Teacher Retirement System of Texas Sells 13,201 Shares of Amalgamated Financial Corp. (NASDAQ:AMAL)

Teacher Retirement System of Texas lowered its holdings in shares of Amalgamated Financial Corp. (NASDAQ:AMAL - Free Report) by 26.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,590 shares of the company's stock after selling 13,201 shares during the quarter. Teacher Retirement System of Texas owned 0.12% of Amalgamated Financial worth $1,052,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Neumeier Poma Investment Counsel LLC bought a new stake in shares of Amalgamated Financial in the 4th quarter valued at about $13,093,000. Charles Schwab Investment Management Inc. raised its position in Amalgamated Financial by 49.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 242,531 shares of the company's stock worth $8,118,000 after acquiring an additional 80,484 shares during the period. Barclays PLC raised its position in Amalgamated Financial by 60.2% during the fourth quarter. Barclays PLC now owns 190,861 shares of the company's stock worth $6,388,000 after acquiring an additional 71,696 shares during the period. Cubist Systematic Strategies LLC raised its position in shares of Amalgamated Financial by 140.1% in the fourth quarter. Cubist Systematic Strategies LLC now owns 118,395 shares of the company's stock valued at $3,963,000 after buying an additional 69,079 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its position in shares of Amalgamated Financial by 26.9% in the fourth quarter. Bridgeway Capital Management LLC now owns 322,833 shares of the company's stock valued at $10,805,000 after buying an additional 68,381 shares during the last quarter. Institutional investors own 75.93% of the company's stock.

Amalgamated Financial Stock Performance

NASDAQ:AMAL opened at $32.62 on Monday. The firm's fifty day moving average price is $30.88 and its 200 day moving average price is $31.16. Amalgamated Financial Corp. has a 1-year low of $25.03 and a 1-year high of $38.19. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market cap of $997.85 million, a price-to-earnings ratio of 9.68 and a beta of 0.85.

Amalgamated Financial (NASDAQ:AMAL - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.88 earnings per share for the quarter, meeting analysts' consensus estimates of $0.88. Amalgamated Financial had a net margin of 23.99% and a return on equity of 15.68%. The business had revenue of $79.69 million during the quarter, compared to analyst estimates of $74.78 million. During the same quarter in the previous year, the business posted $0.89 earnings per share. On average, sell-side analysts expect that Amalgamated Financial Corp. will post 3.65 EPS 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 given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Tuesday, May 6th. Amalgamated Financial's payout ratio is currently 16.62%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lowered their target price on shares of Amalgamated Financial from $41.00 to $39.00 and set an "outperform" rating for the company in a research note on Friday, April 25th.

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.

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