Elizabeth Park Capital Advisors Ltd. Has $2.25 Million Stock Position in Amalgamated Financial Corp. $AMAL

Elizabeth Park Capital Advisors Ltd. cut its holdings in Amalgamated Financial Corp. (NASDAQ:AMAL) by 22.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 72,040 shares of the company’s stock after selling 20,969 shares during the quarter. Amalgamated Financial accounts for 2.0% of Elizabeth Park Capital Advisors Ltd.’s investment portfolio, making the stock its 29th largest holding. Elizabeth Park Capital Advisors Ltd. owned about 0.24% of Amalgamated Financial worth $2,248,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. US Bancorp DE lifted its position in shares of 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 acquiring an additional 381 shares during the period. Vanguard Group Inc. raised its holdings in shares of Amalgamated Financial by 4.0% during the first quarter. Vanguard Group Inc. now owns 1,255,166 shares of the company’s stock valued at $36,086,000 after purchasing an additional 48,803 shares during the period. Swiss National Bank raised its holdings in shares of Amalgamated Financial by 8.2% during the first quarter. Swiss National Bank now owns 35,700 shares of the company’s stock valued at $1,026,000 after purchasing an additional 2,700 shares during the period. Nuveen LLC bought a new position in shares of Amalgamated Financial during the 1st quarter worth about $3,416,000. Finally, American Century Companies Inc. grew its stake in shares of Amalgamated Financial by 4.6% in the 1st quarter. American Century Companies Inc. now owns 526,141 shares of the company’s stock valued at $15,127,000 after buying an additional 23,293 shares during the period. Institutional investors and hedge funds own 75.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on AMAL shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Amalgamated Financial in a research report on Monday, December 1st. Piper Sandler upgraded Amalgamated Financial from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $27.00 to $28.00 in a report on Wednesday, November 19th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Amalgamated Financial has an average rating of “Hold” and an average price target of $33.50.

Amalgamated Financial Price Performance

Shares of NASDAQ AMAL opened at $30.95 on Friday. The stock has a market cap of $926.52 million, a price-to-earnings ratio of 9.32 and a beta of 0.84. 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 fifty-two week low of $25.03 and a fifty-two week high of $37.26. The firm’s 50-day simple moving average is $27.89 and its 200 day simple moving average is $29.27.

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

Amalgamated Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Shareholders of record on Wednesday, November 5th were paid a dividend of $0.14 per share. The ex-dividend date was Wednesday, November 5th. This represents a $0.56 annualized dividend and a yield of 1.8%. Amalgamated Financial’s dividend payout ratio (DPR) is 16.87%.

Insiders Place Their Bets

In other news, Director Edgar Romney sold 6,697 shares of the company’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $27.34, for a total value of $183,095.98. Following the completion of the sale, the director owned 16,763 shares in the company, valued at $458,300.42. This represents a 28.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Julie Kelly sold 6,697 shares of the stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $27.34, for a total transaction of $183,095.98. Following the completion of the sale, the director owned 16,763 shares of the company’s stock, valued at approximately $458,300.42. This represents a 28.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 22,343 shares of company stock valued at $610,858 in the last three months. 1.29% of the stock is currently owned by insiders.

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.