Amalgamated Financial Corp. (NASDAQ:AMAL – Get Free Report) Director Maryann Bruce sold 4,403 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $33.77, for a total transaction of $148,689.31. Following the completion of the sale, the director now owns 18,319 shares in the company, valued at $618,632.63. The trade was a 19.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Amalgamated Financial Stock Down 1.3 %
AMAL opened at $34.14 on Friday. Amalgamated Financial Corp. has a one year low of $21.33 and a one year high of $38.19. 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 stock has a market capitalization of $1.05 billion, a P/E ratio of 10.04 and a beta of 0.93. The business’s 50-day simple moving average is $34.73 and its 200-day simple moving average is $33.03.
Amalgamated Financial (NASDAQ:AMAL – Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.03. Amalgamated Financial had a return on equity of 16.00% and a net margin of 24.19%. Analysts anticipate that Amalgamated Financial Corp. will post 3.46 EPS for the current year.
Amalgamated Financial Increases Dividend
Analysts Set New Price Targets
AMAL has been the subject of several analyst reports. Keefe, Bruyette & Woods upped their price objective on Amalgamated Financial from $41.00 to $45.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Piper Sandler increased their price target on shares of Amalgamated Financial from $39.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th.
Check Out Our Latest Stock Analysis on AMAL
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. FMR LLC grew its holdings in shares of Amalgamated Financial by 198.0% during the third quarter. FMR LLC now owns 35,663 shares of the company’s stock worth $1,119,000 after buying an additional 23,697 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Amalgamated Financial by 18.7% in the third quarter. JPMorgan Chase & Co. now owns 567,609 shares of the company’s stock valued at $17,806,000 after purchasing an additional 89,444 shares during the period. State Street Corp raised its stake in shares of Amalgamated Financial by 4.9% during the third quarter. State Street Corp now owns 704,868 shares of the company’s stock worth $22,112,000 after purchasing an additional 33,095 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of Amalgamated Financial during the third quarter worth $496,000. Finally, Geode Capital Management LLC grew its position in Amalgamated Financial by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 478,888 shares of the company’s stock valued at $15,026,000 after buying an additional 34,109 shares during the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.
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.
Read More
- Five stocks we like better than Amalgamated Financial
- Are Penny Stocks a Good Fit for Your Portfolio?
- How Growth Investors Find High-Growth Stocks and Maximize Returns
- 3 Monster Growth Stocks to Buy Now
- Meta’s AI & Smart Glasses Could Drive 20%+ Upside in 2025
- What is the NASDAQ Stock Exchange?
- NVIDIA’s Slide Continues: Can Retail Investors Stop the Fall?
Receive News & Ratings for Amalgamated Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amalgamated Financial and related companies with MarketBeat.com's FREE daily email newsletter.