Tyrone Graham Sells 3,317 Shares of Amalgamated Financial Corp. (NASDAQ:AMAL) Stock

Amalgamated Financial Corp. (NASDAQ:AMAL) EVP Tyrone Graham sold 3,317 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $30.50, for a total value of $101,168.50. Following the completion of the sale, the executive vice president now owns 11,449 shares of the company’s stock, valued at approximately $349,194.50. The trade was a 22.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Tyrone Graham also recently made the following trade(s):

• On Friday, March 7th, Tyrone Graham sold 869 shares of Amalgamated Financial stock. The shares were sold at an average price of $29.73, for a total value of $25,835.37.

Amalgamated Financial Stock Performance

Shares of Amalgamated Financial stock opened at $29.49 on Friday. Amalgamated Financial Corp. has a 52 week low of $21.33 and a 52 week high of $38.19. The business’s fifty day simple moving average is $34.06 and its 200-day simple moving average is $33.69. The firm has a market cap of $904.43 million, a PE ratio of 8.55 and a beta of 0.93. 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) last posted its earnings results on Thursday, January 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping 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%. Equities analysts forecast that Amalgamated Financial Corp. will post 3.65 earnings per share for the current year.

Amalgamated Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Tuesday, February 11th were paid a dividend of $0.14 per share. This is a positive change from Amalgamated Financial’s previous quarterly dividend of $0.12. The ex-dividend date was Tuesday, February 11th. This represents a $0.56 annualized dividend and a yield of 1.90%. Amalgamated Financial’s dividend payout ratio is presently 16.23%.

Institutional Investors Weigh In On Amalgamated Financial

Hedge funds have recently bought and sold shares of the stock. USA Financial Formulas purchased a new position in shares of Amalgamated Financial in the 4th quarter valued at approximately $34,000. R Squared Ltd purchased a new position in shares of Amalgamated Financial in the 4th quarter valued at approximately $38,000. Park Square Financial Group LLC purchased a new position in shares of Amalgamated Financial in the 4th quarter valued at approximately $41,000. New York State Teachers Retirement System purchased a new position in shares of Amalgamated Financial in the 4th quarter valued at approximately $55,000. Finally, US Bancorp DE grew its stake 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 valued at $73,000 after purchasing an additional 512 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on AMAL. Keefe, Bruyette & Woods upped their price target on Amalgamated Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. Piper Sandler lowered Amalgamated Financial from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $42.00 to $38.00 in a research note on Friday, February 21st.

About Amalgamated Financial

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.