Ponce Financial Group (NASDAQ:PDLB) Upgraded at Wall Street Zen

Ponce Financial Group (NASDAQ:PDLB - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.Get Ponce Financial Group alerts:PDLB has been the subject of a number of other reports. Weiss Ratings reiterated a "hold (c+)" rating on shares of Ponce Financial Group in a research report on Wednesday, October 8th. Janney Montgomery Scott raised shares of Ponce Financial Group to a "strong-buy" rating in a research note on Wednesday, October 22nd. Finally, Zacks Research lowered shares of Ponce Financial Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 26th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Ponce Financial Group currently has a consensus rating of "Moderate Buy".View Our Latest Stock Report on PDLBPonce Financial Group Trading Up 3.4%Shares of Ponce Financial Group stock opened at $15.08 on Friday. The firm has a market cap of $361.92 million, a price-to-earnings ratio of 16.94 and a beta of 0.84. The business has a 50-day moving average price of $14.62 and a 200-day moving average price of $14.06. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of 1.81. Ponce Financial Group has a twelve month low of $10.88 and a twelve month high of $15.21. Ponce Financial Group (NASDAQ:PDLB - Get Free Report) last posted its earnings results on Friday, October 24th. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.22 by $0.05. Ponce Financial Group had a return on equity of 7.45% and a net margin of 11.46%.The company had revenue of $26.74 million for the quarter. Equities research analysts anticipate that Ponce Financial Group will post 0.39 EPS for the current fiscal year. Institutional Trading of Ponce Financial GroupA number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cornerstone Investment Partners LLC purchased a new position in shares of Ponce Financial Group during the second quarter valued at approximately $147,000. PDT Partners LLC raised its holdings in shares of Ponce Financial Group by 8.0% in the first quarter. PDT Partners LLC now owns 11,081 shares of the company's stock worth $140,000 after buying an additional 820 shares during the period. Operose Advisors LLC bought a new stake in shares of Ponce Financial Group during the 1st quarter worth approximately $152,000. Marshall Wace LLP purchased a new position in Ponce Financial Group during the 2nd quarter valued at $331,000. Finally, Gamco Investors INC. ET AL bought a new position in Ponce Financial Group in the 2nd quarter valued at $536,000. 64.35% of the stock is owned by hedge funds and other institutional investors. Ponce Financial Group Company Profile (Get Free Report)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.Recommended StoriesFive stocks we like better than Ponce Financial GroupAsset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?OpenAI's Restructuring Sets up What Could Be the Biggest IPO EverUpcoming IPO Stock Lockup Period, Explained2 Rare Earth Stocks the U.S. Government Doesn’t Want to FailThe Risks of Owning BondsCrowdStrike Partners With CoreWeave But Investors Sell the NewsThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Ponce Financial Group Right Now?Before you consider Ponce Financial Group, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ponce Financial Group wasn't on the list.While Ponce Financial Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here