Tidal Investments LLC Takes $496,000 Position in Amalgamated Financial Corp. (NASDAQ:AMAL)

Tidal Investments LLC bought a new stake in Amalgamated Financial Corp. (NASDAQ:AMAL - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,798 shares of the company's stock, valued at approximately $496,000. Tidal Investments LLC owned 0.05% of Amalgamated Financial as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of Amalgamated Financial by 7.7% in the third quarter. Geode Capital Management LLC now owns 478,888 shares of the company's stock valued at $15,026,000 after acquiring an additional 34,109 shares in the last quarter. Barclays PLC lifted its holdings in Amalgamated Financial by 91.7% in the 3rd quarter. Barclays PLC now owns 119,165 shares of the company's stock worth $3,739,000 after purchasing an additional 57,008 shares in the last quarter. Jane Street Group LLC boosted its stake in Amalgamated Financial by 26.4% in the 3rd quarter. Jane Street Group LLC now owns 29,977 shares of the company's stock worth $940,000 after purchasing an additional 6,258 shares during the period. State Street Corp grew its holdings in Amalgamated Financial by 4.9% during the 3rd quarter. State Street Corp now owns 704,868 shares of the company's stock valued at $22,112,000 after buying an additional 33,095 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its position in shares of Amalgamated Financial by 82.6% during the third quarter. Point72 Asset Management L.P. now owns 21,327 shares of the company's stock valued at $669,000 after buying an additional 9,647 shares during the last quarter. 75.93% of the stock is currently owned by institutional investors.

Insider Activity

In other Amalgamated Financial news, major shareholder States Regional Joint Western sold 175,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $37.24, for a total value of $6,517,000.00. Following 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder United Workers sold 55,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $37.23, for a total value of $2,047,650.00. Following the transaction, the insider now directly owns 7,379,084 shares in the company, valued at $274,723,297.32. The trade was a 0.74 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 591,849 shares of company stock valued at $21,099,252. 0.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AMAL has been the subject of several research analyst reports. Keefe, Bruyette & Woods raised their target price on shares of Amalgamated Financial from $41.00 to $45.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. Piper Sandler increased their price target on shares of Amalgamated Financial from $39.00 to $42.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th.

Amalgamated Financial Trading Up 0.6 %

AMAL traded up $0.21 during trading on Monday, reaching $33.85. The company had a trading volume of 117,190 shares, compared to its average volume of 153,525. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.10. The business has a 50 day simple moving average of $35.05 and a 200-day simple moving average of $31.47. The stock has a market cap of $1.04 billion, a P/E ratio of 9.96 and a beta of 0.91. Amalgamated Financial Corp. has a 52 week low of $21.33 and a 52 week high of $38.19.

Amalgamated Financial (NASDAQ:AMAL - Get Free Report) last released its earnings results on Thursday, October 24th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.08. Amalgamated Financial had a net margin of 24.19% and a return on equity of 16.00%. The firm had revenue of $111.76 million during the quarter, compared to analyst estimates of $79.50 million. During the same quarter last year, the business earned $0.76 EPS. On average, equities analysts anticipate that Amalgamated Financial Corp. will post 3.46 EPS for the current fiscal year.

Amalgamated Financial Dividend Announcement

The firm also recently announced 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 of this dividend was Tuesday, November 5th. This represents a $0.48 annualized dividend and a dividend yield of 1.42%. Amalgamated Financial's dividend payout ratio (DPR) is presently 14.12%.

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.