Arjuna Capital Acquires 6,343 Shares of Amalgamated Financial Corp. (NASDAQ:AMAL)

Arjuna Capital boosted its position in Amalgamated Financial Corp. (NASDAQ:AMALFree Report) by 4.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 157,546 shares of the company’s stock after acquiring an additional 6,343 shares during the quarter. Arjuna Capital owned 0.52% of Amalgamated Financial worth $2,713,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in AMAL. Tower Research Capital LLC TRC grew its stake in shares of Amalgamated Financial by 96.4% during the third quarter. Tower Research Capital LLC TRC now owns 1,100 shares of the company’s stock valued at $25,000 after buying an additional 540 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Amalgamated Financial by 1,240.7% during the second quarter. Quadrant Capital Group LLC now owns 2,896 shares of the company’s stock valued at $47,000 after buying an additional 2,680 shares during the last quarter. Amalgamated Bank grew its stake in shares of Amalgamated Financial by 31.6% during the fourth quarter. Amalgamated Bank now owns 2,322 shares of the company’s stock valued at $53,000 after buying an additional 557 shares during the last quarter. Citigroup Inc. grew its stake in shares of Amalgamated Financial by 174.4% during the first quarter. Citigroup Inc. now owns 3,501 shares of the company’s stock valued at $62,000 after buying an additional 2,225 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Amalgamated Financial by 77.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 5,975 shares of the company’s stock valued at $96,000 after buying an additional 2,612 shares during the last quarter. Institutional investors own 52.14% of the company’s stock.

Insiders Place Their Bets

In other Amalgamated Financial news, CFO Jason Darby sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $25.59, for a total value of $102,360.00. Following the completion of the sale, the chief financial officer now directly owns 34,903 shares in the company, valued at $893,167.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Financial Corp. Amalgamated acquired 68,487 shares of the stock in a transaction on Tuesday, November 21st. The stock was acquired at an average cost of $21.14 per share, for a total transaction of $1,447,815.18. Following the completion of the acquisition, the insider now directly owns 8,013,682 shares of the company’s stock, valued at approximately $169,409,237.48. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jason Darby sold 4,000 shares of Amalgamated Financial stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $25.59, for a total transaction of $102,360.00. Following the transaction, the chief financial officer now owns 34,903 shares of the company’s stock, valued at $893,167.77. The disclosure for this sale can be found here. Insiders sold 17,192 shares of company stock worth $430,766 over the last three months. Company insiders own 1.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AMAL shares. JPMorgan Chase & Co. raised Amalgamated Financial from a “neutral” rating to an “overweight” rating and set a $29.00 price objective on the stock in a research note on Tuesday, December 12th. Keefe, Bruyette & Woods raised their target price on Amalgamated Financial from $24.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, December 1st.

Read Our Latest Analysis on AMAL

Amalgamated Financial Trading Up 1.2 %

Shares of NASDAQ AMAL traded up $0.29 during trading hours on Monday, hitting $24.20. The company’s stock had a trading volume of 14,049 shares, compared to its average volume of 133,805. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market cap of $735.53 million, a price-to-earnings ratio of 8.44 and a beta of 0.97. Amalgamated Financial Corp. has a 12 month low of $14.05 and a 12 month high of $27.77. The business has a 50-day simple moving average of $25.60 and a 200-day simple moving average of $20.93.

Amalgamated Financial (NASDAQ:AMALGet Free Report) last posted its earnings results on Thursday, January 25th. The company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.01). The business had revenue of $105.39 million during the quarter, compared to the consensus estimate of $71.59 million. Amalgamated Financial had a return on equity of 17.02% and a net margin of 22.71%. During the same period in the previous year, the business earned $0.83 earnings per share. On average, analysts anticipate that Amalgamated Financial Corp. will post 3.11 earnings per share for the current fiscal year.

Amalgamated Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Tuesday, February 6th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, February 5th. This represents a $0.40 annualized dividend and a yield of 1.65%. Amalgamated Financial’s dividend payout ratio (DPR) is presently 13.99%.

Amalgamated Financial Company Profile

(Free Report)

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

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