Amalgamated Financial Corp. (NASDAQ:AMAL) Major Shareholder States Regional Joint Western Sells 1,327 Shares

Amalgamated Financial Corp. (NASDAQ:AMAL) major shareholder States Regional Joint Western sold 1,327 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $34.29, for a total transaction of $45,502.83. Following the completion of the transaction, the insider now owns 7,121,506 shares of the company’s stock, valued at $244,196,440.74. This represents a 0.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

States Regional Joint Western also recently made the following trade(s):

• On Monday, February 3rd, States Regional Joint Western sold 18,000 shares of Amalgamated Financial stock. The stock was sold at an average price of $34.27, for a total transaction of $616,860.00.
• On Wednesday, November 20th, States Regional Joint Western sold 10,000 shares of Amalgamated Financial stock. The shares were sold at an average price of $35.21, for a total transaction of $352,100.00.
• On Monday, November 18th, States Regional Joint Western sold 20,000 shares of Amalgamated Financial stock. The stock was sold at an average price of $35.30, for a total value of $706,000.00.
• On Friday, November 15th, States Regional Joint Western sold 62,971 shares of Amalgamated Financial stock. The stock was sold at an average price of $35.72, for a total value of $2,249,324.12.

Amalgamated Financial Price Performance

Shares of AMAL opened at $34.69 on Thursday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.63 and a quick ratio of 0.63. The company’s fifty day moving average price is $34.56 and its 200-day moving average price is $33.13. Amalgamated Financial Corp. has a 1-year low of $21.33 and a 1-year high of $38.19. The firm has a market capitalization of $1.06 billion, a PE ratio of 10.06 and a beta of 0.92.

Amalgamated Financial (NASDAQ:AMAL) last posted its quarterly earnings results on Thursday, January 23rd. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.03. Amalgamated Financial had a return on equity of 16.49% and a net margin of 24.50%. On average, equities research analysts predict that Amalgamated Financial Corp. will post 3.65 EPS for the current year.

Amalgamated Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Tuesday, February 11th will be given a dividend of $0.14 per share. The ex-dividend date is Tuesday, February 11th. This is an increase from Amalgamated Financial’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 1.61%. Amalgamated Financial’s payout ratio is currently 13.91%.

Analyst Ratings Changes

AMAL has been the topic of several recent analyst reports. Keefe, Bruyette & Woods upped their target price on Amalgamated Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Piper Sandler upped their price objective on shares of Amalgamated Financial from $39.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th.

Institutional Trading of Amalgamated Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. USA Financial Formulas purchased a new position in Amalgamated Financial during the fourth quarter worth approximately $34,000. R Squared Ltd purchased a new position in shares of Amalgamated Financial during the 4th quarter valued at approximately $38,000. New York State Teachers Retirement System acquired a new stake in Amalgamated Financial in the 4th quarter valued at $55,000. US Bancorp DE increased its holdings in Amalgamated Financial by 28.4% in the 3rd quarter. US Bancorp DE now owns 2,312 shares of the company’s stock worth $73,000 after acquiring an additional 512 shares in the last quarter. Finally, CWM LLC lifted its holdings in Amalgamated Financial by 74.9% during the third quarter. CWM LLC now owns 2,414 shares of the company’s stock valued at $76,000 after purchasing an additional 1,034 shares in the last quarter. 75.93% of the stock is owned by institutional investors and hedge funds.

Amalgamated Financial Company Profile

Amalgamated Financial Corp. operates as the bank holding company for Amalgamated Bank that provides commercial and retail banking, investment management, and trust and custody services for commercial and retail customers in the United States. The company accepts various deposit products, including non-interest bearing accounts, interest-bearing demand products, savings accounts, money market accounts, NOW accounts, and certificates of deposit.