Ponce Financial gains on share buyback plan

Ponce Financial

17/05/2023 17:27

** Shares of Ponce Bank's holding co Ponce Financial Group
Inc  PDLB.O  rise 7.4% to $7.27
    ** Co announces a share repurchase program to buy about 1.2
mln shares of its common stock
    ** Shares represent 5% of the issued and outstanding shares
of co - PDLB
    ** In April, PDLB said it had $1.34 bln in deposits as of
March 31
    ** Including session's gains, stock down 22.1% YTD

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))