29,200 Shares in Amalgamated Financial Corp. $AMAL Bought by Versor Investments LP

Versor Investments LP acquired a new position in shares of Amalgamated Financial Corp. (NASDAQ:AMAL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 29,200 shares of the company’s stock, valued at approximately $935,000.

A number of other institutional investors have also made changes to their positions in AMAL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Amalgamated Financial by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,654 shares of the company’s stock worth $306,000 after purchasing an additional 468 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Amalgamated Financial by 17.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 65,110 shares of the company’s stock worth $1,872,000 after purchasing an additional 9,500 shares during the period. Jane Street Group LLC grew its stake in shares of Amalgamated Financial by 373.1% during the first quarter. Jane Street Group LLC now owns 44,284 shares of the company’s stock worth $1,273,000 after purchasing an additional 34,923 shares during the period. Legal & General Group Plc grew its stake in shares of Amalgamated Financial by 11.6% during the second quarter. Legal & General Group Plc now owns 21,476 shares of the company’s stock worth $670,000 after purchasing an additional 2,231 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of Amalgamated Financial by 27.9% during the second quarter. Rhumbline Advisers now owns 35,442 shares of the company’s stock worth $1,106,000 after purchasing an additional 7,741 shares during the period. 75.93% of the stock is owned by institutional investors and hedge funds.

Amalgamated Financial Stock Performance

AMAL stock opened at $40.90 on Wednesday. The business’s 50-day moving average price is $39.94 and its two-hundred day moving average price is $35.74. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.09. The firm has a market cap of $1.22 billion, a PE ratio of 11.89 and a beta of 0.81. Amalgamated Financial Corp. has a 1-year low of $25.13 and a 1-year high of $44.01.

Amalgamated Financial (NASDAQ:AMAL) last posted its earnings results on Thursday, April 23rd. The company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.15). The business had revenue of $91.36 million for the quarter, compared to the consensus estimate of $91.16 million. Amalgamated Financial had a return on equity of 13.89% and a net margin of 22.33%. As a group, research analysts forecast that Amalgamated Financial Corp. will post 3.92 earnings per share for the current year.

Amalgamated Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Tuesday, May 5th will be issued a dividend of $0.17 per share. The ex-dividend date is Tuesday, May 5th. This represents a $0.68 annualized dividend and a yield of 1.7%. Amalgamated Financial’s payout ratio is currently 19.77%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AMAL. Weiss Ratings raised Amalgamated Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Zacks Research cut Amalgamated Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st. Finally, Piper Sandler lifted their price objective on Amalgamated Financial from $41.00 to $44.00 and gave the stock a “neutral” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $44.00.

Insider Activity

In other Amalgamated Financial news, EVP Sean Searby sold 4,948 shares of Amalgamated Financial stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $39.42, for a total transaction of $195,050.16. Following the transaction, the executive vice president directly owned 23,055 shares in the company, valued at approximately $908,828.10. The trade was a 17.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Tyrone Graham sold 2,285 shares of Amalgamated Financial stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $39.91, for a total value of $91,194.35. Following the transaction, the executive vice president owned 13,443 shares in the company, valued at approximately $536,510.13. This represents a 14.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 8,482 shares of company stock worth $335,658. Corporate insiders own 1.63% of the company’s stock.

Amalgamated Financial Profile

Amalgamated Financial Corp. (NASDAQ: AMAL) is the bank holding company for Amalgamated Bank, a fully insured commercial bank with a historic mission of serving labor unions, progressive non-profits and mission-driven organizations. Founded in 1923 by the Amalgamated Clothing Workers of America, Amalgamated Bank has grown into a national institution offering a broad suite of banking services, including deposit accounts, commercial and consumer lending, cash management, and treasury solutions tailored to organizations with social responsibility or union affiliations.

In addition to core banking, Amalgamated Financial provides wealth management and trust services, retirement plan consulting and impact investing strategies.