Amalgamated Financial Corp. (NASDAQ:AMAL) Shares Acquired by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC increased its holdings in shares of Amalgamated Financial Corp. (NASDAQ:AMALFree Report) by 9.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,918 shares of the company’s stock after acquiring an additional 2,787 shares during the period. Campbell & CO Investment Adviser LLC owned approximately 0.11% of Amalgamated Financial worth $914,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Adage Capital Partners GP L.L.C. increased its position in shares of Amalgamated Financial by 2.8% in the third quarter. Adage Capital Partners GP L.L.C. now owns 2,182,279 shares of the company’s stock valued at $37,579,000 after buying an additional 59,337 shares in the last quarter. Schroder Investment Management Group raised its position in Amalgamated Financial by 26.5% during the third quarter. Schroder Investment Management Group now owns 317,107 shares of the company’s stock worth $5,461,000 after acquiring an additional 66,420 shares during the period. Clean Yield Group lifted its holdings in Amalgamated Financial by 3.5% during the fourth quarter. Clean Yield Group now owns 145,464 shares of the company’s stock valued at $3,919,000 after purchasing an additional 4,960 shares in the last quarter. Arjuna Capital grew its position in shares of Amalgamated Financial by 6.6% in the fourth quarter. Arjuna Capital now owns 167,994 shares of the company’s stock valued at $4,526,000 after purchasing an additional 10,448 shares during the period. Finally, Truist Financial Corp purchased a new stake in shares of Amalgamated Financial during the fourth quarter worth about $427,000. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Insider Buying and Selling at Amalgamated Financial

In other news, EVP Sam D. Brown sold 8,994 shares of Amalgamated Financial stock in a transaction on Monday, May 6th. The stock was sold at an average price of $25.47, for a total transaction of $229,077.18. Following the transaction, the executive vice president now owns 45,970 shares in the company, valued at approximately $1,170,855.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, EVP Sam D. Brown sold 8,994 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $25.47, for a total value of $229,077.18. Following the completion of the sale, the executive vice president now owns 45,970 shares of the company’s stock, valued at $1,170,855.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edgar Romney, Jr. sold 8,269 shares of Amalgamated Financial stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $25.25, for a total transaction of $208,792.25. Following the transaction, the insider now directly owns 13,856 shares in the company, valued at $349,864. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on AMAL shares. JPMorgan Chase & Co. decreased their price target on shares of Amalgamated Financial from $33.00 to $29.50 and set an “overweight” rating on the stock in a research note on Thursday, April 4th. Keefe, Bruyette & Woods decreased their target price on Amalgamated Financial from $32.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, April 5th. Finally, Piper Sandler reiterated an “overweight” rating and set a $29.00 price target (up from $28.00) on shares of Amalgamated Financial in a research report on Friday, April 26th.

Check Out Our Latest Research Report on AMAL

Amalgamated Financial Stock Performance

NASDAQ:AMAL opened at $25.06 on Thursday. The company has a market cap of $764.83 million, a P/E ratio of 8.19 and a beta of 0.93. Amalgamated Financial Corp. has a twelve month low of $15.19 and a twelve month high of $27.77. The company’s 50-day moving average price is $24.12 and its 200-day moving average price is $24.30. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.23.

Amalgamated Financial (NASDAQ:AMALGet Free Report) last released its earnings results on Thursday, April 25th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.11. The business had revenue of $107.16 million for the quarter, compared to analyst estimates of $75.77 million. Amalgamated Financial had a net margin of 23.22% and a return on equity of 16.34%. During the same period last year, the company posted $0.74 EPS. On average, sell-side analysts forecast that Amalgamated Financial Corp. will post 3.13 earnings per share for the current fiscal year.

Amalgamated Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.48 dividend on an annualized basis and a yield of 1.92%. This is a positive change from Amalgamated Financial’s previous quarterly dividend of $0.10. Amalgamated Financial’s payout ratio is 15.69%.

Amalgamated Financial Company Profile

(Free Report)

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

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