Amalgamated Financial Corp. (NASDAQ:AMAL) Major Shareholder States Regional Joint Western Sells 25,000 Shares

Amalgamated Financial Corp. (NASDAQ:AMAL) major shareholder States Regional Joint Western sold 25,000 shares of Amalgamated Financial stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $33.08, for a total value of $827,000.00. Following the transaction, the insider now owns 431,026 shares in the company, valued at $14,258,340.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Monday, November 4th, States Regional Joint Western sold 63,004 shares of Amalgamated Financial stock. The stock was sold at an average price of $32.81, for a total transaction of $2,067,161.24.

Amalgamated Financial Trading Up 1.5 %

NASDAQ AMAL opened at $33.35 on Wednesday. Amalgamated Financial Corp. has a 52 week low of $18.90 and a 52 week high of $35.30. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.63 and a current ratio of 0.63. The stock’s 50 day moving average price is $32.22 and its two-hundred day moving average price is $28.93. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 9.81 and a beta of 0.91.

Amalgamated Financial (NASDAQ:AMAL) last announced its earnings results on Thursday, October 24th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.83 by $0.08. Amalgamated Financial had a net margin of 24.19% and a return on equity of 16.53%. The business had revenue of $111.76 million during the quarter, compared to analysts’ expectations of $79.50 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. As a group, analysts anticipate that Amalgamated Financial Corp. will post 3.46 earnings per share for the current fiscal year.

Amalgamated Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 5th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $0.48 annualized dividend and a yield of 1.44%. Amalgamated Financial’s payout ratio is presently 14.12%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of AMAL. American Century Companies Inc. raised its stake in shares of Amalgamated Financial by 17.4% during the 2nd quarter. American Century Companies Inc. now owns 428,745 shares of the company’s stock worth $11,748,000 after purchasing an additional 63,561 shares in the last quarter. LSV Asset Management bought a new stake in Amalgamated Financial during the second quarter worth $1,378,000. Assenagon Asset Management S.A. acquired a new stake in Amalgamated Financial in the third quarter valued at $1,440,000. Deerfield Management Company L.P. Series C bought a new position in shares of Amalgamated Financial in the 2nd quarter valued at about $1,219,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Amalgamated Financial by 3.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,157,594 shares of the company’s stock worth $31,716,000 after purchasing an additional 43,213 shares during the last quarter. 75.93% of the stock is owned by institutional investors and hedge funds.

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.