Jason Darby Sells 4,000 Shares of Amalgamated Financial Corp. (NASDAQ:AMAL) Stock

Amalgamated Financial Corp. (NASDAQ:AMAL) CFO Jason Darby sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $36.59, for a total value of $146,360.00. Following the completion of the sale, the chief financial officer now owns 50,208 shares in the company, valued at approximately $1,837,110.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Amalgamated Financial Trading Down 0.1 %

NASDAQ:AMAL traded down $0.02 on Wednesday, reaching $36.67. The stock had a trading volume of 286,836 shares, compared to its average volume of 150,604. Amalgamated Financial Corp. has a 12-month low of $20.05 and a 12-month high of $38.19. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 10.89 and a beta of 0.91. The firm’s fifty day moving average is $32.60 and its two-hundred day moving average is $29.38. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.63 and a quick ratio of 0.63.

Amalgamated Financial (NASDAQ:AMAL) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.08. Amalgamated Financial had a net margin of 24.19% and a return on equity of 16.00%. The business had revenue of $111.76 million for the quarter, compared to the consensus estimate of $79.50 million. During the same quarter in the prior year, the firm posted $0.76 earnings per share. Equities analysts expect that Amalgamated Financial Corp. will post 3.46 EPS for the current fiscal year.

Amalgamated Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Tuesday, November 5th. Amalgamated Financial’s dividend payout ratio (DPR) is 14.12%.

Hedge Funds Weigh In On Amalgamated Financial

Several institutional investors have recently added to or reduced their stakes in AMAL. CWM LLC boosted its stake in Amalgamated Financial by 679.7% in the 2nd quarter. CWM LLC now owns 1,380 shares of the company’s stock worth $38,000 after buying an additional 1,203 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Amalgamated Financial by 28.4% during the 3rd quarter. US Bancorp DE now owns 2,312 shares of the company’s stock worth $73,000 after acquiring an additional 512 shares during the period. DekaBank Deutsche Girozentrale boosted its position in shares of Amalgamated Financial by 12.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,816 shares of the company’s stock worth $126,000 after acquiring an additional 528 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Amalgamated Financial in the first quarter valued at approximately $126,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Amalgamated Financial in the third quarter valued at approximately $214,000. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $35.00 target price (up from $30.00) on shares of Amalgamated Financial in a research report 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.