Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it. Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. - ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock ali ...

Ponce Financial (PDLB) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this holding company of Ponce Bank, should get reflected in its stock price. After all, empirical research shows a strong correlation ...

NEW YORK, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Ponce Financial Group, Inc., (the "Company") (NASDAQ: PDLB), the holding company for Ponce Bank (the "Bank"), today reported that the Ponce Bank Westchester Avenue Branch located at 2244 Westchester Avenue in the Castle Hill area of the Bronx was approved as a Banking Development District ("BDD"). The designation covers Bronx Community District 9 and includes the neighborhoods of Soundview, Parkchester, and Castle Hill. New York State's BDD Program, administered b ...

Core Viewpoint - Ponce Financial Group, Inc. announced the approval of its Ponce Bank Westchester Avenue Branch as a Banking Development District (BDD), aimed at enhancing access to banking services in underserved areas of the Bronx [1][2]. Group 1: BDD Program Overview - New York State's BDD Program, managed by the Department of Financial Services, promotes the establishment of bank branches in areas with a demonstrated need for banking services, relying on community support [2]. - Approved BDD branches, like Ponce Bank's, gain access to subsidized and market rate deposits from New York State, with Ponce Bank receiving $35 million in total program deposits as of July 30, 2024 [3]. Group 2: Community Impact and Services - Ponce Bank plans to leverage the BDD designation to expand access to affordable financial services, targeting local residents and small businesses with competitive financial products [4]. - The bank will also focus on providing financial education to foster financial empowerment and inclusion within the community [4]. Group 3: Company Profile - Ponce Financial Group, Inc. serves as the holding company for Ponce Bank, which is recognized as a Minority Depository Institution and a Community Development Financial Institution [5]. - Ponce Bank's operations primarily involve accepting deposits and investing in various types of loans, including mortgage loans and business loans, as well as securities [5].

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, ...

Ponce Financial (PDLB) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1,300%. A quarter ago, it was expected that this holding company of Ponce Bank would post a loss of $0.03 per share when it actually produced earnings of $0.11, delivering a surprise of 466.67%. Over the last fo ...

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Financial Performance - Net income available to common stockholders for Q2 2024 was $3.1 million, or $0.14 per diluted share, compared to $2.4 million in Q1 2024 and a net loss of $0.1 million in Q2 2023 [1] - Net interest income for Q2 2024 decreased by $0.9 million (4.88%) to $17.9 million compared to Q1 2024, but increased by $1.6 million (9.96%) compared to Q2 2023 [6] - Non-interest income for Q2 2024 was $2.3 million, a 32.28% increase from Q1 2024 and a 51.34% increase from Q2 2023 [35] - Non-interest expense for Q2 2024 decreased by $0.8 million (4.74%) to $16.1 million compared to Q1 2024 and decreased by $0.9 million (5.51%) compared to Q2 2023 [36] Balance Sheet and Asset Quality - Total assets increased by $91.3 million (3.32%) to $2.84 billion as of June 30, 2024, driven by a $126.3 million increase in net loans receivable [53] - Net loans receivable grew by $126.3 million (6.66%) to $2.02 billion as of June 30, 2024 compared to December 31, 2023 [30] - Deposits increased by $98.5 million (6.53%) to $1.61 billion as of June 30, 2024 compared to December 31, 2023 [30] - Non-performing loans as a percentage of total gross loans stood at 0.89% as of June 30, 2024, down from 0.98% in June 2023 [49] Capital and Liquidity - Total capital to risk-weighted assets (Bank only) was 22.47% as of June 30, 2024, well above regulatory requirements [32] - Liquid assets plus borrowing capacity at FHLBNY stood at $679.9 million, approximately 1.7 times uninsured deposits of $401.7 million [48] - Book value per common share increased to $11.45 as of June 30, 2024, up $0.51 from the previous year [48] Loan Portfolio - Total loans, gross increased to $2.05 billion as of June 30, 2024, with construction and land loans making up 31.39% of the portfolio [23] - Mortgage loans accounted for 98.26% of total loans, with multifamily residential loans representing 26.66% of the portfolio [23] - Business loans increased to $30.2 million (1.48% of total loans) as of June 30, 2024, up from $19.8 million in December 2023 [23] Interest Rate Environment - Net interest margin was 2.62% for Q2 2024, down from 2.71% in Q1 2024 and 2.65% in Q2 2023 [6] - Net interest rate spread was 1.72% for Q2 2024, compared to 1.82% in Q1 2024 and 1.75% in Q2 2023 [48] - Average yield on interest-earning assets increased to 5.69% in Q2 2024 from 5.06% in Q2 2023 [70]

The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive. Ponce Financial (PDLB) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for "trend" investors. However, it's not enough to look at the price change for ...