Amalgamated Financial Corp. $AMAL Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in shares of Amalgamated Financial Corp. (NASDAQ:AMAL) by 22.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 122,929 shares of the company’s stock after selling 35,234 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Amalgamated Financial were worth $3,938,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Amalgamated Financial by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 1,434,372 shares of the company’s stock worth $45,943,000 after acquiring an additional 49,037 shares during the period. Dimensional Fund Advisors LP raised its stake in Amalgamated Financial by 4.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,407,173 shares of the company’s stock worth $38,205,000 after acquiring an additional 54,885 shares during the period. American Century Companies Inc. raised its stake in Amalgamated Financial by 6.7% during the third quarter. American Century Companies Inc. now owns 589,033 shares of the company’s stock worth $15,992,000 after acquiring an additional 36,851 shares during the period. Millennium Management LLC raised its stake in Amalgamated Financial by 63.7% during the third quarter. Millennium Management LLC now owns 522,598 shares of the company’s stock worth $14,189,000 after acquiring an additional 203,440 shares during the period. Finally, Bridgeway Capital Management LLC raised its stake in Amalgamated Financial by 4.0% during the third quarter. Bridgeway Capital Management LLC now owns 298,215 shares of the company’s stock worth $8,097,000 after acquiring an additional 11,380 shares during the period. Institutional investors and hedge funds own 75.93% of the company’s stock.

Amalgamated Financial Price Performance

NASDAQ AMAL opened at $41.29 on Friday. Amalgamated Financial Corp. has a 52 week low of $25.13 and a 52 week high of $44.01. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 12.00 and a beta of 0.81. The company has a 50-day moving average price of $40.30 and a two-hundred day moving average price of $36.40.

Amalgamated Financial (NASDAQ:AMAL) last posted its earnings results on Thursday, April 23rd. The company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.15). Amalgamated Financial had a return on equity of 13.89% and a net margin of 22.33%.The firm had revenue of $91.36 million during the quarter, compared to the consensus estimate of $91.16 million. Analysts forecast that Amalgamated Financial Corp. will post 3.92 EPS for the current year.

Amalgamated Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Tuesday, May 5th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, May 5th. Amalgamated Financial’s payout ratio is currently 19.77%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Zacks Research lowered shares of Amalgamated Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st. Piper Sandler increased their price objective on shares of Amalgamated Financial from $41.00 to $44.00 and gave the stock a “neutral” rating in a research note on Monday, April 27th. Finally, Weiss Ratings upgraded shares of Amalgamated Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $44.00.

Insider Buying and Selling at Amalgamated Financial

In related news, EVP Sean Searby sold 748 shares of Amalgamated Financial stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $40.02, for a total transaction of $29,934.96. Following the sale, the executive vice president directly owned 22,307 shares in the company, valued at $892,726.14. The trade was a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 6,197 shares of company stock worth $244,464 in the last quarter. 1.63% of the stock is owned by insiders.

About Amalgamated Financial

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.