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

Amalgamated Financial Corp. (NASDAQ:AMAL) CFO Jason Darby sold 4,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.59, for a total transaction of $146,360.00. Following the sale, the chief financial officer now owns 50,208 shares of the company’s stock, valued at $1,837,110.72. This trade represents a 7.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Amalgamated Financial Price Performance

Shares of NASDAQ:AMAL opened at $36.46 on Friday. The company’s 50-day moving average is $32.79 and its 200 day moving average is $29.48. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $1.12 billion, a P/E ratio of 10.72 and a beta of 0.91. Amalgamated Financial Corp. has a fifty-two week low of $20.05 and a fifty-two week high of $38.19.

Amalgamated Financial (NASDAQ:AMAL) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. Amalgamated Financial had a return on equity of 16.00% and a net margin of 24.19%. The business had revenue of $111.76 million for the quarter, compared to analysts’ expectations of $79.50 million. During the same period in the previous year, the business posted $0.76 EPS. On average, equities research analysts forecast that Amalgamated Financial Corp. will post 3.46 earnings per share for the current year.

Amalgamated Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Tuesday, November 5th. Amalgamated Financial’s dividend payout ratio is presently 14.12%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Amalgamated Financial

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers boosted its stake in Amalgamated Financial by 1.3% in the second quarter. Rhumbline Advisers now owns 29,996 shares of the company’s stock worth $822,000 after buying an additional 393 shares in the last quarter. US Bancorp DE lifted its stake in Amalgamated Financial by 28.4% in the third 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 period. DekaBank Deutsche Girozentrale lifted its position in Amalgamated Financial by 12.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 4,816 shares of the company’s stock valued at $126,000 after buying an additional 528 shares during the period. Panagora Asset Management Inc. lifted its position in Amalgamated Financial by 1.7% during the second quarter. Panagora Asset Management Inc. now owns 36,364 shares of the company’s stock valued at $996,000 after buying an additional 616 shares during the period. Finally, Quest Partners LLC lifted its position in Amalgamated Financial by 6.9% during the second quarter. Quest Partners LLC now owns 10,028 shares of the company’s stock valued at $275,000 after buying an additional 646 shares during the period. 75.93% of the stock is currently owned by institutional investors.

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.