XTX Topco Ltd Has $209,000 Stock Position in Amalgamated Financial Corp. (NASDAQ:AMAL)

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

Several other institutional investors also recently modified their holdings of AMAL. Park Square Financial Group LLC purchased a new position in Amalgamated Financial during the fourth quarter valued at $41,000. GAMMA Investing LLC increased its position in shares of Amalgamated Financial by 4,136.8% during the 1st quarter. GAMMA Investing LLC now owns 4,830 shares of the company's stock valued at $139,000 after purchasing an additional 4,716 shares during the last quarter. New York State Common Retirement Fund lifted its holdings 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 worth $196,000 after buying an additional 500 shares during the period. Schonfeld Strategic Advisors LLC bought a new stake in Amalgamated Financial during the fourth quarter valued at about $224,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Amalgamated Financial in the fourth quarter worth about $227,000. 75.93% of the stock is currently owned by institutional investors.

Amalgamated Financial Stock Down 2.2%

Shares of NASDAQ:AMAL traded down $0.64 during trading on Friday, hitting $28.81. The company's stock had a trading volume of 151,337 shares, compared to its average volume of 216,033. The stock's 50-day moving average price is $30.89 and its two-hundred day moving average price is $30.54. 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 market capitalization of $867.47 million, a PE ratio of 8.63 and a beta of 0.89. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 0.64.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by ($0.02). The firm had revenue of $82.18 million for the quarter, compared to the consensus estimate of $82.52 million. Amalgamated Financial had a net margin of 23.60% and a return on equity of 15.21%. As a group, sell-side analysts expect that Amalgamated Financial Corp. will post 3.65 EPS for the current year.

Amalgamated Financial Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Keefe, Bruyette & Woods lowered their price objective 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. Piper Sandler downgraded Amalgamated Financial from a "neutral" rating to an "underweight" rating and dropped their price target for the stock from $34.00 to $27.00 in a research note on Tuesday, August 5th.

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.