Key Points
- EVP Tyrone Graham sold 501 shares on March 4 at $38.88 (about $19,479) after selling 2,285 shares on Feb. 20 at $39.91, cutting his stake by 3.12% to 15,539 shares valued at roughly $604,156.
- Financials and dividend: The company beat estimates with $0.99 EPS vs. $0.91 expected and $87.91M revenue, and raised its quarterly dividend from $0.14 to $0.17 (annualized $0.68, ~1.8% yield).
- Market and analyst context: Shares fell about 1.9% to $37.80, Amalgamated has a market cap of ~$1.13B and a P/E of 11.09, analysts show a consensus "Moderate Buy" with a $33.50 target, and institutions own ~75.9% of the stock.
Amalgamated Financial Corp. (NASDAQ:AMAL - Get Free Report) EVP Tyrone Graham sold 501 shares of the business's stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $38.88, for a total transaction of $19,478.88. Following the sale, the executive vice president owned 15,539 shares in the company, valued at $604,156.32. This trade represents a 3.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Tyrone Graham also recently made the following trade(s):
- On Friday, February 20th, Tyrone Graham sold 2,285 shares of Amalgamated Financial stock. The stock was sold at an average price of $39.91, for a total transaction of $91,194.35.
Amalgamated Financial Stock Down 1.9%
Shares of NASDAQ AMAL traded down $0.72 during midday trading on Friday, hitting $37.80. The company's stock had a trading volume of 125,290 shares, compared to its average volume of 157,850. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 11.09 and a beta of 0.81. The business's fifty day simple moving average is $37.46 and its two-hundred day simple moving average is $31.82. Amalgamated Financial Corp. has a 1 year low of $25.03 and a 1 year high of $42.65.
Amalgamated Financial (NASDAQ:AMAL - Get Free Report) last announced its earnings results on Thursday, January 22nd. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.08. Amalgamated Financial had a net margin of 23.05% and a return on equity of 14.80%. The firm had revenue of $87.91 million for the quarter, compared to the consensus estimate of $85.37 million. On average, equities analysts predict that Amalgamated Financial Corp. will post 3.65 EPS for the current year.
Amalgamated Financial Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Tuesday, February 3rd were given a dividend of $0.17 per share. This is an increase from Amalgamated Financial's previous quarterly dividend of $0.14. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, February 3rd. Amalgamated Financial's dividend payout ratio is currently 19.94%.
Institutional Investors Weigh In On Amalgamated Financial
Several institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new position in shares of Amalgamated Financial during the third quarter worth $33,000. Osaic Holdings Inc. raised its stake in Amalgamated Financial by 56.7% in the second quarter. Osaic Holdings Inc. now owns 1,080 shares of the company's stock valued at $34,000 after buying an additional 391 shares in the last quarter. Arax Advisory Partners lifted its holdings in Amalgamated Financial by 187.1% during the 4th quarter. Arax Advisory Partners now owns 1,269 shares of the company's stock worth $41,000 after buying an additional 827 shares during the last quarter. CWM LLC lifted its holdings in Amalgamated Financial by 41.2% during the 4th quarter. CWM LLC now owns 1,880 shares of the company's stock worth $60,000 after buying an additional 549 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Amalgamated Financial by 140.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,014 shares of the company's stock worth $63,000 after acquiring an additional 1,177 shares in the last quarter. 75.93% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts recently commented on the company. Weiss Ratings raised Amalgamated Financial from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, February 26th. Piper Sandler raised Amalgamated Financial from an "underweight" rating to a "neutral" rating and increased their price target for the company from $27.00 to $28.00 in a research report on Wednesday, November 19th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $33.50.
View Our Latest Research Report on AMAL
About Amalgamated Financial
(
Get Free Report)
Amalgamated Financial Corp. (NASDAQ: AMAL) is the bank holding company for Amalgamated Bank, a fully insured commercial bank with a historic mission of serving labor unions, progressive non-profits and mission-driven organizations. Founded in 1923 by the Amalgamated Clothing Workers of America, Amalgamated Bank has grown into a national institution offering a broad suite of banking services, including deposit accounts, commercial and consumer lending, cash management, and treasury solutions tailored to organizations with social responsibility or union affiliations.
In addition to core banking, Amalgamated Financial provides wealth management and trust services, retirement plan consulting and impact investing strategies.
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