Two Sigma Investments LP Sells 25,801 Shares of Amalgamated Financial Corp. (NASDAQ:AMAL)

Two Sigma Investments LP reduced its stake 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 fund owned 46,000 shares of the company's stock after selling 25,801 shares during the quarter. Two Sigma Investments LP owned 0.15% of Amalgamated Financial worth $1,540,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AMAL. Rafferty Asset Management LLC lifted its position in Amalgamated Financial by 12.6% in the fourth quarter. Rafferty Asset Management LLC now owns 35,188 shares of the company's stock worth $1,178,000 after purchasing an additional 3,950 shares during the period. Man Group plc bought a new position in shares of Amalgamated Financial during the 4th quarter worth about $721,000. Nia Impact Advisors LLC boosted its position in shares of Amalgamated Financial by 0.7% during the 4th quarter. Nia Impact Advisors LLC now owns 228,114 shares of the company's stock valued at $7,635,000 after acquiring an additional 1,646 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 valued at $341,000 after acquiring an additional 372 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in Amalgamated Financial by 22.5% in the fourth quarter. Lazard Asset Management LLC now owns 65,850 shares of the company's stock valued at $2,203,000 after acquiring an additional 12,086 shares during the period. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMAL has been the topic of a number of recent research reports. Piper Sandler downgraded Amalgamated Financial from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $42.00 to $38.00 in a report on Friday, February 21st. Keefe, Bruyette & Woods decreased their price target on Amalgamated Financial from $41.00 to $39.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th.

Amalgamated Financial Stock Up 2.2%

AMAL traded up $0.67 during trading on Friday, reaching $30.58. The company had a trading volume of 93,511 shares, compared to its average volume of 191,261. Amalgamated Financial Corp. has a 12 month low of $24.02 and a 12 month high of $38.19. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.63 and a quick ratio of 0.63. The business's fifty day moving average price is $28.74 and its 200 day moving average price is $31.86. The company has a market cap of $935.44 million, a P/E ratio of 8.86 and a beta of 0.86.

Amalgamated Financial (NASDAQ:AMAL - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.88 earnings per share for the quarter, hitting the consensus estimate of $0.88. Amalgamated Financial had a net margin of 24.50% and a return on equity of 16.49%. The company had revenue of $79.69 million for the quarter, compared to analyst estimates of $74.78 million. During the same period in the previous year, the business earned $0.89 EPS. 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 issued a $0.14 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $0.56 annualized dividend and a yield of 1.83%. Amalgamated Financial's dividend 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 buy 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.