NasdaqGM:PDLB

Stock Analysis Report

Executive Summary

PDL Community Bancorp operates as the holding company for Ponce Bank that provides various banking products and services primarily in the New York City metropolitan area.

Rewards

Earnings are forecast to grow 28.11% per year

Earnings grew by 323.3% over the past year

Risk Analysis

No risks detected for PDLB from our risk checks.


Snowflake Analysis

Excellent balance sheet with solid track record.


Similar Companies

Share Price & News

How has PDL Community Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PDLB has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-0.8%

PDLB

-1.9%

US Mortgage

0.06%

US Market


1 Year Return

10.2%

PDLB

5.7%

US Mortgage

19.4%

US Market

Return vs Industry: PDLB exceeded the US Mortgage industry which returned 5.7% over the past year.

Return vs Market: PDLB underperformed the US Market which returned 19.4% over the past year.


Shareholder returns

PDLBIndustryMarket
7 Day-0.8%-1.9%0.06%
30 Day-1.4%-1.8%1.1%
90 Day1.8%-1.8%8.9%
1 Year10.2%10.2%8.2%5.7%21.9%19.4%
3 Yearn/a19.0%10.6%48.9%39.3%
5 Yearn/a60.2%42.4%71.9%53.1%

Price Volatility Vs. Market

How volatile is PDL Community Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is PDL Community Bancorp undervalued compared to its fair value and its price relative to the market?

85.16x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PDLB's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PDLB's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PDLB is poor value based on its PE Ratio (85.2x) compared to the Mortgage industry average (13.7x).

PE vs Market: PDLB is poor value based on its PE Ratio (85.2x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: PDLB is poor value based on its PEG Ratio (3x)


Price to Book Ratio

PB vs Industry: PDLB is overvalued based on its PB Ratio (1.6x) compared to the US Mortgage industry average (1.1x).


Next Steps

Future Growth

How is PDL Community Bancorp forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

28.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PDLB's forecast earnings growth (28.1% per year) is above the savings rate (1.7%).

Earnings vs Market: PDLB's earnings (28.1% per year) are forecast to grow faster than the US market (14.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PDLB's revenue (5.1% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: PDLB's revenue (5.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PDLB's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has PDL Community Bancorp performed over the past 5 years?

11.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PDLB has high quality earnings.

Growing Profit Margin: PDLB's current net profit margins (7.3%) are higher than last year (1.9%).


Past Earnings Growth Analysis

Earnings Trend: PDLB's earnings have grown by 11.1% per year over the past 5 years.

Accelerating Growth: PDLB's earnings growth over the past year (323.3%) exceeds its 5-year average (11.1% per year).

Earnings vs Industry: PDLB earnings growth over the past year (323.3%) exceeded the Mortgage industry 11.1%.


Return on Equity

High ROE: PDLB's Return on Equity (1.8%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is PDL Community Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: PDLB has a low level of unsold assets or inventory.

Debt Coverage by Assets: PDLB's debt is not covered by short term assets (assets are 0.3x debt).


Financial Institutions Analysis

Asset Level: PDLB's level of assets compared to its equity is low.

Allowance for Bad Loans: PDLB has a sufficient allowance for bad loans.

Low Risk Liabilities: PDLB's liabilities are made up of primarily low risk sources of funding.

Loan Level: PDLB has an acceptable proportion of non-loan assets held.

Low Risk Deposits: PDLB has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: PDLB has an appropriate level of bad loans (1.08%)


Next Steps

Dividend

What is PDL Community Bancorp's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate PDLB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate PDLB's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PDLB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PDLB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PDLB's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.7yrs

Average management tenure


CEO

Carlos Naudon (68yo)

2.4yrs

Tenure

US$3,103,044

Compensation

Mr. Carlos P. Naudon has been President of Ponce Bank (MHC) since 2015 and its CEO since July 2019 and Director since 2014. He served as Chief Operating Officer of Ponce Bank (MHC) since February 2019 unti ...


CEO Compensation Analysis

Compensation vs Market: Carlos's total compensation ($USD3.10M) is above average for companies of similar size in the US market ($USD1.11M).

Compensation vs Earnings: Carlos's compensation has increased by more than 20% in the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Steven Tsavaris
Executive Chairman of the Board2.4yrsUS$3.07m0.31% $765.5k
Carlos Naudon
President2.4yrsUS$3.10m0.15% $377.4k
Frank Perez
Executive VP & CFO2.4yrsUS$689.23k0.011% $27.7k
Elizabeth Macias
Chief Information Systems Officer & Senior VP0yrsno data0.017% $43.2k
Madeline Marquez
Chief External Affairs Officer3yrsno datano data
David Rodriguez
Chief Relationship Manager & Senior VP0yrsno data0.0048% $12.0k
Ioannis Kouzilos
Chief Lending Officer & Senior VP2.9yrsno data0.0093% $23.3k

2.7yrs

Average Tenure

63yo

Average Age

Experienced Management: PDLB's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Steven Tsavaris
Executive Chairman of the Board2.4yrsUS$3.07m0.31% $765.5k
Carlos Naudon
President2.4yrsUS$3.10m0.15% $377.4k
James Demetriou
Independent Director2.4yrsUS$471.07k0.17% $432.0k
William Feldman
Independent Director2.4yrsUS$473.49k0.17% $432.0k
Julio Gurman
Independent Director2.4yrsUS$473.99k0.17% $432.0k
Nick Lugo
Independent Director2.4yrsUS$477.76k0.29% $720.0k
María Alvarez
Independent Director1.1yrsno datano data

2.4yrs

Average Tenure

72yo

Average Age

Experienced Board: PDLB's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

PDL Community Bancorp's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: PDL Community Bancorp
  • Ticker: PDLB
  • Exchange: NasdaqGM
  • Founded: 1960
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$250.730m
  • Shares outstanding: 17.41m
  • Website: https://www.poncebank.com

Number of Employees


Location

  • PDL Community Bancorp
  • 2244 Westchester Avenue
  • Bronx
  • New York
  • 10462
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PDLBNasdaqGM (Nasdaq Global Market)YesCommon StockUSUSDOct 2017

Biography

PDL Community Bancorp operates as the holding company for Ponce Bank that 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. It also provides mortgage loans consisting of one-to-four family real estate loans, including residential investor-owned and owner-occupied, multifamily residential, and nonresidential property loans, as well as construction and land loans; commercial and industrial business loans; consumer loans; and lines of credit. In addition, the company invests in securities. It operates a network of 13 banking offices, which include 4 branches in Bronx, 2 branches in Manhattan, 3 branches in Queens, and 3 branches in Brooklyn, New York; and 1 branch in Union City, New Jersey. The company was founded in 1960 and is headquartered in Bronx, New York. PDL Community Bancorp is a subsidiary of Ponce Bank Mutual Holding Company. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/19 01:42
End of Day Share Price2020/02/18 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.