PDL Community Bancorp (NASDAQ:PDLB) Downgraded to Sell at BidaskClub

BidaskClub lowered shares of PDL Community Bancorp (NASDAQ:PDLB) from a hold rating to a sell rating in a research report sent to investors on Friday morning, BidAskClub reports.

Several other equities analysts have also recently commented on PDLB. TheStreet upgraded shares of PDL Community Bancorp from a d+ rating to a c- rating in a research report on Friday, March 22nd. ValuEngine upgraded shares of PDL Community Bancorp from a sell rating to a hold rating in a research report on Thursday, May 9th.

Shares of NASDAQ:PDLB opened at $14.07 on Friday. The company has a market capitalization of $256.47 million, a PE ratio of 100.50 and a beta of 0.44. 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 12 month low of $12.42 and a 12 month high of $16.12.

PDL Community Bancorp (NASDAQ:PDLB) last issued its earnings results on Tuesday, May 7th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.03 by $0.01. The company 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%.

A number of hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA increased its position in 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 in the last quarter. Geode Capital Management LLC increased its position in 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 in the last quarter. LPL Financial LLC acquired a new position in PDL Community Bancorp during the 4th quarter worth approximately $144,000. Rhumbline Advisers acquired a new position in PDL Community Bancorp during the 4th quarter worth approximately $155,000. Finally, Context BH Capital Management LP acquired a new position in PDL Community Bancorp during the 1st quarter worth approximately $170,000. Institutional investors and hedge funds own 18.98% 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.

Read More: Strangles

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.