Amalgamated Financial Corp. (NASDAQ:AMAL - Get Free Report) EVP Tyrone Graham sold 869 shares of the stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $29.73, for a total value of $25,835.37. Following the transaction, the executive vice president now directly owns 10,580 shares in the company, valued at approximately $314,543.40. This represents a 7.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Tyrone Graham also recently made the following trade(s):
- On Wednesday, March 5th, Tyrone Graham sold 3,317 shares of Amalgamated Financial stock. The stock was sold at an average price of $30.50, for a total value of $101,168.50.
Amalgamated Financial Stock Down 1.3 %
Shares of Amalgamated Financial stock opened at $29.49 on Friday. The business's fifty day moving average price is $34.14 and its two-hundred day moving average price is $33.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $904.43 million, a P/E ratio of 8.55 and a beta of 0.93. Amalgamated Financial Corp. has a 1-year low of $21.33 and a 1-year high of $38.19.
Amalgamated Financial (NASDAQ:AMAL - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.03. Amalgamated Financial had a return on equity of 16.49% and a net margin of 24.50%. As a group, research analysts forecast that Amalgamated Financial Corp. will post 3.65 EPS for the current year.
Amalgamated Financial Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This is a boost from Amalgamated Financial's previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 1.90%. Amalgamated Financial's dividend payout ratio (DPR) is 16.23%.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on AMAL. Piper Sandler downgraded Amalgamated Financial from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $42.00 to $38.00 in a report on Friday, February 21st. Keefe, Bruyette & Woods lifted their target price on Amalgamated Financial from $41.00 to $45.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th.
Read Our Latest Stock Analysis on Amalgamated Financial
Hedge Funds Weigh In On Amalgamated Financial
Several hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Amalgamated Financial by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,186 shares of the company's stock valued at $341,000 after purchasing an additional 372 shares during the period. US Bancorp DE grew its holdings in shares of Amalgamated Financial by 28.4% in 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 last quarter. Sterling Capital Management LLC grew its holdings in shares of Amalgamated Financial by 4.0% in the 4th quarter. Sterling Capital Management LLC now owns 13,175 shares of the company's stock worth $441,000 after acquiring an additional 512 shares during the last quarter. Corton Capital Inc. grew its holdings in shares of Amalgamated Financial by 12.3% in the 4th quarter. Corton Capital Inc. now owns 7,596 shares of the company's stock worth $254,000 after acquiring an additional 831 shares during the last quarter. Finally, Aquatic Capital Management LLC grew its holdings in shares of Amalgamated Financial by 8.5% in the 4th quarter. Aquatic Capital Management LLC now owns 11,282 shares of the company's stock worth $378,000 after acquiring an additional 882 shares during the last quarter. 75.93% of the stock is currently 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.
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