Amalgamated Financial (NASDAQ:AMAL) Sees Strong Trading Volume

Amalgamated Financial Corp. (NASDAQ:AMALGet Rating) saw an uptick in trading volume on Friday . 20,183 shares traded hands during mid-day trading, a decline of 90% from the previous session’s volume of 193,106 shares.The stock last traded at $25.50 and had previously closed at $25.74.

Amalgamated Financial Trading Down 1.2 %

The company has a fifty day simple moving average of $23.55 and a two-hundred day simple moving average of $22.05. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 0.31. The company has a market cap of $779.94 million, a PE ratio of 10.96 and a beta of 0.75.

Amalgamated Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Wednesday, November 9th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, November 8th. This represents a $0.40 dividend on an annualized basis and a yield of 1.57%. Amalgamated Financial’s payout ratio is 17.24%.

Insiders Place Their Bets

In other news, VP Sam D. Brown sold 6,961 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The stock was sold at an average price of $25.32, for a total value of $176,252.52. Following the completion of the sale, the vice president now directly owns 1,855 shares of the company’s stock, valued at approximately $46,968.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Amalgamated Financial news, VP Sam D. Brown sold 1,339 shares of the firm’s stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $25.01, for a total transaction of $33,488.39. Following the completion of the transaction, the vice president now owns 8,816 shares of the company’s stock, valued at $220,488.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Sam D. Brown sold 6,961 shares of the firm’s stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $25.32, for a total value of $176,252.52. Following the sale, the vice president now owns 1,855 shares in the company, valued at approximately $46,968.60. The disclosure for this sale can be found here. 2.12% of the stock is owned by insiders.

Institutional Investors Weigh In On Amalgamated Financial

Several hedge funds have recently made changes to their positions in AMAL. Isthmus Partners LLC lifted its stake in shares of Amalgamated Financial by 4.7% during the first quarter. Isthmus Partners LLC now owns 107,589 shares of the company’s stock worth $1,933,000 after purchasing an additional 4,797 shares in the last quarter. Swiss National Bank increased its position in shares of Amalgamated Financial by 7.5% during the first quarter. Swiss National Bank now owns 33,100 shares of the company’s stock worth $595,000 after acquiring an additional 2,300 shares during the last quarter. Edmond DE Rothschild Holding S.A. increased its position in shares of Amalgamated Financial by 3.0% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 107,500 shares of the company’s stock worth $1,932,000 after acquiring an additional 3,170 shares during the last quarter. Cornercap Investment Counsel Inc. increased its position in shares of Amalgamated Financial by 6.3% during the first quarter. Cornercap Investment Counsel Inc. now owns 31,733 shares of the company’s stock worth $570,000 after acquiring an additional 1,881 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Amalgamated Financial by 15.4% in the first quarter. JPMorgan Chase & Co. now owns 354,255 shares of the company’s stock valued at $6,366,000 after buying an additional 47,214 shares during the last quarter. Institutional investors and hedge funds own 37.28% of the company’s stock.

Amalgamated Financial Company Profile

(Get Rating)

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.

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