T. Rowe Price Investment Manageme recently announced the acquisition of new stake in Ponce Financial Group Inc. (NASDAQ:PDLB). This fresh investment now brings its stake to 10.18% valued currently at $24.89 million. In addition, M3F, Inc. raised its holdings by 0.13 million to 2.07 million shares. And Rhino Investment Partners, Inc. has lifted its position by 2.17% or 10814.0 shares – to 0.51 million shares.
With over 0.34 million Ponce Financial Group Inc. (PDLB) shares trading Tuesday and a closing price of $9.99 on the day, the dollar volume was approximately $3.37 million. The shares have shown a positive half year performance of 9.06% and its price on 01/10/23 gained nearly 0.91%. Currently, there are 23.09M common shares owned by the public and among those 20.39M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 2 analysts who have offered their price forecasts for PDLB have a consensus price objective of $11.00. The analysts have set the share’s price value over the next 12 months at a high of $11.00 and a low of $11.00. The average price target is 9.18% above its recent price level and an upside to the estimated low will see the stock gain 9.18% over that period. But an upside of 9.18% will see the stock hit the forecast high price target while median target price for the stock is $11.00.
Insiders at the company have transacted a total of 18 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 15 of these insider trades were purchases, accounting for 79,684 shares. Insider sales of the common stock occurred on 3 occasions, with total insider shares sold totaling 675 shares.
The top 3 mutual fund holders in Ponce Financial Group Inc. are T Rowe Price Small Cap Value Fund, Vanguard Total Stock Market Index, and Vanguard Extended Market Index Fu. T Rowe Price Small Cap Value Fund owns 1.78 million shares of the company’s stock, all valued at over $17.58 million. The company sold 7200.0 shares recently to bring their total holdings to about 7.19% of the shares outstanding. Vanguard Total Stock Market Index bought 54445.0 shares to see its total holdings expand to 0.89 million shares valued at over $8.82 million and representing 3.61% of the shares outstanding. Vanguard Extended Market Index Fu now owns shares totaling to 1.30% of the shares outstanding.
Shares of Ponce Financial Group Inc. (NASDAQ: PDLB) opened at $9.885, down -$0.02 from a prior closing price of $9.90. However, the script later moved the day high at 10.04, up 0.91%. The company’s stock has a 5-day price change of 5.05% and 8.00% over the past three months. PDLB shares are trading 7.19% year to date (YTD), with the 12-month market performance down to -6.27% lower. It has a 12-month low price of $9.04 and touched a high of $11.16 over the same period. PDLB has an average intraday trading volume of 46.85K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 5.09%, 3.89%, and 4.46% respectively.
Institutional ownership of Ponce Financial Group Inc. (NASDAQ: PDLB) shares accounts for 38.60% of the company’s 23.09M shares outstanding. Mutual fund holders own 25.60%, while other institutional holders and individual stakeholders account for 5.32% and 14.81% respectively.
It has a market capitalization of $244.26M and a beta (3y monthly) value of 0.36. The earnings-per-share (ttm) stands at -$0.03. The company has a debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.02% over the week and 2.75% over the month.
Analysts forecast that Ponce Financial Group Inc. (PDLB) will achieve an EPS of -$0.02 for the current quarter, $0.04 for the next quarter and $0.25 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.08 while analysts give the company a high EPS estimate of $0.04. Comparatively, EPS for the current quarter was $0.09 a year ago. Earnings per share for the fiscal year are expected to increase by 555.30%, and 120.70% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate Ponce Financial Group Inc. (PDLB) as a “Strong Buy” at a consensus score of 1.00. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 0 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the PDLB, a number of firms have released research notes about the stock. Janney stated their Buy rating for the stock in a research note on February 24, 2022, with the firm’s price target at $12.25.