Amalgamated Financial Corp. (NASDAQ:AMAL - Get Free Report) major shareholder States Regional Joint Western sold 25,000 shares of the business's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $33.08, for a total value of $827,000.00. Following the transaction, the insider now owns 431,026 shares in the company, valued at $14,258,340.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
States Regional Joint Western also recently made the following trade(s):
- On Monday, November 4th, States Regional Joint Western sold 63,004 shares of Amalgamated Financial stock. The stock was sold at an average price of $32.81, for a total value of $2,067,161.24.
Amalgamated Financial Price Performance
Shares of AMAL traded up $0.13 on Monday, reaching $32.97. The stock had a trading volume of 205,418 shares, compared to its average volume of 145,741. The firm has a market capitalization of $1.01 billion, a PE ratio of 9.68 and a beta of 0.91. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average of $32.17 and a 200 day moving average of $28.77. Amalgamated Financial Corp. has a twelve month low of $18.90 and a twelve month high of $35.30.
Amalgamated Financial (NASDAQ:AMAL - Get Free Report) last released 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. The business had revenue of $111.76 million for the quarter, compared to analysts' expectations of $79.50 million. Amalgamated Financial had a return on equity of 16.53% and a net margin of 24.19%. During the same quarter in the prior year, the firm posted $0.76 EPS. Sell-side analysts expect that Amalgamated Financial Corp. will post 3.46 EPS for the current year.
Amalgamated Financial Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 5th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Tuesday, November 5th. Amalgamated Financial's dividend payout ratio is currently 14.12%.
Institutional Investors Weigh In On Amalgamated Financial
A number of institutional investors and hedge funds have recently modified their holdings of AMAL. Tidal Investments LLC purchased a new stake in Amalgamated Financial in the 1st quarter valued at approximately $909,000. American Century Companies Inc. lifted its stake in Amalgamated Financial by 17.4% in the 2nd quarter. American Century Companies Inc. now owns 428,745 shares of the company's stock valued at $11,748,000 after buying an additional 63,561 shares in the last quarter. LSV Asset Management purchased a new stake in Amalgamated Financial in the 2nd quarter valued at approximately $1,378,000. Deerfield Management Company L.P. Series C purchased a new stake in Amalgamated Financial in the 2nd quarter valued at approximately $1,219,000. Finally, Lazard Asset Management LLC lifted its stake in Amalgamated Financial by 63.0% in the 1st quarter. Lazard Asset Management LLC now owns 15,600 shares of the company's stock valued at $373,000 after buying an additional 6,030 shares in the last quarter. Institutional investors and hedge funds own 75.93% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $35.00 target price (up previously from $30.00) on shares of Amalgamated Financial in a research report on Monday, July 29th.
View Our Latest Report on AMAL
About Amalgamated Financial
(
Get Free Report)
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.
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