45,890 Shares in Amalgamated Financial Corp. (NASDAQ:AMAL) Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. purchased a new position in Amalgamated Financial Corp. (NASDAQ:AMAL - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 45,890 shares of the company's stock, valued at approximately $1,440,000. Assenagon Asset Management S.A. owned approximately 0.15% of Amalgamated Financial as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AMAL. American Century Companies Inc. raised its holdings in shares of Amalgamated Financial by 17.4% in the 2nd quarter. American Century Companies Inc. now owns 428,745 shares of the company's stock worth $11,748,000 after buying an additional 63,561 shares in the last quarter. LSV Asset Management acquired a new position in Amalgamated Financial during the second quarter worth $1,378,000. Deerfield Management Company L.P. Series C bought a new position in shares of Amalgamated Financial during the second quarter valued at $1,219,000. Dimensional Fund Advisors LP boosted its stake in shares of Amalgamated Financial by 3.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,157,594 shares of the company's stock valued at $31,716,000 after purchasing an additional 43,213 shares in the last quarter. Finally, Isthmus Partners LLC grew its holdings in shares of Amalgamated Financial by 38.8% in the 1st quarter. Isthmus Partners LLC now owns 136,397 shares of the company's stock worth $3,274,000 after purchasing an additional 38,112 shares during the last quarter. Institutional investors own 75.93% of the company's stock.

Insiders Place Their Bets

In related news, major shareholder United Canada Council Workers sold 44,577 shares of the firm's stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $29.97, for a total value of $1,335,972.69. Following the transaction, the insider now owns 384,980 shares in the company, valued at $11,537,850.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Amalgamated Financial news, major shareholder Regional Joint Board Rochester sold 55,875 shares of the company's stock in a transaction on Monday, October 28th. The shares were sold at an average price of $34.32, for a total transaction of $1,917,630.00. Following the completion of the sale, the insider now owns 355,893 shares in the company, valued at approximately $12,214,247.76. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder United Canada Council Workers sold 44,577 shares of the firm's stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $29.97, for a total value of $1,335,972.69. Following the completion of the transaction, the insider now owns 384,980 shares in the company, valued at $11,537,850.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 238,424 shares of company stock valued at $7,702,502. 0.90% of the stock is currently owned by corporate insiders.

Amalgamated Financial Price Performance

Amalgamated Financial stock traded down $0.32 on Friday, reaching $32.84. The company's stock had a trading volume of 119,403 shares, compared to its average volume of 145,460. Amalgamated Financial Corp. has a twelve month low of $18.17 and a twelve month high of $35.30. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 9.66 and a beta of 0.92. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.63 and a current ratio of 0.63. The business's fifty day moving average price is $32.17 and its 200 day moving average price is $28.67.

Amalgamated Financial (NASDAQ:AMAL - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.91 EPS 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 16.53%. The firm had revenue of $111.76 million for the quarter, compared to analyst estimates of $79.50 million. During the same quarter in the prior year, the firm earned $0.76 EPS. Equities analysts expect that Amalgamated Financial Corp. will post 3.46 earnings per share for the current fiscal year.

Amalgamated Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 5th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Tuesday, November 5th. Amalgamated Financial's dividend payout ratio (DPR) is presently 14.12%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods restated an "outperform" rating and issued a $35.00 price target (up from $30.00) on shares of Amalgamated Financial in a research report on Monday, July 29th.

About Amalgamated Financial

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.