Amalgamated Financial Corp. (NASDAQ:AMAL) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP cut its position in Amalgamated Financial Corp. (NASDAQ:AMAL - Free Report) by 21.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,300 shares of the company's stock after selling 13,900 shares during the period. Two Sigma Advisers LP owned 0.17% of Amalgamated Financial worth $1,717,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in AMAL. R Squared Ltd acquired a new stake in Amalgamated Financial during the 4th quarter worth $38,000. New York State Teachers Retirement System acquired a new position in Amalgamated Financial during the fourth quarter worth about $55,000. KLP Kapitalforvaltning AS purchased a new position in Amalgamated Financial in the 4th quarter worth approximately $90,000. US Bancorp DE boosted its holdings in shares of Amalgamated Financial by 28.1% during the 4th quarter. US Bancorp DE now owns 2,962 shares of the company's stock worth $99,000 after purchasing an additional 650 shares during the last quarter. Finally, Midwest Professional Planners LTD. acquired a new position in shares of Amalgamated Financial during the 4th quarter worth approximately $210,000. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on AMAL. Keefe, Bruyette & Woods cut their price target on Amalgamated Financial from $41.00 to $39.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Piper Sandler downgraded Amalgamated Financial from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $42.00 to $38.00 in a research note on Friday, February 21st.

Insider Transactions at Amalgamated Financial

In related news, EVP Sean Searby sold 3,000 shares of Amalgamated Financial stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $32.49, for a total value of $97,470.00. Following the completion of the transaction, the executive vice president now directly owns 17,639 shares in the company, valued at approximately $573,091.11. This trade represents a 14.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Tyrone Graham sold 3,317 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $30.50, for a total value of $101,168.50. Following the transaction, the executive vice president now directly owns 11,449 shares of the company's stock, valued at $349,194.50. The trade was a 22.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,926 shares of company stock worth $243,070. 1.29% of the stock is currently owned by insiders.

Amalgamated Financial Trading Up 0.2%

Shares of NASDAQ AMAL traded up $0.06 during midday trading on Friday, reaching $30.36. 171,406 shares of the stock were exchanged, compared to its average volume of 191,200. The stock has a market capitalization of $928.71 million, a P/E ratio of 8.80 and a beta of 0.86. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.63 and a current ratio of 0.63. The company has a 50 day simple moving average of $28.63 and a 200 day simple moving average of $32.03. Amalgamated Financial Corp. has a twelve month low of $24.02 and a twelve month high of $38.19.

Amalgamated Financial (NASDAQ:AMAL - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.88 EPS for the quarter, meeting the consensus estimate of $0.88. The business had revenue of $79.69 million for the quarter, compared to analyst estimates of $74.78 million. Amalgamated Financial had a return on equity of 16.49% and a net margin of 24.50%. During the same quarter in the prior year, the company posted $0.89 EPS. As a group, equities analysts expect that Amalgamated Financial Corp. will post 3.65 earnings per share for the current year.

Amalgamated Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders of record on Tuesday, May 6th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Tuesday, May 6th. Amalgamated Financial's dividend payout ratio (DPR) is 16.62%.

Amalgamated Financial announced that its board has authorized a share buyback program on Monday, March 10th that permits the company to buyback $40.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 4.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

About Amalgamated Financial

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.