Strs Ohio Sells 2,200 Shares of Amalgamated Financial Corp. (NASDAQ:AMAL)

Strs Ohio lowered its holdings in Amalgamated Financial Corp. (NASDAQ:AMALGet Rating) by 7.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,100 shares of the company’s stock after selling 2,200 shares during the quarter. Strs Ohio owned 0.09% of Amalgamated Financial worth $611,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its stake in Amalgamated Financial by 102.5% in the second quarter. Assenagon Asset Management S.A. now owns 178,440 shares of the company’s stock valued at $3,530,000 after acquiring an additional 90,301 shares during the period. Nia Impact Advisors LLC bought a new stake in Amalgamated Financial in the second quarter valued at about $642,000. Allspring Global Investments Holdings LLC increased its stake in Amalgamated Financial by 888.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 53,337 shares of the company’s stock valued at $1,055,000 after acquiring an additional 47,941 shares during the period. Isthmus Partners LLC increased its stake in Amalgamated Financial by 0.4% in the second quarter. Isthmus Partners LLC now owns 108,008 shares of the company’s stock valued at $2,136,000 after acquiring an additional 419 shares during the period. Finally, Reynders McVeigh Capital Management LLC boosted its position in Amalgamated Financial by 5.0% in the second quarter. Reynders McVeigh Capital Management LLC now owns 133,158 shares of the company’s stock valued at $2,634,000 after buying an additional 6,350 shares in the last quarter. Institutional investors own 48.99% of the company’s stock.

Insider Transactions at Amalgamated Financial

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

Analyst Upgrades and Downgrades

Separately, Piper Sandler reduced their price target on shares of Amalgamated Financial from $29.00 to $28.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 20th.

Amalgamated Financial Price Performance

NASDAQ:AMAL opened at $23.51 on Wednesday. The firm has a market cap of $721.10 million, a PE ratio of 10.13 and a beta of 0.83. Amalgamated Financial Corp. has a 12 month low of $15.58 and a 12 month high of $27.33. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.31. The company’s 50-day moving average price is $24.45 and its two-hundred day moving average price is $23.33.

Amalgamated Financial (NASDAQ:AMALGet Rating) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.08. The firm had revenue of $72.63 million for the quarter, compared to analyst estimates of $67.10 million. Amalgamated Financial had a net margin of 27.85% and a return on equity of 14.49%. On average, equities analysts anticipate that Amalgamated Financial Corp. will post 2.6 EPS for the current fiscal year.

Amalgamated Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 28th. Stockholders of record on Wednesday, November 9th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, November 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.70%. Amalgamated Financial’s payout ratio is 17.24%.

Amalgamated Financial Profile

(Get Rating)

Amalgamated Financial Corp. operates as a holding company for Amalgamated Bank. It offers commercial and retail banking, investment management, and trust custody segments. The company was founded in 1923 and is headquartered in New York, NY.

Further Reading

Institutional Ownership by Quarter for Amalgamated Financial (NASDAQ:AMAL)

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