States Regional Joint Western Sells 44,658 Shares of Amalgamated Financial (NASDAQ:AMAL) Stock

Amalgamated Financial Corp. (NASDAQ:AMAL) major shareholder States Regional Joint Western sold 44,658 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $49.43, for a total transaction of $2,207,444.94. Following the transaction, the insider directly owned 274,475 shares in the company, valued at approximately $13,567,299.25. The trade was a 13.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 Tuesday, September 8th, States Regional Joint Western sold 42,910 shares of Amalgamated Financial stock. The stock was sold at an average price of $48.56, for a total transaction of $2,083,709.60.
• On Friday, September 4th, States Regional Joint Western sold 68,783 shares of Amalgamated Financial stock. The shares were sold at an average price of $49.20, for a total transaction of $3,384,123.60.
• On Wednesday, September 2nd, States Regional Joint Western sold 44,244 shares of Amalgamated Financial stock. The shares were sold at an average price of $48.19, for a total transaction of $2,132,118.36.
• On Tuesday, September 1st, States Regional Joint Western sold 15,000 shares of Amalgamated Financial stock. The stock was sold at an average price of $47.28, for a total transaction of $709,200.00.
• On Monday, August 31st, States Regional Joint Western sold 73,535 shares of Amalgamated Financial stock. The shares were sold at an average price of $48.12, for a total value of $3,538,504.20.

Amalgamated Financial Trading Down 0.8%

Shares of Amalgamated Financial stock opened at $47.83 on Thursday. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 12.75 and a beta of 0.79. Amalgamated Financial Corp. has a fifty-two week low of $25.13 and a fifty-two week high of $51.59. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.63 and a current ratio of 0.64. The stock has a 50 day moving average of $48.49 and a 200 day moving average of $43.69.

Amalgamated Financial (NASDAQ:AMAL) last posted its earnings results on Thursday, July 23rd. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.10. Amalgamated Financial had a return on equity of 14.30% and a net margin of 23.34%.The company had revenue of $96.10 million during the quarter, compared to analysts’ expectations of $92.09 million. As a group, research analysts predict that Amalgamated Financial Corp. will post 4.06 earnings per share for the current year.

Amalgamated Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Tuesday, August 4th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, August 4th. Amalgamated Financial’s payout ratio is 18.13%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Amalgamated Financial from $53.00 to $54.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Zacks Research raised shares of Amalgamated Financial from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. Raymond James Financial assumed coverage on shares of Amalgamated Financial in a report on Thursday, September 3rd. They issued an “outperform” rating and a $55.00 target price for the company. Piper Sandler boosted their target price on Amalgamated Financial from $48.00 to $53.00 and gave the company a “neutral” rating in a research report on Monday, July 27th. Finally, Weiss Ratings upgraded Amalgamated Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 5th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Amalgamated Financial has a consensus rating of “Moderate Buy” and a consensus price target of $54.00.

Key Headlines Impacting Amalgamated Financial

Here are the key news stories impacting Amalgamated Financial this week:

• Positive Sentiment: The company’s latest quarterly results exceeded expectations, with earnings per share of $1.10 versus the $1.00 consensus estimate and revenue of $96.1 million versus $92.09 million expected. Analysts maintain a “Moderate Buy” consensus rating and an average price target of $54, above recent trading levels. Amalgamated Financial stock analysis
• Positive Sentiment: Amalgamated Financial continues to pay a quarterly dividend of $0.17, or $0.68 annualized, representing a yield of approximately 1.4% and a payout ratio of about 18%.
• Neutral Sentiment: The stock remains near its 52-week high, while its 200-day moving average is well below the current level, indicating strong longer-term momentum but also a relatively elevated valuation after its substantial advance.
• Negative Sentiment: Major shareholder States Regional Joint Western reported selling 42,910 shares on September 8 at an average price of $48.56, worth approximately $2.08 million. The transaction reduced its reported position by 17.75%. September 8 SEC filing
• Negative Sentiment: Additional sales of 68,783 shares on September 4 and 44,658 shares on September 3 generated roughly $5.59 million in proceeds. Including the September 8 transaction, these reported sales totaled 156,351 shares and approximately $7.68 million, weighing on investor sentiment.
• Negative Sentiment: The same disclosure also lists further sales from August 31 through September 2, bringing the reported selling over that period to roughly 289,000 shares and $14.1 million. Although these transactions may reflect portfolio management rather than deteriorating company fundamentals, their frequency and size create a near-term supply overhang for AMAL.

Institutional Trading of Amalgamated Financial

Hedge funds have recently made changes to their positions in the business. Hsbc Holdings PLC acquired a new position in shares of Amalgamated Financial in the second quarter valued at approximately $2,259,000. Empowered Funds LLC purchased a new position in Amalgamated Financial in the 2nd quarter valued at approximately $6,459,000. Vanguard Group Inc. boosted its position in Amalgamated Financial by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 1,434,372 shares of the company’s stock valued at $45,943,000 after buying an additional 49,037 shares during the period. Versor Investments LP acquired a new position in shares of Amalgamated Financial in the fourth quarter worth $935,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Amalgamated Financial during the second quarter worth $1,298,000. Institutional investors and hedge funds own 75.93% of the company’s stock.

Amalgamated Financial Company Profile

Amalgamated Financial Corp. (NASDAQ: AMAL) is the bank holding company for Amalgamated Bank, a fully insured commercial bank with a historic mission of serving labor unions, progressive non-profits and mission-driven organizations. Founded in 1923 by the Amalgamated Clothing Workers of America, Amalgamated Bank has grown into a national institution offering a broad suite of banking services, including deposit accounts, commercial and consumer lending, cash management, and treasury solutions tailored to organizations with social responsibility or union affiliations.

In addition to core banking, Amalgamated Financial provides wealth management and trust services, retirement plan consulting and impact investing strategies.