Amalgamated Financial Corp. (NASDAQ:AMAL) Holdings Decreased by Arjuna Capital

Arjuna Capital decreased its holdings in shares of Amalgamated Financial Corp. (NASDAQ:AMAL) by 4.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 169,218 shares of the company’s stock after selling 6,962 shares during the quarter. Amalgamated Financial accounts for approximately 1.4% of Arjuna Capital’s holdings, making the stock its 22nd biggest position. Arjuna Capital owned approximately 0.55% of Amalgamated Financial worth $5,308,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC grew its holdings in shares of Amalgamated Financial by 679.7% during the second quarter. CWM LLC now owns 1,380 shares of the company’s stock valued at $38,000 after buying an additional 1,203 shares in the last quarter. US Bancorp DE grew its holdings in shares of Amalgamated Financial by 28.4% during the third quarter. US Bancorp DE now owns 2,312 shares of the company’s stock valued at $73,000 after buying an additional 512 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Amalgamated Financial during the first quarter valued at $126,000. DekaBank Deutsche Girozentrale grew its stake in Amalgamated Financial by 12.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,816 shares of the company’s stock valued at $126,000 after purchasing an additional 528 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in Amalgamated Financial in the second quarter valued at about $213,000. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Insiders Place Their Bets

In other Amalgamated Financial news, major shareholder Regional Joint Board Rochester sold 55,875 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $34.32, for a total value of $1,917,630.00. Following the completion of the sale, the insider now owns 355,893 shares of the company’s stock, valued at $12,214,247.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder Regional Joint Board Rochester sold 55,875 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $34.32, for a total transaction of $1,917,630.00. Following the completion of the transaction, the insider now owns 355,893 shares of the company’s stock, valued at approximately $12,214,247.76. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder States Regional Joint Western sold 175,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $37.24, for a total value of $6,517,000.00. Following the transaction, the insider now directly owns 7,558,575 shares of the company’s stock, valued at $281,481,333. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 501,428 shares of company stock valued at $17,113,663 over the last quarter. Insiders own 0.90% of the company’s stock.

Amalgamated Financial Stock Up 1.4 %

NASDAQ AMAL traded up $0.52 on Wednesday, reaching $37.21. The stock had a trading volume of 67,983 shares, compared to its average volume of 149,547. The business has a 50 day moving average price of $32.60 and a 200 day moving average price of $29.38. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.10. Amalgamated Financial Corp. has a 1 year low of $20.05 and a 1 year high of $38.19. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 10.79 and a beta of 0.91.

Amalgamated Financial (NASDAQ:AMAL) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. Amalgamated Financial had a return on equity of 16.00% and a net margin of 24.19%. The company had revenue of $111.76 million during the quarter, compared to analysts’ expectations of $79.50 million. During the same quarter in the previous year, the firm earned $0.76 earnings per share. On average, analysts forecast that Amalgamated Financial Corp. will post 3.46 EPS for the current fiscal year.

Amalgamated Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th will be given a $0.12 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.29%. Amalgamated Financial’s dividend payout ratio is currently 14.12%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods restated an “outperform” rating and issued a $35.00 target price (up previously from $30.00) on shares of Amalgamated Financial in a research note on Monday, July 29th.

Amalgamated Financial Company Profile

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.