Ponce Financial Group (NASDAQ:PDLB) Releases Earnings Results, Beats Expectations By $0.13 EPS

Ponce Financial Group (NASDAQ:PDLB) issued its earnings results on Tuesday. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.13, Zacks reports. The firm had revenue of $41.05 million for the quarter, compared to analyst estimates of $19.80 million. Ponce Financial Group had a return on equity of 3.29% and a net margin of 5.52%.

Ponce Financial Group Stock Performance

Shares of NASDAQ PDLB opened at $9.90 on Thursday. Ponce Financial Group has a 52-week low of $7.31 and a 52-week high of $10.19. The stock has a market capitalization of $235.72 million, a price-to-earnings ratio of 39.60 and a beta of 0.61. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 2.53. The stock’s fifty day simple moving average is $9.27 and its 200 day simple moving average is $8.92.

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.