Amalgamated Financial Corp. (NASDAQ:AMAL - Get Free Report) Director Maryann Bruce sold 4,403 shares of Amalgamated Financial stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $33.77, for a total transaction of $148,689.31. Following the sale, the director now directly owns 18,319 shares of the company's stock, valued at $618,632.63. This trade represents a 19.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
NASDAQ AMAL traded up $0.58 on Wednesday, reaching $34.60. The company had a trading volume of 218,394 shares, compared to its average volume of 183,850. Amalgamated Financial Corp. has a 52 week low of $21.33 and a 52 week high of $38.19. 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 stock has a market cap of $1.06 billion, a price-to-earnings ratio of 10.18 and a beta of 0.93. The stock's 50 day moving average is $34.77 and its 200-day moving average is $33.02.
Amalgamated Financial (NASDAQ:AMAL - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.87 by $0.03. Amalgamated Financial had a return on equity of 16.00% and a net margin of 24.19%. Equities analysts predict that Amalgamated Financial Corp. will post 3.46 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Tuesday, February 11th will be given a dividend of $0.14 per share. This is a positive change from Amalgamated Financial's previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 1.62%. The ex-dividend date is Tuesday, February 11th. Amalgamated Financial's dividend payout ratio is 14.12%.
A number of research analysts recently weighed in on AMAL shares. Keefe, Bruyette & Woods raised their price objective on 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 upped their target price on Amalgamated Financial from $39.00 to $42.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th.
View Our Latest Report on Amalgamated Financial
Hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its position in Amalgamated Financial by 3.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,157,594 shares of the company's stock worth $31,716,000 after acquiring an additional 43,213 shares during the period. Bank of Montreal Can acquired a new stake in shares of Amalgamated Financial during the 2nd quarter worth approximately $378,000. Algert Global LLC raised its position in shares of Amalgamated Financial by 3.2% during the second quarter. Algert Global LLC now owns 77,129 shares of the company's stock worth $2,113,000 after purchasing an additional 2,360 shares during the period. Creative Planning acquired a new position in Amalgamated Financial during the 2nd quarter valued at about $311,000. Finally, Point72 Asset Management L.P. raised its holdings in shares of Amalgamated Financial by 49.7% in the second quarter. Point72 Asset Management L.P. now owns 11,680 shares of the company's stock valued at $320,000 after purchasing an additional 3,880 shares during the last quarter. 75.93% of the stock is owned by institutional investors and hedge funds.
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.
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