Isthmus Partners LLC Trims Holdings in Amalgamated Financial Corp. (NASDAQ:AMAL)

Isthmus Partners LLC lowered its stake in shares of Amalgamated Financial Corp. (NASDAQ:AMAL - Free Report) by 19.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 110,357 shares of the company's stock after selling 26,117 shares during the quarter. Isthmus Partners LLC owned about 0.36% of Amalgamated Financial worth $3,462,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC grew its stake in shares of Amalgamated Financial by 679.7% in the 2nd quarter. CWM LLC now owns 1,380 shares of the company's stock valued at $38,000 after purchasing an additional 1,203 shares during the last quarter. US Bancorp DE increased its stake in Amalgamated Financial by 28.4% in the 3rd quarter. US Bancorp DE now owns 2,312 shares of the company's stock valued at $73,000 after buying an additional 512 shares during the period. DekaBank Deutsche Girozentrale raised 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 during the last quarter. Acadian Asset Management LLC acquired a new stake in Amalgamated Financial in the second quarter valued at about $213,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Amalgamated Financial in the 3rd quarter valued at approximately $214,000. Institutional investors and hedge funds own 75.93% of the company's stock.

Insider Transactions at Amalgamated Financial

In other Amalgamated Financial news, CFO Jason Darby sold 4,000 shares of Amalgamated Financial stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $36.59, for a total transaction of $146,360.00. Following the completion of the transaction, the chief financial officer now owns 50,208 shares in the company, valued at approximately $1,837,110.72. The trade was a 7.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder United Canada Council Workers sold 82,464 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $31.05, for a total transaction of $2,560,507.20. Following the completion of the sale, the insider now owns 440,401 shares in the company, valued at $13,674,451.05. This represents a 15.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 718,890 shares of company stock valued at $24,995,731 in the last quarter. 0.90% of the stock is currently owned by corporate insiders.

Amalgamated Financial Stock Performance

Shares of AMAL stock traded down $0.47 during trading hours on Friday, reaching $35.63. 97,216 shares of the company's stock were exchanged, compared to its average volume of 152,776. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.63 and a quick ratio of 0.63. The company's 50 day moving average is $33.77 and its two-hundred day moving average is $30.23. The company has a market cap of $1.09 billion, a P/E ratio of 10.62 and a beta of 0.91. Amalgamated Financial Corp. has a 1 year low of $20.61 and a 1 year high of $38.19.

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

Amalgamated Financial Announces Dividend

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 dividend of $0.12 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.35%. Amalgamated Financial's payout ratio is 14.12%.

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.