Amalgamated Financial Corp. (NASDAQ:AMAL - Get Free Report) CFO Jason Darby sold 4,000 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.59, for a total value of $146,360.00. Following the sale, the chief financial officer now owns 50,208 shares in the company, valued at approximately $1,837,110.72. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Amalgamated Financial Stock Performance
NASDAQ:AMAL opened at $36.67 on Thursday. Amalgamated Financial Corp. has a fifty-two week low of $20.05 and a fifty-two week high of $38.19. The firm's 50 day moving average is $32.69 and its two-hundred day moving average is $29.43. The company has a market cap of $1.12 billion, a P/E ratio of 10.79 and a beta of 0.91. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.10.
Amalgamated Financial (NASDAQ:AMAL - Get Free Report) last issued its earnings results on Thursday, October 24th. The company reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.08. The firm had revenue of $111.76 million for the quarter, compared to analysts' expectations of $79.50 million. Amalgamated Financial had a return on equity of 16.00% and a net margin of 24.19%. During the same quarter last year, the firm earned $0.76 earnings per share. Analysts expect that Amalgamated Financial Corp. will post 3.46 EPS for the current year.
Amalgamated Financial Dividend Announcement
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The business also recently announced a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 5th will be issued a dividend of $0.12 per share. 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 payout ratio is currently 14.12%.
Analyst Upgrades and Downgrades
Separately, Keefe, Bruyette & Woods reissued 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.
Check Out Our Latest Analysis on Amalgamated Financial
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. CWM LLC grew its stake in Amalgamated Financial by 679.7% during the 2nd quarter. CWM LLC now owns 1,380 shares of the company's stock valued at $38,000 after purchasing an additional 1,203 shares in the last quarter. US Bancorp DE increased its holdings in Amalgamated Financial by 28.4% in 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 during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Amalgamated Financial during the first quarter valued at approximately $126,000. DekaBank Deutsche Girozentrale increased its stake in Amalgamated Financial by 12.3% during 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 during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Amalgamated Financial in the 2nd quarter valued at about $213,000. 75.93% of the stock is owned by institutional investors and hedge funds.
Amalgamated Financial Company Profile
(
Get Free Report)
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.
Further Reading
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