Amalgamated Financial Corp. (NASDAQ:AMAL) CFO Jason Darby Sells 4,000 Shares

Amalgamated Financial Corp. (NASDAQ:AMAL) CFO Jason Darby sold 4,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,837,110.72. This represents a 7.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Amalgamated Financial Trading Down 0.6 %

AMAL stock opened at $36.46 on Friday. Amalgamated Financial Corp. has a 1-year low of $20.05 and a 1-year high of $38.19. 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 $1.12 billion, a price-to-earnings ratio of 10.72 and a beta of 0.91. The business has a 50 day simple moving average of $32.79 and a two-hundred day simple moving average of $29.48.

Amalgamated Financial (NASDAQ:AMAL) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.08. The business had revenue of $111.76 million during the quarter, compared to the consensus estimate of $79.50 million. Amalgamated Financial had a return on equity of 16.00% and a net margin of 24.19%. During the same period in the prior year, the company posted $0.76 EPS. Research analysts anticipate that Amalgamated Financial Corp. will post 3.46 EPS for the current fiscal year.

Amalgamated Financial Announces Dividend

The business also recently declared 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 yield of 1.32%. Amalgamated Financial’s payout ratio is presently 14.12%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $35.00 price objective (up from $30.00) on shares of Amalgamated Financial in a research note on Monday, July 29th.

Institutional Trading of Amalgamated Financial

Several hedge funds and other institutional investors have recently bought and sold shares of AMAL. CWM LLC grew its position in Amalgamated Financial by 679.7% in the 2nd quarter. CWM LLC now owns 1,380 shares of the company’s stock valued at $38,000 after acquiring an additional 1,203 shares during the last quarter. US Bancorp DE grew its position in 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 acquiring an additional 512 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Amalgamated Financial in the 1st quarter valued at $126,000. DekaBank Deutsche Girozentrale grew its position in Amalgamated Financial by 12.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 4,816 shares of the company’s stock valued at $126,000 after acquiring an additional 528 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new position in Amalgamated Financial in the 2nd quarter valued at $213,000. Hedge funds and other institutional investors own 75.93% of the company’s stock.

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.