Susquehanna International Group LLP Sells 15,836 Shares of Amalgamated Financial Corp. $AMAL

Susquehanna International Group LLP trimmed its position in shares of Amalgamated Financial Corp. (NASDAQ:AMAL) by 72.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,055 shares of the company’s stock after selling 15,836 shares during the quarter. Susquehanna International Group LLP’s holdings in Amalgamated Financial were worth $278,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AMAL. BlackRock Inc. purchased a new stake in shares of Amalgamated Financial during the second quarter valued at approximately $156,331,000. Vanguard Group Inc. lifted its position in Amalgamated Financial by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 1,434,372 shares of the company’s stock valued at $45,943,000 after acquiring an additional 49,037 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Amalgamated Financial by 4.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,407,173 shares of the company’s stock valued at $38,205,000 after acquiring an additional 54,885 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in Amalgamated Financial by 14.5% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 953,859 shares of the company’s stock valued at $30,552,000 after purchasing an additional 120,483 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in Amalgamated Financial by 63.7% during the 3rd quarter. Millennium Management LLC now owns 522,598 shares of the company’s stock valued at $14,189,000 after purchasing an additional 203,440 shares during the last quarter. 75.93% of the stock is currently owned by institutional investors.

Amalgamated Financial Trading Down 1.5%

Shares of AMAL stock opened at $47.34 on Wednesday. Amalgamated Financial Corp. has a 12-month low of $25.13 and a 12-month high of $51.59. The company has a current ratio of 0.64, a quick ratio of 0.63 and a debt-to-equity ratio of 0.08. The firm’s 50 day moving average is $48.22 and its 200 day moving average is $43.36. The stock has a market capitalization of $1.42 billion, a P/E ratio of 12.62 and a beta of 0.79.

Amalgamated Financial (NASDAQ:AMAL) last posted its earnings results on Thursday, July 23rd. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.10. The business had revenue of $96.10 million during the quarter, compared to the consensus estimate of $92.09 million. Amalgamated Financial had a net margin of 23.34% and a return on equity of 14.30%. Research analysts expect that Amalgamated Financial Corp. will post 4.06 earnings per share for the current year.

Amalgamated Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Tuesday, August 4th were issued a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $0.68 annualized dividend and a dividend yield of 1.4%. Amalgamated Financial’s payout ratio is presently 18.13%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Piper Sandler lifted their target price on Amalgamated Financial from $48.00 to $53.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Weiss Ratings raised Amalgamated Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 5th. Keefe, Bruyette & Woods increased their price objective on Amalgamated Financial from $53.00 to $54.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Finally, Zacks Research upgraded Amalgamated Financial from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Amalgamated Financial presently has an average rating of “Moderate Buy” and a consensus price target of $53.50.

Insider Buying and Selling

In related news, CFO Jason Darby sold 3,000 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $43.30, for a total transaction of $129,900.00. Following the completion of the sale, the chief financial officer owned 79,343 shares in the company, valued at approximately $3,435,551.90. This represents a 3.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Maryann Bruce sold 2,138 shares of the stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $49.55, for a total value of $105,937.90. Following the completion of the transaction, the director directly owned 17,804 shares in the company, valued at approximately $882,188.20. This represents a 10.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 9,727 shares of company stock valued at $431,077 over the last 90 days. Company insiders own 1.63% of the company’s stock.

Amalgamated Financial Profile

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.