased its holdings in shares of Ponce Financial Group by 150.0% in the fourth 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 position in shares of Ponce Financial Group in the fourth quarter valued at approximately $115,000. American Century Companies Inc. lifted its holdings in Ponce Financial Group by 8.2% during the 4th quarter. American Century Companies Inc. now owns 14,419 shares of the company’s stock worth $187,000 after purchasing an additional 1,096 shares during the last quarter. Trexquant Investment LP grew its holdings in Ponce Financial Group by 82.4% in the 4th quarter. Trexquant Investment LP now owns 19,272 shares of the company’s stock valued at $251,000 after buying an additional 8,707 shares in the last quarter. Finally, Barclays PLC increased its position 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 buying an additional 18,472 shares during the period. Institutional investors own 64.35% of the company’s stock.

Ponce Financial Group Stock Down 0.3 %

PDLB opened at $13.55 on Friday. 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 stock has a fifty day moving average of $12.36 and a 200-day moving average of $12.70. Ponce Financial Group, Inc. has a fifty-two week low of $8.61 and a fifty-two week high of $13.97. The company has a market capitalization of $325.00 million, a P/E ratio of 28.83 and a beta of 0.65.

Ponce Financial Group (NASDAQ:PDLB) last issued its quarterly earnings results on Friday, April 25th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.16. The business had revenue of $24.58 million for the quarter, compared to the consensus estimate of $23.40 million. Ponce Financial Group had a return on equity of 4.01% and a net margin of 6.46%. On average, equities analysts expect that Ponce Financial Group, Inc. will post 0.39 EPS 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.