Amalgamated Financial Corp. (NASDAQ:AMAL) Shares Sold by Clean Yield Group

Clean Yield Group decreased its stake in shares of Amalgamated Financial Corp. (NASDAQ:AMAL) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,365 shares of the company’s stock after selling 4,754 shares during the quarter. Amalgamated Financial comprises 1.3% of Clean Yield Group’s holdings, making the stock its 24th biggest position. Clean Yield Group owned approximately 0.39% of Amalgamated Financial worth $3,995,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rhumbline Advisers lifted its holdings in shares of Amalgamated Financial by 1.3% during the second quarter. Rhumbline Advisers now owns 29,996 shares of the company’s stock worth $822,000 after purchasing an additional 393 shares during the period. US Bancorp DE lifted its stake 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 acquiring an additional 512 shares during the period. DekaBank Deutsche Girozentrale lifted its stake in Amalgamated Financial by 12.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 4,816 shares of the company’s stock valued at $126,000 after acquiring an additional 528 shares during the period. Quest Partners LLC boosted its holdings in shares of Amalgamated Financial by 6.9% in the 2nd quarter. Quest Partners LLC now owns 10,028 shares of the company’s stock valued at $275,000 after acquiring an additional 646 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Amalgamated Financial by 74.9% in the third quarter. CWM LLC now owns 2,414 shares of the company’s stock worth $76,000 after acquiring an additional 1,034 shares during the period. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Wall Street Analyst Weigh In

AMAL has been the topic of several recent research reports. Piper Sandler upped 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. Keefe, Bruyette & Woods boosted their price target on Amalgamated Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th.

Amalgamated Financial Price Performance

NASDAQ AMAL traded up $0.07 during mid-day trading on Monday, hitting $32.53. The stock had a trading volume of 63,008 shares, compared to its average volume of 128,943. The stock has a market capitalization of $997.66 million, a price-to-earnings ratio of 9.57 and a beta of 0.93. Amalgamated Financial Corp. has a twelve month low of $21.33 and a twelve month high of $38.19. The firm’s 50 day moving average is $34.91 and its 200 day moving average is $32.31. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.63 and a quick ratio of 0.63.

Amalgamated Financial (NASDAQ:AMAL) last posted its earnings results on Thursday, October 24th. The company reported $0.91 earnings per share for the quarter, beating 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 company had revenue of $111.76 million for the quarter, compared to analyst estimates of $79.50 million. During the same period in the previous year, the business posted $0.76 EPS. Equities research analysts forecast that Amalgamated Financial Corp. will post 3.46 earnings per share for the current fiscal year.

Amalgamated Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Tuesday, November 5th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.48%. The ex-dividend date was Tuesday, November 5th. Amalgamated Financial’s payout ratio is 14.12%.

Insider Activity at Amalgamated Financial

In other news, major shareholder States Regional Joint Western sold 63,004 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $32.81, for a total transaction of $2,067,161.24. Following the completion of the transaction, the insider now directly owns 423,022 shares of the company’s stock, valued at approximately $13,879,351.82. The trade was a 12.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder United Workers sold 55,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $37.23, for a total transaction of $2,047,650.00. Following the completion of the sale, the insider now directly owns 7,379,084 shares in the company, valued at approximately $274,723,297.32. This represents a 0.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 591,849 shares of company stock worth $21,099,252 in the last three months. 0.90% of the stock is owned by company 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.