Tyrone Graham Sells 869 Shares of Amalgamated Financial Corp. (NASDAQ:AMAL) Stock

Amalgamated Financial Corp. (NASDAQ:AMAL) EVP Tyrone Graham sold 869 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $29.73, for a total transaction of $25,835.37. Following the completion of the sale, the executive vice president now directly owns 10,580 shares in the company, valued at $314,543.40. This trade represents a 7.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Tyrone Graham also recently made the following trade(s):

• On Wednesday, March 5th, Tyrone Graham sold 3,317 shares of Amalgamated Financial stock. The shares were sold at an average price of $30.50, for a total transaction of $101,168.50.

Amalgamated Financial Trading Down 1.3 %

Shares of AMAL stock opened at $29.49 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a market capitalization of $904.43 million, a P/E ratio of 8.55 and a beta of 0.93. The company has a 50 day moving average price of $34.06 and a 200 day moving average price of $33.69. Amalgamated Financial Corp. has a fifty-two week low of $21.33 and a fifty-two week high of $38.19.

Amalgamated Financial (NASDAQ:AMAL) last announced its quarterly earnings data on Thursday, January 23rd. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. Amalgamated Financial had a net margin of 24.50% and a return on equity of 16.49%. Equities research analysts predict that Amalgamated Financial Corp. will post 3.65 EPS for the current fiscal year.

Amalgamated Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Shareholders of record on Tuesday, February 11th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.90%. The ex-dividend date was Tuesday, February 11th. This is a boost from Amalgamated Financial’s previous quarterly dividend of $0.12. Amalgamated Financial’s payout ratio is 16.23%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in Amalgamated Financial by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,219,094 shares of the company’s stock worth $40,803,000 after acquiring an additional 31,647 shares in the last quarter. State Street Corp grew its holdings in Amalgamated Financial by 4.9% during the 3rd quarter. State Street Corp now owns 704,868 shares of the company’s stock worth $22,112,000 after acquiring an additional 33,095 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Amalgamated Financial by 18.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 567,609 shares of the company’s stock worth $17,806,000 after acquiring an additional 89,444 shares in the last quarter. American Century Companies Inc. grew its holdings in Amalgamated Financial by 3.6% during the 4th quarter. American Century Companies Inc. now owns 502,848 shares of the company’s stock worth $16,830,000 after acquiring an additional 17,410 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Amalgamated Financial by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 480,846 shares of the company’s stock worth $16,098,000 after acquiring an additional 1,958 shares in the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AMAL. Piper Sandler cut shares of Amalgamated Financial from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $42.00 to $38.00 in a report on Friday, February 21st. Keefe, Bruyette & Woods lifted their price objective on shares of Amalgamated Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th.

About Amalgamated Financial

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.