Two Sigma Investments LP Has $1.54 Million Stake in Amalgamated Financial Corp. (NASDAQ:AMAL)

Two Sigma Investments LP decreased its holdings in shares of Amalgamated Financial Corp. (NASDAQ:AMAL - Free Report) by 35.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,000 shares of the company's stock after selling 25,801 shares during the quarter. Two Sigma Investments LP owned about 0.15% of Amalgamated Financial worth $1,540,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Amalgamated Financial by 3.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,186 shares of the company's stock worth $341,000 after buying an additional 372 shares during the period. Sterling Capital Management LLC boosted its stake in Amalgamated Financial by 4.0% during the 4th quarter. Sterling Capital Management LLC now owns 13,175 shares of the company's stock worth $441,000 after acquiring an additional 512 shares during the last quarter. US Bancorp DE boosted its stake in 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 acquiring an additional 650 shares during the last quarter. Corton Capital Inc. boosted its stake in Amalgamated Financial by 12.3% during the 4th quarter. Corton Capital Inc. now owns 7,596 shares of the company's stock worth $254,000 after acquiring an additional 831 shares during the last quarter. Finally, Aquatic Capital Management LLC boosted its stake in Amalgamated Financial by 8.5% during the 4th quarter. Aquatic Capital Management LLC now owns 11,282 shares of the company's stock worth $378,000 after acquiring an additional 882 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of Amalgamated Financial from $41.00 to $39.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. Piper Sandler lowered shares of Amalgamated Financial from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $42.00 to $38.00 in a research note on Friday, February 21st.

Insider Transactions at Amalgamated Financial

In other news, EVP Tyrone Graham sold 869 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $29.73, for a total value of $25,835.37. Following the sale, the executive vice president now owns 10,580 shares of the company's stock, valued at $314,543.40. The trade was a 7.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.29% of the stock is currently owned by insiders.

Amalgamated Financial Stock Up 0.7%

AMAL traded up $0.20 during trading on Thursday, reaching $29.91. The company had a trading volume of 168,128 shares, compared to its average volume of 191,044. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.63 and a quick ratio of 0.63. Amalgamated Financial Corp. has a 12 month low of $24.02 and a 12 month high of $38.19. The business's fifty day moving average price is $28.68 and its 200 day moving average price is $31.93. The company has a market cap of $914.95 million, a P/E ratio of 8.67 and a beta of 0.86.

Amalgamated Financial (NASDAQ:AMAL - Get Free Report) last announced its quarterly earnings results 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 24.50% and a return on equity of 16.49%. The firm had revenue of $79.69 million for the quarter, compared to analyst estimates of $74.78 million. During the same quarter in the previous year, the firm posted $0.89 earnings per share. Equities analysts anticipate 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. Shareholders of record on Tuesday, May 6th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Tuesday, May 6th. Amalgamated Financial's payout ratio is currently 16.62%.

Amalgamated Financial declared that its Board of Directors 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 repurchase up to 4.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

Amalgamated Financial 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.