Figure 8 Investment Strategies LLC Makes New Investment in Amalgamated Financial Corp. (NASDAQ:AMAL)

Figure 8 Investment Strategies LLC bought a new position in shares of Amalgamated Financial Corp. (NASDAQ:AMAL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 83,006 shares of the company's stock, valued at approximately $2,778,000. Amalgamated Financial accounts for approximately 2.7% of Figure 8 Investment Strategies LLC's portfolio, making the stock its 10th largest holding. Figure 8 Investment Strategies LLC owned about 0.27% of Amalgamated Financial as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its holdings in Amalgamated Financial by 219.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 162,047 shares of the company's stock valued at $5,083,000 after purchasing an additional 111,357 shares during the period. JPMorgan Chase & Co. grew its holdings in Amalgamated Financial by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 567,609 shares of the company's stock valued at $17,806,000 after purchasing an additional 89,444 shares during the period. Barclays PLC grew its holdings in Amalgamated Financial by 91.7% in the third quarter. Barclays PLC now owns 119,165 shares of the company's stock valued at $3,739,000 after purchasing an additional 57,008 shares during the period. Seizert Capital Partners LLC acquired a new stake in Amalgamated Financial in the third quarter valued at approximately $1,781,000. Finally, Segall Bryant & Hamill LLC acquired a new stake in Amalgamated Financial in the third quarter valued at approximately $1,612,000. 75.93% of the stock is owned by institutional investors and hedge funds.

Amalgamated Financial Trading Down 0.8 %

Shares of NASDAQ AMAL traded down $0.29 during trading on Tuesday, reaching $36.40. The stock had a trading volume of 326,161 shares, compared to its average volume of 216,941. Amalgamated Financial Corp. has a fifty-two week low of $21.33 and a fifty-two week high of $38.19. The company has a market cap of $1.12 billion, a P/E ratio of 10.55 and a beta of 0.92. 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 business's 50-day moving average price is $34.62 and its 200-day moving average price is $33.39.

Amalgamated Financial (NASDAQ:AMAL - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.87 by $0.03. Amalgamated Financial had a return on equity of 16.49% and a net margin of 24.50%. On average, equities research analysts predict that Amalgamated Financial Corp. will post 3.65 EPS for the current fiscal year.

Amalgamated Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Tuesday, February 11th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This is an increase from Amalgamated Financial's previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 1.54%. Amalgamated Financial's dividend payout ratio is currently 13.91%.

Insider Buying and Selling at Amalgamated Financial

In other Amalgamated Financial news, Director Maryann Bruce sold 4,403 shares of the business's stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $33.77, for a total transaction of $148,689.31. Following the transaction, the director now owns 18,319 shares in the company, valued at approximately $618,632.63. The trade was a 19.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder States Regional Joint Western sold 18,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $34.27, for a total value of $616,860.00. Following the transaction, the insider now owns 7,167,816 shares in the company, valued at $245,641,054.32. The trade was a 0.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,730 shares of company stock valued at $1,163,152 in the last ninety days. Insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on AMAL shares. Piper Sandler raised their target price on 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 lifted their price objective on Amalgamated Financial from $41.00 to $45.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th.

Amalgamated Financial 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.