Amalgamated Financial Corp. (NASDAQ:AMAL) Major Shareholder States Regional Joint Western Sells 18,000 Shares

Amalgamated Financial Corp. (NASDAQ:AMAL) major shareholder States Regional Joint Western sold 18,000 shares of Amalgamated Financial stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $34.27, for a total value of $616,860.00. Following the completion of the transaction, the insider now owns 7,167,816 shares of the company’s stock, valued at approximately $245,641,054.32. This trade represents a 0.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, February 5th, States Regional Joint Western sold 1,327 shares of Amalgamated Financial stock. The stock was sold at an average price of $34.29, for a total transaction of $45,502.83.
• 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 shares were 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 Trading Up 1.5 %

Amalgamated Financial stock opened at $34.69 on Thursday. Amalgamated Financial Corp. has a 12 month low of $21.33 and a 12 month high of $38.19. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.10. The business’s fifty day simple moving average is $34.56 and its two-hundred day simple moving average is $33.13. The company has a market capitalization of $1.06 billion, a price-to-earnings 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 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. Amalgamated Financial had a net margin of 24.50% and a return on equity of 16.49%. As a group, equities analysts predict that Amalgamated Financial Corp. will post 3.65 earnings per share for the current fiscal year.

Amalgamated Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $0.56 annualized dividend and a dividend yield of 1.61%. This is a boost from Amalgamated Financial’s previous quarterly dividend of $0.12. Amalgamated Financial’s payout ratio is currently 13.91%.

Institutional Investors Weigh In On Amalgamated Financial

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AMAL. Piper Sandler raised their price objective on shares of Amalgamated Financial from $39.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Keefe, Bruyette & Woods increased their target price on Amalgamated Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th.

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.