United Workers Sells 33,647 Shares of Amalgamated Financial Corp. (NASDAQ:AMAL) Stock

Amalgamated Financial Corp. (NASDAQ:AMAL) major shareholder United Workers sold 33,647 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $36.90, for a total value of $1,241,574.30. Following the sale, the insider now owns 7,479,084 shares of the company’s stock, valued at $275,978,199.60. This trade represents a 0.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

United Workers also recently made the following trade(s):

• On Wednesday, November 13th, United Workers sold 55,000 shares of Amalgamated Financial stock. The shares were sold at an average price of $37.23, for a total transaction of $2,047,650.00.
• On Friday, November 8th, United Workers sold 31,844 shares of Amalgamated Financial stock. The stock was sold at an average price of $35.77, for a total transaction of $1,139,059.88.

Amalgamated Financial Stock Performance

NASDAQ AMAL opened at $36.46 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $1.12 billion, a PE ratio of 10.72 and a beta of 0.91. Amalgamated Financial Corp. has a 52-week low of $20.05 and a 52-week high of $38.19. The company has a 50-day simple moving average of $32.79 and a 200 day simple moving average of $29.48.

Amalgamated Financial (NASDAQ:AMAL) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.83 by $0.08. Amalgamated Financial had a return on equity of 16.00% and a net margin of 24.19%. The business had revenue of $111.76 million for the quarter, compared to the consensus estimate of $79.50 million. During the same quarter in the prior year, the business earned $0.76 earnings per share. On average, research analysts predict that Amalgamated Financial Corp. will post 3.46 EPS for the current year.

Amalgamated Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 5th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Tuesday, November 5th. Amalgamated Financial’s dividend payout ratio (DPR) is currently 14.12%.

Institutional Investors Weigh In On Amalgamated Financial

Several institutional investors have recently added to or reduced their stakes in AMAL. CWM LLC raised its position in shares of Amalgamated Financial by 679.7% in the second quarter. CWM LLC now owns 1,380 shares of the company’s stock valued at $38,000 after purchasing an additional 1,203 shares during the period. US Bancorp DE raised its holdings in Amalgamated Financial by 28.4% during the 3rd quarter. US Bancorp DE now owns 2,312 shares of the company’s stock valued at $73,000 after acquiring an additional 512 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Amalgamated Financial in the first quarter worth $126,000. DekaBank Deutsche Girozentrale grew its position in shares of Amalgamated Financial by 12.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,816 shares of the company’s stock valued at $126,000 after purchasing an additional 528 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in Amalgamated Financial during the 2nd quarter worth about $213,000. 75.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $35.00 target price (up previously from $30.00) on shares of Amalgamated Financial in a research note on Monday, July 29th.

About Amalgamated Financial

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.