EntryPoint Capital LLC Sells 1,842 Shares of Amalgamated Financial Corp. (NASDAQ:AMAL)

EntryPoint Capital LLC decreased its stake in shares of Amalgamated Financial Corp. (NASDAQ:AMAL) by 21.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 6,765 shares of the company’s stock after selling 1,842 shares during the quarter. EntryPoint Capital LLC’s holdings in Amalgamated Financial were worth $226,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. USA Financial Formulas acquired a new stake in Amalgamated Financial during the fourth quarter worth $34,000. R Squared Ltd acquired a new stake in shares of Amalgamated Financial during the 4th quarter valued at about $38,000. New York State Teachers Retirement System bought a new stake in Amalgamated Financial in the fourth quarter valued at about $55,000. KLP Kapitalforvaltning AS acquired a new position in Amalgamated Financial in the fourth quarter worth about $90,000. Finally, US Bancorp DE lifted its stake in Amalgamated Financial by 28.1% during the fourth quarter. US Bancorp DE now owns 2,962 shares of the company’s stock worth $99,000 after purchasing an additional 650 shares during the period. Institutional investors and hedge funds own 75.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on AMAL shares. Keefe, Bruyette & Woods upped their price objective 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 cut Amalgamated Financial from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $42.00 to $38.00 in a research report on Friday, February 21st.

Insider Buying and Selling

In other Amalgamated Financial news, Director Maryann Bruce sold 4,403 shares of the business’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $33.77, for a total value of $148,689.31. Following the completion of the transaction, the director now directly owns 18,319 shares of the company’s stock, valued at approximately $618,632.63. The trade was a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder States Regional Joint Western sold 18,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $34.27, for a total transaction of $616,860.00. Following the completion of the sale, the insider now directly owns 7,167,816 shares of the company’s stock, valued at approximately $245,641,054.32. This represents a 0.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,916 shares of company stock worth $1,035,526 in the last 90 days. Corporate insiders own 0.90% of the company’s stock.

Amalgamated Financial Price Performance

NASDAQ:AMAL opened at $28.70 on Friday. The firm has a market cap of $880.72 million, a PE ratio of 8.32 and a beta of 0.93. The company’s 50-day moving average price is $32.68 and its two-hundred day moving average price is $33.42. 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 Corp. has a 12 month low of $21.33 and a 12 month high of $38.19.

Amalgamated Financial (NASDAQ:AMAL) last announced its earnings results on Thursday, January 23rd. The company reported $0.90 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%. On average, equities analysts anticipate that Amalgamated Financial Corp. will post 3.65 EPS for the current fiscal year.

Amalgamated Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th were paid a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This is a positive change from Amalgamated Financial’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.95%. Amalgamated Financial’s dividend payout ratio (DPR) is 16.23%.

Amalgamated Financial announced that its Board of Directors has approved a share buyback program on Monday, March 10th that permits the company to repurchase $40.00 million in shares. This repurchase authorization permits the company to repurchase up to 4.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.