PDL Community Bancorp (NASDAQ:PDLB) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 105,400 shares, a drop of 12.6% from the January 15th total of 120,600 shares. Based on an average daily volume of 13,200 shares, the short-interest ratio is presently 8.0 days. Currently, 1.4% of the shares of the stock are sold short.

PDLB traded down $0.16 during trading on Friday, hitting $14.45. The company’s stock had a trading volume of 17,100 shares, compared to its average volume of 10,200. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.06. PDL Community Bancorp has a twelve month low of $12.88 and a twelve month high of $14.85. The business’s fifty day simple moving average is $14.50 and its 200 day simple moving average is $14.27. The firm has a market capitalization of $252.40 million, a price-to-earnings ratio of 85.01 and a beta of 0.46.

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its stake in shares of PDL Community Bancorp by 3.1% in the second quarter. BlackRock Inc. now owns 449,373 shares of the company’s stock worth $6,422,000 after acquiring an additional 13,309 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of PDL Community Bancorp by 12.0% in the second quarter. Vanguard Group Inc. now owns 325,325 shares of the company’s stock worth $4,649,000 after acquiring an additional 34,862 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of PDL Community Bancorp by 0.9% in the fourth quarter. Renaissance Technologies LLC now owns 159,312 shares of the company’s stock worth $2,342,000 after acquiring an additional 1,400 shares during the last quarter. State Street Corp boosted its stake in shares of PDL Community Bancorp by 9.4% in the fourth quarter. State Street Corp now owns 144,361 shares of the company’s stock worth $2,122,000 after acquiring an additional 12,399 shares during the last quarter. Finally, Northern Trust Corp boosted its stake 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 acquiring an additional 6,061 shares during the last quarter. 20.97% of the stock is currently owned by institutional investors.

Several brokerages have commented on PDLB. BidaskClub lowered PDL Community Bancorp from a “sell” rating to a “strong sell” rating in a report on Tuesday, February 4th. ValuEngine lowered PDL Community Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th.

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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