Bailard Inc. Has $452,000 Stock Holdings in Amalgamated Financial Corp. $AMAL

Bailard Inc. lessened its holdings in Amalgamated Financial Corp. (NASDAQ:AMAL) by 48.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,503 shares of the company’s stock after selling 13,500 shares during the period. Bailard Inc.’s holdings in Amalgamated Financial were worth $452,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Alliancebernstein L.P. boosted its position in shares of Amalgamated Financial by 1,738.5% in the first quarter. Alliancebernstein L.P. now owns 767,438 shares of the company’s stock valued at $22,064,000 after acquiring an additional 725,695 shares during the period. Boston Trust Walden Corp bought a new stake in Amalgamated Financial in the 2nd quarter valued at about $16,974,000. Adage Capital Partners GP L.L.C. boosted its stake in shares of Amalgamated Financial by 35.1% in the first quarter. Adage Capital Partners GP L.L.C. now owns 740,642 shares of the company’s stock valued at $21,293,000 after buying an additional 192,577 shares during the period. Nuveen LLC acquired a new stake in Amalgamated Financial during the first quarter worth approximately $3,416,000. Finally, Geode Capital Management LLC increased its stake in Amalgamated Financial by 20.2% during the 2nd quarter. Geode Capital Management LLC now owns 608,506 shares of the company’s stock worth $18,988,000 after acquiring an additional 102,166 shares during the period. Institutional investors and hedge funds own 75.93% of the company’s stock.

Amalgamated Financial Price Performance

Amalgamated Financial stock opened at $28.12 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 0.64. Amalgamated Financial Corp. has a 52 week low of $25.03 and a 52 week high of $37.86. The stock has a market capitalization of $841.91 million, a P/E ratio of 8.47 and a beta of 0.88. The stock has a fifty day moving average of $27.56 and a 200-day moving average of $29.36.

Amalgamated Financial (NASDAQ:AMAL) last released its quarterly earnings data on Monday, December 19th. The company reported $0.46 earnings per share for the quarter. The business had revenue of $49.68 million for the quarter. Amalgamated Financial had a return on equity of 14.75% and a net margin of 22.97%. On average, sell-side analysts expect that Amalgamated Financial Corp. will post 3.65 earnings per share for the current fiscal year.

Amalgamated Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Investors of record on Wednesday, November 5th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, November 5th. This represents a $0.56 annualized dividend and a dividend yield of 2.0%. Amalgamated Financial’s payout ratio is 16.87%.

Insider Activity at Amalgamated Financial

In other Amalgamated Financial news, EVP Sean Searby sold 4,106 shares of the business’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $29.77, for a total transaction of $122,235.62. Following the sale, the executive vice president owned 12,303 shares of the company’s stock, valued at approximately $366,260.31. The trade was a 25.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Julie Kelly sold 6,697 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $27.34, for a total transaction of $183,095.98. Following the transaction, the director owned 16,763 shares of the company’s stock, valued at $458,300.42. This trade represents a 28.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 29,961 shares of company stock valued at $837,329 in the last quarter. 1.29% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Piper Sandler downgraded Amalgamated Financial from a “neutral” rating to an “underweight” rating and cut their target price for the company from $34.00 to $27.00 in a research report on Tuesday, August 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amalgamated Financial in a research report on Thursday, October 30th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $33.00.

Amalgamated Financial Company Profile

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.