Seizert Capital Partners LLC Purchases New Position in Amalgamated Financial Corp. (NASDAQ:AMAL)

Seizert Capital Partners LLC purchased a new stake in shares of Amalgamated Financial Corp. (NASDAQ:AMAL - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 56,763 shares of the company's stock, valued at approximately $1,781,000. Seizert Capital Partners LLC owned 0.19% of Amalgamated Financial as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of AMAL. CWM LLC lifted its position in shares of Amalgamated Financial by 679.7% during the second quarter. CWM LLC now owns 1,380 shares of the company's stock worth $38,000 after purchasing an additional 1,203 shares during the last quarter. US Bancorp DE lifted its holdings in Amalgamated Financial by 28.4% during 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 in the last quarter. DekaBank Deutsche Girozentrale boosted its position in Amalgamated Financial by 12.3% in the 2nd 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 period. Allspring Global Investments Holdings LLC bought a new position in Amalgamated Financial in the 1st quarter worth about $126,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Amalgamated Financial during the second quarter worth approximately $213,000. 75.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Amalgamated Financial

In other Amalgamated Financial news, major shareholder United Canada Council Workers sold 82,464 shares of the firm's 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 transaction, the insider now directly owns 440,401 shares of the company's stock, valued at approximately $13,674,451.05. This trade represents a 15.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder States Regional Joint Western sold 175,000 shares of the stock in a transaction on 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 sale, the insider now owns 7,558,575 shares in the company, valued at $281,481,333. The trade was a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 625,919 shares of company stock valued at $21,688,307 in the last quarter. 0.90% of the stock is currently owned by corporate insiders.

Amalgamated Financial Stock Down 1.0 %

Shares of AMAL traded down $0.34 during mid-day trading on Monday, hitting $35.22. The company's stock had a trading volume of 170,950 shares, compared to its average volume of 152,094. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 10.36 and a beta of 0.91. The company's 50-day moving average is $32.98 and its 200-day moving average is $29.70. 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 Corp. has a 52-week low of $20.39 and a 52-week high of $38.19.

Amalgamated Financial (NASDAQ:AMAL - Get Free Report) last announced its earnings results 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 16.00%. The business had revenue of $111.76 million during the quarter, compared to the consensus estimate of $79.50 million. During the same period in the previous year, the company posted $0.76 earnings per share. On average, equities research analysts forecast that Amalgamated Financial Corp. will post 3.46 EPS for the current fiscal year.

Amalgamated Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, November 5th. This represents a $0.48 annualized dividend and a dividend yield of 1.36%. Amalgamated Financial's dividend payout ratio is presently 14.12%.

Analyst Upgrades and Downgrades

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

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.