Segall Bryant & Hamill LLC Makes New $1.61 Million Investment in Amalgamated Financial Corp. (NASDAQ:AMAL)

Segall Bryant & Hamill LLC purchased a new position in Amalgamated Financial Corp. (NASDAQ:AMAL - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 51,375 shares of the company's stock, valued at approximately $1,612,000. Segall Bryant & Hamill LLC owned 0.17% of Amalgamated Financial as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in AMAL. CWM LLC grew its stake in shares of Amalgamated Financial by 679.7% in the second quarter. CWM LLC now owns 1,380 shares of the company's stock worth $38,000 after acquiring an additional 1,203 shares during the last quarter. US Bancorp DE lifted its stake in shares of Amalgamated Financial by 28.4% in 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 in the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Amalgamated Financial by 12.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 4,816 shares of the company's stock valued at $126,000 after buying an additional 528 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Amalgamated Financial in the 2nd quarter worth $213,000. Finally, Quest Partners LLC raised its stake in shares of Amalgamated Financial by 6.9% in the second quarter. Quest Partners LLC now owns 10,028 shares of the company's stock worth $275,000 after purchasing an additional 646 shares during the last quarter. Institutional investors own 75.93% of the company's stock.

Amalgamated Financial Price Performance

AMAL traded up $0.49 on Friday, hitting $36.51. 215,690 shares of the company's stock traded hands, compared to its average volume of 235,712. Amalgamated Financial Corp. has a one year low of $20.39 and a one year high of $38.19. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 10.74 and a beta of 0.91. The company's 50 day simple moving average is $33.43 and its 200-day simple moving average is $29.99.

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

Amalgamated Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Shareholders 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 yield of 1.31%. Amalgamated Financial's dividend payout ratio (DPR) is presently 14.12%.

Analyst Ratings Changes

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

Insider Activity

In other Amalgamated Financial news, CFO Jason Darby sold 4,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $36.59, for a total value of $146,360.00. Following the sale, the chief financial officer now owns 50,208 shares in the company, valued at $1,837,110.72. This trade represents a 7.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder States Regional Joint Western sold 175,000 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $37.24, for a total transaction of $6,517,000.00. Following the completion of the transaction, the insider now directly owns 7,558,575 shares in the company, valued at $281,481,333. This represents a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 718,890 shares of company stock valued at $24,995,731 in the last ninety days. Insiders own 0.90% of the company's stock.

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.