Key Points
- EVP Sean Searby sold 748 shares on April 7 at an average price of $40.02 for $29,934.96, lowering his stake to 22,307 shares (a 3.24% decrease); this and a prior April 1 sale of 4,948 shares at $39.42 (~$195,050) were executed under a pre-arranged Rule 10b5-1 trading plan.
- Amalgamated Financial recently beat quarterly EPS estimates ($0.99 vs. $0.91) and raised its quarterly dividend to $0.17 (annualized $0.68, ~1.6% yield); the stock trades near its 12‑month high, has a $1.26B market cap, and carries a consensus analyst rating of Moderate Buy with a $40 price target.
Amalgamated Financial Corp. (NASDAQ:AMAL - Get Free Report) EVP Sean Searby sold 748 shares of Amalgamated Financial stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $40.02, for a total transaction of $29,934.96. Following the completion of the sale, the executive vice president owned 22,307 shares of the company's stock, valued at $892,726.14. This trade represents a 3.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Sean Searby also recently made the following trade(s):
- On Wednesday, April 1st, Sean Searby sold 4,948 shares of Amalgamated Financial stock. The stock was sold at an average price of $39.42, for a total transaction of $195,050.16.
Amalgamated Financial Price Performance
Shares of Amalgamated Financial stock opened at $42.24 on Friday. Amalgamated Financial Corp. has a twelve month low of $25.13 and a twelve 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 50-day simple moving average of $39.34 and a two-hundred day simple moving average of $33.47. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 12.39 and a beta of 0.82.
Amalgamated Financial (NASDAQ:AMAL - Get Free Report) last issued its earnings results on Thursday, January 22nd. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.91 by $0.08. The company had revenue of $87.91 million during the quarter, compared to analysts' expectations of $85.37 million. Amalgamated Financial had a net margin of 23.05% and a return on equity of 14.60%. Analysts forecast that Amalgamated Financial Corp. will post 3.65 EPS for the current year.
Amalgamated Financial Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Tuesday, February 3rd were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, February 3rd. This is a boost from Amalgamated Financial's previous quarterly dividend of $0.14. Amalgamated Financial's dividend payout ratio is presently 19.94%.
Wall Street Analyst Weigh In
Several brokerages have recently commented on AMAL. Piper Sandler began coverage on shares of Amalgamated Financial in a research report on Monday, March 16th. They issued a "neutral" rating and a $41.00 target price for the company. Weiss Ratings upgraded shares of Amalgamated Financial from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, February 26th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Amalgamated Financial has a consensus rating of "Moderate Buy" and a consensus price target of $40.00.
Check Out Our Latest Research Report on AMAL
Institutional Investors Weigh In On Amalgamated Financial
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Amalgamated Financial by 3.5% during the 4th quarter. Vanguard Group Inc. now owns 1,434,372 shares of the company's stock valued at $45,943,000 after purchasing an additional 49,037 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Amalgamated Financial by 4.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,407,173 shares of the company's stock valued at $38,205,000 after purchasing an additional 54,885 shares during the last quarter. Adage Capital Partners GP L.L.C. grew its holdings in shares of Amalgamated Financial by 14.5% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 953,859 shares of the company's stock valued at $30,552,000 after purchasing an additional 120,483 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Amalgamated Financial by 6.7% during the 3rd quarter. American Century Companies Inc. now owns 589,033 shares of the company's stock valued at $15,992,000 after purchasing an additional 36,851 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in shares of Amalgamated Financial by 63.7% during the 3rd quarter. Millennium Management LLC now owns 522,598 shares of the company's stock valued at $14,189,000 after purchasing an additional 203,440 shares during the last quarter. 75.93% of the stock is owned by institutional investors.
Amalgamated Financial Company Profile
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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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