Key Points
- EVP Sean Searby sold 4,948 shares on April 1 at an average price of $39.42 for about $195,050, executed under a pre-arranged Rule 10b5-1 plan and reducing his stake by 17.67% to 23,055 shares.
- Recent results beat expectations: the company reported $0.99 EPS vs. $0.91 est and $87.91M revenue vs. $85.37M, and raised its quarterly dividend to $0.17 (annualized $0.68, ~1.7% yield).
- Market backdrop: Amalgamated Financial has a market cap of $1.18B and a P/E of 11.55, with a 12‑month range of $25.03–$42.65; institutional investors own ~75.9% and analysts hold a consensus "Moderate Buy" with a ~ $40 target.
Amalgamated Financial Corp. (NASDAQ:AMAL - Get Free Report) EVP Sean Searby sold 4,948 shares of the business's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $39.42, for a total transaction of $195,050.16. Following the completion of the transaction, the executive vice president directly owned 23,055 shares of the company's stock, valued at $908,828.10. This trade represents a 17.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Amalgamated Financial Price Performance
AMAL opened at $39.40 on Friday. The stock has a market cap of $1.18 billion, a P/E ratio of 11.55 and a beta of 0.82. Amalgamated Financial Corp. has a 12 month low of $25.03 and a 12 month high of $42.65. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.09. The company has a fifty day simple moving average of $39.11 and a 200 day simple moving average of $33.11.
Amalgamated Financial (NASDAQ:AMAL - Get Free Report) last posted 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 return on equity of 14.60% and a net margin of 23.05%.The firm had revenue of $87.91 million for the quarter, compared to analyst estimates of $85.37 million. On average, research analysts expect that Amalgamated Financial Corp. will post 3.65 EPS for the current year.
Amalgamated Financial Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Tuesday, February 3rd were issued a dividend of $0.17 per share. This is a boost from Amalgamated Financial's previous quarterly dividend of $0.14. The ex-dividend date was Tuesday, February 3rd. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. Amalgamated Financial's dividend payout ratio (DPR) is presently 19.94%.
Institutional Trading of Amalgamated Financial
Several hedge funds and other institutional investors have recently modified their holdings of AMAL. Hsbc Holdings PLC raised its stake in shares of Amalgamated Financial by 123.8% in the 4th quarter. Hsbc Holdings PLC now owns 52,596 shares of the company's stock valued at $1,685,000 after purchasing an additional 29,090 shares during the period. Invesco Ltd. boosted its position in shares of Amalgamated Financial by 3.1% during the fourth quarter. Invesco Ltd. now owns 41,687 shares of the company's stock worth $1,335,000 after buying an additional 1,256 shares during the period. Empowered Funds LLC grew its holdings in shares of Amalgamated Financial by 9.3% during the fourth quarter. Empowered Funds LLC now owns 126,644 shares of the company's stock worth $4,056,000 after buying an additional 10,759 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of Amalgamated Financial during the fourth quarter worth about $209,000. Finally, First Manhattan CO. LLC. raised its position in Amalgamated Financial by 2.3% in the 4th quarter. First Manhattan CO. LLC. now owns 407,025 shares of the company's stock valued at $13,037,000 after buying an additional 9,340 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company's stock.
Analyst Ratings Changes
AMAL has been the subject of a number of research reports. Piper Sandler assumed coverage on Amalgamated Financial in a research note on Monday, March 16th. They set a "neutral" rating and a $41.00 target price for the company. Weiss Ratings raised shares of Amalgamated Financial from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, February 26th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.00.
Check Out Our Latest Analysis on Amalgamated Financial
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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