PDLB Stock Summary and Trading Ideas (Ponce Finl Gr | NASDAQ:PDLB)

Ponce Financial Group Inc, is a United States-based holding company. Its business consists of taking deposits from the general public and investing those deposits, together with funds generated from operations, in mortgage loans, consisting of one-to-four-family residential, multi-family residential, non-residential property and construction and land, and, to a lesser extent, business, and consumer loans. The company also invests in securities, which consists of securities issued by the U.S. Government and federal agencies and mortgage-backed securities issued by the United States government-sponsored enterprises. Some of the products and services include checking solutions, online and mobile banking, merchant credit card services, and others.

Ponce Finl Gr trades on the NASDAQ stock market under the symbol PDLB.

As of May 22, 2024, PDLB stock price climbed to $9.30 with 35,729 million shares trading.

PDLB has a beta of 1.13, meaning it tends to be more sensitive to market movements. PDLB has a correlation of 0.19 to the broad based SPY ETF.

PDLB has a market cap of $208.41 million. This is considered a Small Cap stock.

Last quarter Ponce Finl Gr reported $21 million in Revenue and $.11 earnings per share. This beat revenue expectation by $3 million and exceeded earnings estimates by $.14.

In the last 3 years, PDLB stock traded as high as $15.75 and as low as $6.51.

The top ETF exchange traded funds that PDLB belongs to (by Net Assets): VTI, IWM, VXF, IWN, DFAT.

PDLB stock has underperformed the market in the last year with a return of +25.2%, while SPY returned +28.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PDLB shares. However, PDLB has outperformed the market in the last 3 month and 2 week periods, returning +7.0% and +8.1%, while SPY returned +6.9% and +2.5%, respectively. This indicates PDLB has been having a stronger performance recently.

PDLB support price is $8.99 and resistance is $9.47 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PDLB stock will trade within this expected range on the day.