Universal Beteiligungs und Servicegesellschaft mbH Invests $2.14 Million in Amalgamated Financial Corp. (NASDAQ:AMAL)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Amalgamated Financial Corp. (NASDAQ:AMAL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 63,855 shares of the company's stock, valued at approximately $2,137,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.21% of Amalgamated Financial as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in AMAL. Barclays PLC lifted its position in shares of Amalgamated Financial by 91.7% during the 3rd quarter. Barclays PLC now owns 119,165 shares of the company's stock worth $3,739,000 after purchasing an additional 57,008 shares during the last quarter. R Squared Ltd acquired a new position in shares of Amalgamated Financial during the 4th quarter worth about $38,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Amalgamated Financial during the 4th quarter worth about $469,000. Figure 8 Investment Strategies LLC acquired a new position in shares of Amalgamated Financial during the 4th quarter worth about $2,778,000. Finally, New York State Teachers Retirement System acquired a new position in shares of Amalgamated Financial during the 4th quarter worth about $55,000. Institutional investors and hedge funds own 75.93% of the company's stock.

Amalgamated Financial Stock Performance

Amalgamated Financial stock traded up $0.67 during trading hours on Friday, hitting $30.58. The stock had a trading volume of 93,511 shares, compared to its average volume of 191,261. The company has a 50-day moving average of $28.74 and a two-hundred day moving average of $31.86. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.10. The company has a market cap of $935.44 million, a PE ratio of 8.86 and a beta of 0.86. Amalgamated Financial Corp. has a fifty-two week low of $24.02 and a fifty-two week high of $38.19.

Amalgamated Financial (NASDAQ:AMAL - Get Free Report) last posted 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 firm had revenue of $79.69 million during the quarter, compared to analysts' expectations 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 firm posted $0.89 EPS. On average, equities research analysts anticipate that Amalgamated Financial Corp. will post 3.65 EPS for the current fiscal year.

Amalgamated Financial declared that its Board of Directors has initiated a share buyback program on Monday, March 10th that authorizes the company to repurchase $40.00 million in shares. This repurchase authorization authorizes the company to purchase up to 4.6% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its stock is undervalued.

Amalgamated Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 22nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.83%. Amalgamated Financial's payout ratio is presently 16.62%.

Wall Street Analyst Weigh In

AMAL has been the subject of several research analyst reports. Piper Sandler cut Amalgamated Financial from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $42.00 to $38.00 in a research report on Friday, February 21st. 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.

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.