20,580 Shares in Amalgamated Financial Corp. $AMAL Acquired by Quent Capital LLC

Quent Capital LLC acquired a new position in shares of Amalgamated Financial Corp. (NASDAQ:AMALFree Report) during the 4th quarter, Holdings Channel.com reports. The firm acquired 20,580 shares of the company’s stock, valued at approximately $659,000.

Other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue purchased a new position in Amalgamated Financial during the 3rd quarter worth $33,000. Osaic Holdings Inc. increased its holdings in Amalgamated Financial by 56.7% during the 2nd quarter. Osaic Holdings Inc. now owns 1,080 shares of the company’s stock worth $34,000 after purchasing an additional 391 shares during the period. CWM LLC increased its holdings in Amalgamated Financial by 41.2% during the 4th quarter. CWM LLC now owns 1,880 shares of the company’s stock worth $60,000 after purchasing an additional 549 shares during the period. Tower Research Capital LLC TRC increased its holdings in Amalgamated Financial by 140.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,014 shares of the company’s stock worth $63,000 after purchasing an additional 1,177 shares during the period. Finally, Quadrant Capital Group LLC purchased a new position in Amalgamated Financial during the 3rd quarter worth $77,000. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Amalgamated Financial

Here are the key news stories impacting Amalgamated Financial this week:

Insiders Place Their Bets

In other Amalgamated Financial news, EVP Tyrone Graham sold 2,285 shares of Amalgamated Financial stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $39.91, for a total transaction of $91,194.35. Following the completion of the sale, the executive vice president owned 13,443 shares of the company’s stock, valued at approximately $536,510.13. The trade was a 14.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Sean Searby sold 748 shares of Amalgamated Financial stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $40.02, for a total value of $29,934.96. Following the sale, the executive vice president directly owned 22,307 shares of the company’s stock, valued at approximately $892,726.14. This represents a 3.24% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 8,482 shares of company stock valued at $335,658 in the last three months. Insiders own 1.63% of the company’s stock.

Amalgamated Financial Price Performance

Amalgamated Financial stock opened at $40.49 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 11.77 and a beta of 0.82. Amalgamated Financial Corp. has a 1-year low of $25.13 and a 1-year high of $44.01. The business has a fifty day moving average price of $39.66 and a 200-day moving average price of $34.70.

Amalgamated Financial (NASDAQ:AMALGet Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.15). The business had revenue of $91.36 million during the quarter, compared to analyst estimates of $91.16 million. Amalgamated Financial had a return on equity of 14.04% and a net margin of 22.33%. Equities research analysts forecast that Amalgamated Financial Corp. will post 4.06 EPS for the current fiscal year.

Amalgamated Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 21st. Stockholders of record on Tuesday, May 5th will be given a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, May 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.7%. Amalgamated Financial’s dividend payout ratio (DPR) is presently 19.77%.

Analyst Upgrades and Downgrades

Several research firms have commented on AMAL. Weiss Ratings upgraded Amalgamated Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 26th. Piper Sandler began coverage on Amalgamated Financial in a report on Monday, March 16th. They set a “neutral” rating and a $41.00 price objective on the stock. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.00.

Read Our Latest Stock Report on AMAL

About Amalgamated Financial

(Free Report)

Amalgamated Financial Corp. (NASDAQ: AMAL) is the bank holding company for Amalgamated Bank, a fully insured commercial bank with a historic mission of serving labor unions, progressive non-profits and mission-driven organizations. Founded in 1923 by the Amalgamated Clothing Workers of America, Amalgamated Bank has grown into a national institution offering a broad suite of banking services, including deposit accounts, commercial and consumer lending, cash management, and treasury solutions tailored to organizations with social responsibility or union affiliations.

In addition to core banking, Amalgamated Financial provides wealth management and trust services, retirement plan consulting and impact investing strategies.

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Want to see what other hedge funds are holding AMAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amalgamated Financial Corp. (NASDAQ:AMALFree Report).

Institutional Ownership by Quarter for Amalgamated Financial (NASDAQ:AMAL)

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