Xponance Inc. Takes Position in Amalgamated Financial Corp. (NASDAQ:AMAL)

Xponance Inc. acquired a new stake in Amalgamated Financial Corp. (NASDAQ:AMAL - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,388 shares of the company's stock, valued at approximately $241,000.

Other large investors have also made changes to their positions in the company. 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. Raymond James Financial Inc. acquired a new position in Amalgamated Financial during the fourth quarter worth $2,244,000. Thrivent Financial for Lutherans raised its position in Amalgamated Financial by 86.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 86,738 shares of the company's stock worth $2,903,000 after acquiring an additional 40,318 shares during the period. Intech Investment Management LLC acquired a new position in Amalgamated Financial during the fourth quarter worth $282,000. Finally, Teacher Retirement System of Texas raised its position in Amalgamated Financial by 40.4% during the fourth quarter. Teacher Retirement System of Texas now owns 49,791 shares of the company's stock worth $1,667,000 after acquiring an additional 14,329 shares during the period. 75.93% of the stock is owned by hedge funds and other institutional investors.

Amalgamated Financial Stock Up 0.3%

Shares of NASDAQ:AMAL opened at $32.99 on Friday. The firm's 50 day moving average price is $31.19 and its 200 day moving average price is $31.16. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 9.79 and a beta of 0.85. Amalgamated Financial Corp. has a fifty-two week low of $25.03 and a fifty-two week high of $38.19. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.09.

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 analysts' consensus estimates of $0.88. Amalgamated Financial had a net margin of 23.99% and a return on equity of 15.68%. The company had revenue of $79.69 million for the quarter, compared to analysts' expectations of $74.78 million. During the same quarter last year, the company earned $0.89 earnings per share. As a group, equities research analysts predict that Amalgamated Financial Corp. will post 3.65 earnings per share for the current fiscal year.

Amalgamated Financial Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.70%. Amalgamated Financial's dividend payout ratio (DPR) is presently 16.62%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reduced 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 report on Friday, April 25th.

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.

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