Stocks/PDLB

PDLB

Ponce Financial Group, Inc.
Financial Services·Banks - Regional
$18.88
$457M market cap
Revenue
$103.0M
Free Cash Flow
$48.9M
Rev Growth
+0.0%
FCF Margin
47.4%
P/FCF
9.3x
EV/FCF
21.1x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--

Ponce Financial Group, Inc. operates as the bank holding company for Ponce Bank that provides various banking products and services. It accepts various deposit products, including demand accounts, NOW/IOLA accounts, money market accounts, reciprocal deposits, savings accounts, and certificates of deposit. The company also provides one-to-four family investor-owned and owner-occupied residential, multifamily residential, nonresidential property, construction and land, commercial and industrial, b

2-Year Price History

$18.57+105.6%
$10$12$14$16$18volJun 24Oct 24Jan 25May 25Sep 25Jan 26May 26

Quarterly Financials & Projections

Quarterly Waterfall ($ M)
PeriodRevEBITDAOpInNIOCFFCFCapExCashDebtSharesROICIntCovEV/EBITDA
Act2026-Q150.711.411.48.613.913.9-0.127.4600.523.34.4%0.6x--
Act2025-Q452.314.814.810.134.935.0-0.0218.6625.523.35.6%0.7x--

Valuation & Metrics

Market Stats

Price$18.88
Market Cap$457M
Enterprise Value$1.0B
P/S Ratio4.4x
P/FCF9.3x
EV/FCF21.1x
FCF Margin (TTM)47.4%
FCF Yield10.7%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD

TTM Financial Snapshot

Revenue$103.0M
Net Income$18.8M
Free Cash Flow$48.9M

Revenue Growth (YoY)+0.0%
EBITDA Margin25.4%
Net Margin18.2%
FCF Margin47.4%
CapEx % of Revenue0.1%
SBC % of Revenue1.1%
ROIC5.0%
WC Change % Rev-5.0%
Interest Coverage0.6x

Forward Outlook & Risk

Short Interest

Short % of Float--
Short Shares0.3M
Days to Cover8.2
Change (vs Prior)-3.1%
Need at least 2 settlement dates for chart

Employees

Headcount211
Revenue / Employee$488,171
Gross Profit / Employee$284,479

Institutional Ownership

Headline & net flow

NEUTRAL
Net flow · still filing
No float data — flow unavailable.

Ownership composition

Active
26.4%(+7.8% YoY)
78 filers
hedge / family / endowment
Retail funds
Fidelity, Schwab, 401(k)
Passive
17.2%(+4.4% YoY)
9 filers
Vanguard, iShares, SPDR
Market makers
0.1%(-0.0% YoY)
3 filers
Citadel, Susquehanna
Insiders
Form 4 — latest per insider
0%25%50%75%100%2022-062023-032023-122024-092025-062026-03
ActiveRetail fundsPassiveMarket makersRetail direct

Top holders

Fund$ valueCost basisΔ QoQΔ YoYα lifeFund AUM
M3F, Inc.$33.5M$10.01+$2.5M−$4.4M+1.5%$404M
T. Rowe Price Investment Management, Inc.$31.8M$9.19+$140K−$4.2M-1.3%$145.22B
BlackRock, Inc.Passive$27.1M$11.73−$169K−$686K-0.2%$5.69T
DIMENSIONAL FUND ADVISORS LPPassive$15.7M$9.94+$428K+$1.3M-0.4%$480.92B
VANGUARD CAPITAL MANAGEMENT LLCPassive$14.5M$16.71+$14.5M+$14.5M$4.04T
BANK OF AMERICA CORP /DE/$8.4M$10.40+$28K+$104K-0.1%$1.36T
GEODE CAPITAL MANAGEMENT, LLCPassive$7.7M$9.25+$35K−$133K+2.3%$1.61T
STATE STREET CORPPassive$5.7M$9.83+$58K+$667K-0.2%$2.89T
ALLIANCEBERNSTEIN L.P.$4.7M$12.79+$1.4M+$2.6M-0.3%$307.70B
Empirical Finance, LLC$4.1M$14.26+$671K+$4.1M+0.5%$2.13B
RENAISSANCE TECHNOLOGIES LLC$4.0M$13.96+$366K+$1.8M+1.2%$63.91B
MANGROVE PARTNERS$3.2M$10.54+$0+$468K+1.6%$1.23B
First Pacific Advisors, LP$3.0M$8.99+$0+$0+0.6%$7.00B
MARSHALL WACE, LLP$2.9M$15.11+$901K+$2.9M+0.6%$92.71B
NORTHERN TRUST CORPPassive$2.5M$9.15+$128K−$254K-0.2%$755.34B
VANGUARD FIDUCIARY TRUST COPassive$2.3M$16.71+$2.3M+$2.3M$395.83B
RAYMOND JAMES FINANCIAL INC$2.0M$12.87+$52K+$58K-0.0%$322.69B
Connor, Clark & Lunn Investment Management Ltd.$2.0M$13.56+$192K+$1.1M+0.6%$43.38B
VANGUARD PORTFOLIO MANAGEMENT LLCPassive$1.9M$16.71+$1.9M+$1.9M$1.91T
CITADEL ADVISORS LLC$1.4M$14.89+$507K+$963K-0.4%$138.22B
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.

Trading behavior

Smart-money alpha (lifetime, %/qtr)BEARISH
Holders
+0.20%
avg per quarter
Holders (ex-self)
+0.22%
excl. this stock
Buyers (this Q)
+0.27%
50 buyers · $0.03B in
Sellers (this Q)
+1.29%
23 sellers · $0.00B out
alpha coverage: 90% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
-1.9%
how holders react when this stock falls
On quiet Qs
-5.5%
−10% to +10% baseline
On rallies (+10%+)
-11.6%
how they react when this stock rises
Holders' portfolio flow this Q
+0.7%
inflows — adds are organic
Sellers' portfolio flow this Q
-1.2%
Sellers shed AUM broadly — partly forced.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-4.4%
Holder mid (any stock)
-3.6%
Holder rally (any stock)
-6.2%

Top Holders Over Time

5-year share-count history (top 10 holders by peak, incl. exited) + price

01.8M3.6M5.3M7.1M$7.82$10$12$14$172022-032022-122023-092024-062025-032025-122026-03
hover the chart for per-quarter detailprice (right axis)
M3F, Inc.2.0MT. Rowe Price Investment Management, Inc.1.9MPRICE T ROWE ASSOCIATES INC /MD/BANK OF AMERICA CORP /DE/505KRhino Investment Partners, IncALLIANCEBERNSTEIN L.P.289KMALTESE CAPITAL MANAGEMENT LLCEJF Capital LLCEmpirical Finance, LLC247KRENAISSANCE TECHNOLOGIES LLC242K

Analyst Coverage

Analyst Coverage
Price Targets
Last Quarter (1 analysts)$24.002710.0%
Last Year (1 analysts)$24.002710.0%
Current Price$18.88
Analyst Ratings
1
1
Buy: 1Sell: 1Consensus: Buy

Corporate

Insider Trading (last 12mo)

Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Officers & directors
Buys ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Sells ($, 12mo)
$184K
1 txn · 1 insider · 10,929 sh
Recent transactions
DateSideInsiderTitleSharesPriceDollarsOwned $
2026-02-11SELLKouzilos Ioannisofficer: EVP & Chief Lending Officer10,929$16.81$184K$623K

Order Flow (FINRA, ~3w lag)

13.4%retail-2.9pp
14.7%dark-1.8pp
week of 2026-04-13
10%20%30%40%24-1125-0225-0525-0825-1126-0226-04retail (non-ATS)dark (ATS)
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.

Filing Risk Analysis

Filing Risk Scores

Ponce Financial Group, Inc.: Administrative Shell Lacks Substantive Disclosure for Forensic Validation

Overall Risk
5/10
Fraud
1/10
Dilution
1/10
Insolvency
1/10
Earnings Overstated
1/10
Hidden Liabilities
1/10
Legal
1/10
Audit Warnings
1/10
Hidden Upside
1/10
Contextually Acceptable
10/10