Brandywine Global Investment Management LLC Sells 2,179 Shares of Amalgamated Financial Corp. $AMAL

Brandywine Global Investment Management LLC trimmed its holdings in shares of Amalgamated Financial Corp. (NASDAQ:AMAL) by 3.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,685 shares of the company’s stock after selling 2,179 shares during the period. Brandywine Global Investment Management LLC owned about 0.18% of Amalgamated Financial worth $1,706,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of AMAL. Y Intercept Hong Kong Ltd boosted its holdings in Amalgamated Financial by 136.4% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 16,126 shares of the company’s stock valued at $464,000 after acquiring an additional 9,304 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Amalgamated Financial by 1.7% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 64,923 shares of the company’s stock worth $1,867,000 after buying an additional 1,068 shares during the period. Mackenzie Financial Corp raised its holdings in Amalgamated Financial by 13.8% during the 1st quarter. Mackenzie Financial Corp now owns 17,406 shares of the company’s stock valued at $500,000 after buying an additional 2,117 shares during the last quarter. US Bancorp DE boosted its position in Amalgamated Financial by 12.9% during the 1st quarter. US Bancorp DE now owns 3,343 shares of the company’s stock valued at $96,000 after buying an additional 381 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Amalgamated Financial by 4.0% in the 1st quarter. Vanguard Group Inc. now owns 1,255,166 shares of the company’s stock worth $36,086,000 after acquiring an additional 48,803 shares during the last quarter. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Insider Transactions at Amalgamated Financial

In other Amalgamated Financial news, EVP Sean Searby sold 3,512 shares of the firm’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $29.68, for a total transaction of $104,236.16. Following the completion of the transaction, the executive vice president owned 8,791 shares of the company’s stock, valued at approximately $260,916.88. This trade represents a 28.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Julie Kelly sold 6,697 shares of the business’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $27.34, for a total transaction of $183,095.98. Following the sale, the director owned 16,763 shares in the company, valued at approximately $458,300.42. This trade represents a 28.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 25,855 shares of company stock worth $715,094 in the last ninety days. 1.29% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on AMAL. Piper Sandler raised shares of Amalgamated Financial from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $27.00 to $28.00 in a research note on Wednesday, November 19th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Amalgamated Financial in a research report on Wednesday, November 19th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Amalgamated Financial presently has an average rating of “Hold” and a consensus price target of $33.50.

Amalgamated Financial Price Performance

Shares of NASDAQ AMAL opened at $29.24 on Tuesday. Amalgamated Financial Corp. has a 1 year low of $25.03 and a 1 year high of $37.86. The stock has a market capitalization of $875.45 million, a P/E ratio of 8.81 and a beta of 0.88. The company’s 50-day moving average is $27.47 and its 200 day moving average is $29.30. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.64 and a quick ratio of 0.64.

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

Amalgamated Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Wednesday, November 5th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, November 5th. Amalgamated Financial’s dividend payout ratio is presently 16.87%.

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.