Barclays PLC Has $3.74 Million Holdings in Amalgamated Financial Corp. (NASDAQ:AMAL)

Barclays PLC lifted its position in Amalgamated Financial Corp. (NASDAQ:AMAL - Free Report) by 91.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 119,165 shares of the company's stock after purchasing an additional 57,008 shares during the quarter. Barclays PLC owned 0.39% of Amalgamated Financial worth $3,739,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. US Bancorp DE grew its stake in Amalgamated Financial by 28.4% during the third quarter. US Bancorp DE now owns 2,312 shares of the company's stock worth $73,000 after buying an additional 512 shares during the last quarter. CWM LLC raised its holdings in shares of Amalgamated Financial by 74.9% in the third quarter. CWM LLC now owns 2,414 shares of the company's stock valued at $76,000 after buying an additional 1,034 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in Amalgamated Financial by 12.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 4,816 shares of the company's stock worth $126,000 after buying an additional 528 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Amalgamated Financial during the 2nd quarter worth about $213,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Amalgamated Financial in the 3rd quarter valued at about $214,000. Institutional investors and hedge funds own 75.93% of the company's stock.

Insider Activity at Amalgamated Financial

In related news, major shareholder United Workers sold 55,000 shares of the company's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $37.23, for a total value of $2,047,650.00. Following the completion of the sale, the insider now owns 7,379,084 shares in the company, valued at $274,723,297.32. This represents a 0.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder States Regional Joint Western sold 175,000 shares of Amalgamated Financial stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $37.24, for a total value of $6,517,000.00. Following the transaction, the insider now owns 7,558,575 shares in the company, valued at approximately $281,481,333. This represents a 2.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 591,849 shares of company stock worth $21,099,252. 0.90% of the stock is owned by insiders.

Amalgamated Financial Trading Up 0.6 %

AMAL stock traded up $0.21 during midday trading on Monday, reaching $33.85. The stock had a trading volume of 117,190 shares, compared to its average volume of 153,525. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.10. Amalgamated Financial Corp. has a twelve month low of $21.33 and a twelve month high of $38.19. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 9.96 and a beta of 0.91. The business has a fifty day simple moving average of $35.05 and a two-hundred day simple moving average of $31.41.

Amalgamated Financial (NASDAQ:AMAL - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.91 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.08. Amalgamated Financial had a net margin of 24.19% and a return on equity of 16.00%. The business had revenue of $111.76 million during the quarter, compared to the consensus estimate of $79.50 million. During the same period in the previous year, the firm posted $0.76 earnings per share. As a group, research analysts expect that Amalgamated Financial Corp. will post 3.46 EPS for the current fiscal year.

Amalgamated Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th were given a $0.12 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.48 annualized dividend and a dividend yield of 1.42%. Amalgamated Financial's dividend payout ratio is currently 14.12%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AMAL shares. Piper Sandler upped their target price on shares of Amalgamated Financial from $39.00 to $42.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Keefe, Bruyette & Woods boosted their price objective on shares of Amalgamated Financial from $41.00 to $45.00 and gave the stock an "outperform" rating in a research 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.