XTX Topco Ltd Sells 8,589 Shares of Amalgamated Financial Corp. (NASDAQ:AMAL)

XTX Topco Ltd reduced its stake in shares of Amalgamated Financial Corp. (NASDAQ:AMAL - Free Report) by 54.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,265 shares of the company's stock after selling 8,589 shares during the quarter. XTX Topco Ltd's holdings in Amalgamated Financial were worth $209,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 acquiring an additional 372 shares during the period. SummerHaven Investment Management LLC lifted its holdings in shares of Amalgamated Financial by 1.5% during the 1st 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 in the last quarter. New York State Common Retirement Fund grew its position in shares of Amalgamated Financial by 7.9% in the 1st quarter. New York State Common Retirement Fund now owns 6,811 shares of the company's stock valued at $196,000 after purchasing an additional 500 shares during the period. Sterling Capital Management LLC increased 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 purchasing an additional 512 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Amalgamated Financial by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 19,529 shares of the company's stock worth $561,000 after buying an additional 537 shares during the period. 75.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on AMAL. Keefe, Bruyette & Woods reduced their price target on shares of Amalgamated Financial from $41.00 to $39.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Piper Sandler cut shares of Amalgamated Financial from a "neutral" rating to an "underweight" rating and cut their price objective for the company from $34.00 to $27.00 in a research report on Tuesday, August 5th.

Amalgamated Financial Stock Down 2.2%

Shares of NASDAQ:AMAL traded down $0.64 during mid-day trading on Friday, reaching $28.81. 151,337 shares of the stock were exchanged, compared to its average volume of 200,620. The stock's 50 day simple moving average is $30.85 and its 200-day simple moving average is $30.48. Amalgamated Financial Corp. has a one year low of $25.03 and a one year high of $38.19. The company has a market cap of $867.47 million, a P/E ratio of 8.63 and a beta of 0.89. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.10.

Amalgamated Financial (NASDAQ:AMAL - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.02). Amalgamated Financial had a return on equity of 15.21% and a net margin of 23.60%. The business had revenue of $82.18 million for the quarter, compared to the consensus estimate of $82.52 million. As a group, equities research analysts predict that Amalgamated Financial Corp. will post 3.65 EPS for the current year.

Amalgamated Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 21st. Stockholders of record on Tuesday, August 5th will be issued a $0.14 dividend. The ex-dividend date is Tuesday, August 5th. This represents a $0.56 annualized dividend and a dividend yield of 1.9%. Amalgamated Financial's dividend payout ratio (DPR) is presently 16.77%.

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.