Xponance Inc. Takes $241,000 Position in Amalgamated Financial Corp. (NASDAQ:AMAL)

Xponance Inc. acquired a new stake in shares of Amalgamated Financial Corp. (NASDAQ:AMAL - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,388 shares of the company's stock, valued at approximately $241,000.

A number of other large investors have also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Amalgamated Financial by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,186 shares of the company's stock valued at $341,000 after purchasing an additional 372 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in Amalgamated Financial by 1.5% in the first quarter. SummerHaven Investment Management LLC now owns 28,696 shares of the company's stock valued at $825,000 after purchasing an additional 411 shares during the last quarter. Sterling Capital Management LLC raised its position in shares of Amalgamated Financial by 4.0% in the fourth 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 period. Principal Financial Group Inc. raised its position in shares of Amalgamated Financial by 2.8% in the first quarter. Principal Financial Group Inc. now owns 19,529 shares of the company's stock worth $561,000 after acquiring an additional 537 shares during the period. Finally, Corton Capital Inc. raised its position in shares of Amalgamated Financial by 12.3% in the fourth 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 period. 75.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods decreased their price objective 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 Price Performance

Shares of AMAL traded up $0.41 during mid-day trading on Wednesday, hitting $33.22. 171,245 shares of the company were exchanged, compared to its average volume of 196,880. 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 quick ratio of 0.65 and a current ratio of 0.65. The company has a 50 day moving average of $31.30 and a 200-day moving average of $31.17. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 9.86 and a beta of 0.85.

Amalgamated Financial (NASDAQ:AMAL - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.88 EPS for the quarter, meeting analysts' consensus estimates of $0.88. The company had revenue of $79.69 million during the quarter, compared to the consensus estimate of $74.78 million. Amalgamated Financial had a net margin of 23.99% and a return on equity of 15.68%. During the same quarter in the prior year, the firm earned $0.89 EPS. Analysts expect that Amalgamated Financial Corp. will post 3.65 EPS for the current fiscal year.

Amalgamated Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 21st. Shareholders of record on Tuesday, August 5th were issued a $0.14 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $0.56 dividend on an annualized basis and a yield of 1.69%. Amalgamated Financial's payout ratio is 16.62%.

About Amalgamated Financial

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.