Quantbot Technologies LP Has $796,000 Stock Position in Amalgamated Financial Corp. (NASDAQ:AMAL)

Quantbot Technologies LP lifted its position in Amalgamated Financial Corp. (NASDAQ:AMAL - Free Report) by 212.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,768 shares of the company's stock after buying an additional 16,169 shares during the quarter. Quantbot Technologies LP owned about 0.08% of Amalgamated Financial worth $796,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. US Bancorp DE lifted its stake in Amalgamated Financial by 28.1% in the fourth quarter. US Bancorp DE now owns 2,962 shares of the company's stock valued at $99,000 after acquiring an additional 650 shares during the last quarter. USA Financial Formulas bought a new position in shares of Amalgamated Financial during the 4th quarter valued at $34,000. R Squared Ltd acquired a new stake in shares of Amalgamated Financial in the 4th quarter valued at $38,000. Harrington Investments INC boosted its holdings in Amalgamated Financial by 1.7% in the fourth quarter. Harrington Investments INC now owns 80,510 shares of the company's stock worth $2,695,000 after purchasing an additional 1,310 shares in the last quarter. Finally, Martingale Asset Management L P increased its position in Amalgamated Financial by 2.0% during the third quarter. Martingale Asset Management L P now owns 72,873 shares of the company's stock worth $2,286,000 after buying an additional 1,450 shares during the last quarter. Institutional investors own 75.93% of the company's stock.

Insider Transactions at Amalgamated Financial

In other news, Director Maryann Bruce sold 4,403 shares of the stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $33.77, for a total value of $148,689.31. Following the completion of the transaction, the director now owns 18,319 shares in the company, valued at approximately $618,632.63. This represents a 19.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder States Regional Joint Western sold 18,000 shares of Amalgamated Financial stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $34.27, for a total transaction of $616,860.00. Following the sale, the insider now owns 7,167,816 shares in the company, valued at approximately $245,641,054.32. This trade represents a 0.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,916 shares of company stock worth $1,035,526. 0.90% of the stock is currently owned by company insiders.

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Amalgamated Financial Stock Performance

AMAL stock traded down $0.73 during mid-day trading on Friday, reaching $28.70. 155,646 shares of the stock traded hands, compared to its average volume of 174,467. Amalgamated Financial Corp. has a 52 week low of $21.33 and a 52 week high of $38.19. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $880.72 million, a PE ratio of 8.32 and a beta of 0.93. The business has a 50-day moving average of $32.68 and a two-hundred day moving average of $33.45.

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

Amalgamated Financial announced that its board has authorized a stock repurchase plan on Monday, March 10th that authorizes the company to repurchase $40.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 4.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Amalgamated Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Tuesday, February 11th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.95%. This is a positive change from Amalgamated Financial's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Tuesday, February 11th. Amalgamated Financial's dividend payout ratio (DPR) is currently 16.23%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AMAL shares. Piper Sandler cut Amalgamated Financial from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $42.00 to $38.00 in a research report on Friday, February 21st. Keefe, Bruyette & Woods upped their target price on 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.