Amalgamated Financial Corp. (NASDAQ:AMAL) Major Shareholder United Workers Sells 55,000 Shares of Stock

Amalgamated Financial Corp. (NASDAQ:AMAL) major shareholder United Workers sold 55,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $37.23, for a total transaction of $2,047,650.00. Following the completion of the sale, the insider now directly owns 7,379,084 shares in the company, valued at $274,723,297.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

United Workers also recently made the following trade(s):

• On Monday, November 11th, United Workers sold 33,647 shares of Amalgamated Financial stock. The stock was sold at an average price of $36.90, for a total transaction of $1,241,574.30.
• On Friday, November 8th, United Workers sold 31,844 shares of Amalgamated Financial stock. The shares were sold at an average price of $35.77, for a total value of $1,139,059.88.

Amalgamated Financial Stock Performance

Shares of AMAL opened at $36.67 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.63 and a current ratio of 0.63. Amalgamated Financial Corp. has a 1 year low of $20.05 and a 1 year high of $38.19. The firm has a fifty day moving average of $32.69 and a 200-day moving average of $29.43. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 10.79 and a beta of 0.91.

Amalgamated Financial (NASDAQ:AMAL) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.91 earnings per share (EPS) 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 business had revenue of $111.76 million during the quarter, compared to analyst estimates of $79.50 million. During the same period in the prior year, the company posted $0.76 EPS. As a group, equities analysts anticipate that Amalgamated Financial Corp. will post 3.46 earnings per share for the current year.

Amalgamated Financial Dividend Announcement

The company 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 $0.12 dividend. The ex-dividend date of this dividend is Tuesday, November 5th. This represents a $0.48 annualized dividend and a dividend yield of 1.31%. Amalgamated Financial’s dividend payout ratio (DPR) is 14.12%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Amalgamated Financial

A number of institutional investors and hedge funds have recently bought and sold shares of AMAL. Charles Schwab Investment Management Inc. grew its position in Amalgamated Financial by 219.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 162,047 shares of the company’s stock worth $5,083,000 after buying an additional 111,357 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Amalgamated Financial by 17.4% in the 2nd quarter. American Century Companies Inc. now owns 428,745 shares of the company’s stock worth $11,748,000 after acquiring an additional 63,561 shares during the last quarter. Seizert Capital Partners LLC acquired a new stake in shares of Amalgamated Financial during the third quarter worth $1,781,000. Segall Bryant & Hamill LLC acquired a new position in shares of Amalgamated Financial in the 3rd quarter valued at $1,612,000. Finally, LSV Asset Management purchased a new position in shares of Amalgamated Financial in the second quarter worth approximately $1,378,000. 75.93% of the stock is owned by institutional investors and hedge funds.

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.