PDL Community Bancorp (NASDAQ:PDLB) Downgraded to “Sell” at ValuEngine

PDL Community Bancorp (NASDAQ:PDLB) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, ValuEngine reports.

Separately, BidaskClub cut PDL Community Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, January 7th.

NASDAQ:PDLB traded down $0.01 during trading hours on Tuesday, reaching $14.67. 5,959 shares of the company’s stock were exchanged, compared to its average volume of 11,023. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $258.03 million, a P/E ratio of 86.35 and a beta of 0.45. PDL Community Bancorp has a 12 month low of $12.50 and a 12 month high of $14.85. The business’s 50-day simple moving average is $14.60 and its two-hundred day simple moving average is $14.24.

PDL Community Bancorp (NASDAQ:PDLB) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.01). PDL Community Bancorp had a net margin of 5.60% and a return on equity of 1.78%. The company had revenue of $10.34 million during the quarter.

Several large investors have recently added to or reduced their stakes in PDLB. BlackRock Inc. increased its stake in PDL Community Bancorp by 3.1% in the 2nd quarter. BlackRock Inc. now owns 449,373 shares of the company’s stock worth $6,422,000 after purchasing an additional 13,309 shares in the last quarter. Vanguard Group Inc. lifted its stake in PDL Community Bancorp by 12.0% during the second quarter. Vanguard Group Inc. now owns 325,325 shares of the company’s stock valued at $4,649,000 after buying an additional 34,862 shares in the last quarter. Maltese Capital Management LLC lifted its stake in PDL Community Bancorp by 115.5% during the second quarter. Maltese Capital Management LLC now owns 183,193 shares of the company’s stock valued at $2,618,000 after buying an additional 98,193 shares in the last quarter. Renaissance Technologies LLC lifted its stake in PDL Community Bancorp by 90.1% during the second quarter. Renaissance Technologies LLC now owns 119,412 shares of the company’s stock valued at $1,706,000 after buying an additional 56,600 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of PDL Community Bancorp by 7.1% in the second quarter. Northern Trust Corp now owns 91,122 shares of the company’s stock worth $1,302,000 after buying an additional 6,061 shares during the period. Institutional investors and hedge funds own 20.97% 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.

Featured Story: Book Value Per Share – BVPS

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for PDL Community Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PDL Community Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.