PDL Community Bancorp (NASDAQ:PDLB) Upgraded to Hold at BidaskClub

PDL Community Bancorp (NASDAQ:PDLB) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Wednesday, March 27th, BidAskClub reports.

Other analysts have also issued reports about the company. TheStreet raised PDL Community Bancorp from a “d+” rating to a “c-” rating in a report on Friday, March 22nd. ValuEngine lowered PDL Community Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, February 5th.

PDLB remained flat at $$14.17 during midday trading on Wednesday. The company’s stock had a trading volume of 14,798 shares, compared to its average volume of 25,558. The firm has a market cap of $261.62 million, a P/E ratio of 94.47 and a beta of 0.43. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.23 and a quick ratio of 1.23. PDL Community Bancorp has a 52-week low of $12.42 and a 52-week high of $16.23.

PDL Community Bancorp (NASDAQ:PDLB) last announced its quarterly earnings data on Wednesday, March 20th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. PDL Community Bancorp had a return on equity of 1.60% and a net margin of 5.45%. The company had revenue of $10.42 million for the quarter.

Several large investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in shares of PDL Community Bancorp by 22.2% during the fourth quarter. Geode Capital Management LLC now owns 32,738 shares of the company’s stock worth $417,000 after acquiring an additional 5,956 shares in the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of PDL Community Bancorp during the fourth quarter worth $282,000. BlackRock Inc. lifted its position in shares of PDL Community Bancorp by 3.3% during the fourth quarter. BlackRock Inc. now owns 423,303 shares of the company’s stock worth $5,393,000 after acquiring an additional 13,412 shares in the last quarter. LPL Financial LLC bought a new position in shares of PDL Community Bancorp in the fourth quarter worth $144,000. Finally, Rhumbline Advisers bought a new position in shares of PDL Community Bancorp in the fourth quarter worth $155,000. Hedge funds and other institutional investors own 17.61% of the company’s stock.

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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