PDL Community Bancorp (NASDAQ:PDLB) Lowered to Sell at ValuEngine

ValuEngine downgraded shares of PDL Community Bancorp (NASDAQ:PDLB) from a hold rating to a sell rating in a report published on Thursday morning, ValuEngine reports.

Separately, BidaskClub downgraded shares of PDL Community Bancorp from a hold rating to a sell rating in a report on Friday, June 21st.

Shares of NASDAQ PDLB traded down $0.06 during midday trading on Thursday, reaching $14.31. 3,342 shares of the stock were exchanged, compared to its average volume of 13,018. The firm has a 50 day moving average of $14.21. The stock has a market cap of $262.12 million, a PE ratio of 102.71 and a beta of 0.43. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.26. PDL Community Bancorp has a twelve month low of $12.42 and a twelve month high of $15.40.

PDL Community Bancorp (NASDAQ:PDLB) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.01. The business had revenue of $10.22 million during the quarter. PDL Community Bancorp had a net margin of 4.75% and a return on equity of 1.43%.

Several large investors have recently bought and sold shares of PDLB. BNP Paribas Arbitrage SA boosted its position in shares of PDL Community Bancorp by 515.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,858 shares of the company’s stock worth $26,000 after purchasing an additional 1,556 shares during the period. LPL Financial LLC purchased a new position in shares of PDL Community Bancorp during the 4th quarter worth approximately $144,000. Context BH Capital Management LP purchased a new position in shares of PDL Community Bancorp during the 1st quarter worth approximately $170,000. Dimensional Fund Advisors LP purchased a new position in shares of PDL Community Bancorp during the 4th quarter worth approximately $282,000. Finally, Geode Capital Management LLC boosted its position in shares of PDL Community Bancorp by 22.2% during the 4th quarter. Geode Capital Management LLC now owns 32,738 shares of the company’s stock worth $417,000 after purchasing an additional 5,956 shares during the period. 18.98% of the stock is owned by hedge funds and other institutional investors.

PDL Community Bancorp Company Profile

PDL Community Bancorp provides various banking products and services primarily in the New York City metropolitan area. The company offers a range of deposit accounts, including demand, savings, and money market accounts, as well as certificates of deposit accounts; and individual retirement accounts.

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