Seizert Capital Partners LLC Has $3.77 Million Stock Holdings in Amalgamated Financial Corp. (NASDAQ:AMAL)

Seizert Capital Partners LLC lifted its stake in Amalgamated Financial Corp. (NASDAQ:AMAL - Free Report) by 98.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 112,767 shares of the company's stock after buying an additional 56,004 shares during the period. Seizert Capital Partners LLC owned about 0.37% of Amalgamated Financial worth $3,774,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Amalgamated Financial by 4.9% in the 3rd quarter. State Street Corp now owns 704,868 shares of the company's stock worth $22,112,000 after acquiring an additional 33,095 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Amalgamated Financial by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 567,609 shares of the company's stock valued at $17,806,000 after purchasing an additional 89,444 shares in the last quarter. Geode Capital Management LLC lifted its position in Amalgamated Financial by 7.7% in the third quarter. Geode Capital Management LLC now owns 478,888 shares of the company's stock worth $15,026,000 after purchasing an additional 34,109 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Amalgamated Financial by 49.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 242,531 shares of the company's stock worth $8,118,000 after buying an additional 80,484 shares in the last quarter. Finally, Congress Asset Management Co. acquired a new stake in Amalgamated Financial during the fourth quarter worth $5,339,000. 75.93% of the stock is owned by institutional investors and hedge funds.

Amalgamated Financial Price Performance

Shares of Amalgamated Financial stock traded down $0.44 during mid-day trading on Thursday, reaching $29.87. 221,625 shares of the stock were exchanged, compared to its average volume of 244,145. Amalgamated Financial Corp. has a fifty-two week low of $21.33 and a fifty-two week high of $38.19. The company has a market cap of $916.08 million, a price-to-earnings ratio of 8.66 and a beta of 0.93. The firm has a 50-day simple moving average of $34.23 and a 200 day simple moving average of $33.70. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.10.

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

Amalgamated Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Tuesday, February 11th were given a $0.14 dividend. This is an increase from Amalgamated Financial's previous quarterly dividend of $0.12. The ex-dividend date was Tuesday, February 11th. This represents a $0.56 annualized dividend and a yield of 1.87%. Amalgamated Financial's payout ratio is presently 16.23%.

Analyst Ratings Changes

AMAL has been the subject of a number of analyst reports. Piper Sandler downgraded shares of Amalgamated Financial from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $42.00 to $38.00 in a report on Friday, February 21st. Keefe, Bruyette & Woods upped their price objective on Amalgamated Financial from $41.00 to $45.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th.

Insiders Place Their Bets

In related news, Director Maryann Bruce sold 4,403 shares of the business's stock in a transaction that occurred 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 $618,632.63. The trade was a 19.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder States Regional Joint Western sold 18,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $34.27, for a total value of $616,860.00. Following the completion of the transaction, the insider now owns 7,167,816 shares in the company, valued at $245,641,054.32. The trade was a 0.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,730 shares of company stock valued at $908,522. 0.90% of the stock is currently owned by corporate insiders.

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.