Sean Searby Sells 8,000 Shares of Amalgamated Financial Corp. (NASDAQ:AMAL) Stock

Amalgamated Financial Corp. (NASDAQ:AMAL) EVP Sean Searby sold 8,000 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $34.14, for a total value of $273,120.00. Following the completion of the sale, the executive vice president now owns 15,802 shares of the company’s stock, valued at $539,480.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Amalgamated Financial Stock Down 1.0 %

Amalgamated Financial stock opened at $32.84 on Friday. Amalgamated Financial Corp. has a twelve month low of $18.17 and a twelve month high of $35.30. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a market cap of $1.01 billion, a PE ratio of 9.66 and a beta of 0.92. The firm’s 50 day moving average price is $32.17 and its two-hundred day moving average price is $28.60.

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 analysts’ consensus estimates of $0.83 by $0.08. Amalgamated Financial had a net margin of 24.19% and a return on equity of 16.53%. The business had revenue of $111.76 million for the quarter, compared to the consensus estimate of $79.50 million. During the same period in the prior year, the business posted $0.76 earnings per share. On average, research analysts predict that Amalgamated Financial Corp. will post 3.46 EPS for the current fiscal year.

Amalgamated Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, November 5th. This represents a $0.48 annualized dividend and a dividend yield of 1.46%. Amalgamated Financial’s dividend payout ratio is 14.12%.

Institutional Investors Weigh In On Amalgamated Financial

Several large investors have recently made changes to their positions in AMAL. CWM LLC raised its position in Amalgamated Financial by 679.7% during the second quarter. CWM LLC now owns 1,380 shares of the company’s stock valued at $38,000 after acquiring an additional 1,203 shares in the last quarter. US Bancorp DE raised its holdings in shares of Amalgamated Financial by 28.4% during 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 in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Amalgamated Financial in the 1st quarter valued at $126,000. DekaBank Deutsche Girozentrale boosted its holdings in Amalgamated Financial by 12.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,816 shares of the company’s stock worth $126,000 after purchasing an additional 528 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Amalgamated Financial during the second quarter worth $213,000. Institutional investors own 75.93% of the company’s stock.

Analysts Set New Price Targets

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

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.