Amalgamated Financial Corp. (NASDAQ:AMAL) Shares Sold by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL trimmed its holdings in shares of Amalgamated Financial Corp. (NASDAQ:AMAL - Free Report) by 35.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,025 shares of the company's stock after selling 9,343 shares during the period. Tudor Investment Corp ET AL owned 0.06% of Amalgamated Financial worth $570,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in AMAL. USA Financial Formulas acquired a new stake in shares of Amalgamated Financial during the 4th quarter valued at $34,000. R Squared Ltd acquired a new stake in Amalgamated Financial during the fourth quarter worth about $38,000. New York State Teachers Retirement System bought a new stake in Amalgamated Financial in the 4th quarter valued at $55,000. KLP Kapitalforvaltning AS acquired a new stake in Amalgamated Financial in the 4th quarter valued at $90,000. Finally, US Bancorp DE grew its stake in Amalgamated Financial by 28.1% during the fourth quarter. US Bancorp DE now owns 2,962 shares of the company's stock worth $99,000 after buying an additional 650 shares during the last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods lowered their price target 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. Piper Sandler lowered Amalgamated Financial from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $42.00 to $38.00 in a research report on Friday, February 21st.

Amalgamated Financial Price Performance

NASDAQ:AMAL traded up $1.05 during trading hours on Monday, hitting $31.33. The company's stock had a trading volume of 168,198 shares, compared to its average volume of 187,321. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $961.42 million, a P/E ratio of 9.08 and a beta of 0.86. Amalgamated Financial Corp. has a twelve month low of $24.02 and a twelve month high of $38.19. The stock has a fifty day simple moving average of $28.29 and a 200-day simple moving average of $32.46.

Amalgamated Financial (NASDAQ:AMAL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.88 earnings per share for the quarter, meeting the consensus estimate of $0.88. Amalgamated Financial had a net margin of 24.50% and a return on equity of 16.49%. The firm had revenue of $79.69 million for the quarter, compared to analyst estimates of $74.78 million. During the same quarter in the prior year, the business earned $0.89 earnings per share. On average, analysts anticipate that Amalgamated Financial Corp. will post 3.65 EPS for the current fiscal year.

Amalgamated Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Stockholders of record on Tuesday, May 6th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Tuesday, May 6th. Amalgamated Financial's dividend payout ratio is currently 16.62%.

Amalgamated Financial announced that its Board of Directors has authorized a share repurchase plan on Monday, March 10th that authorizes the company to buyback $40.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 4.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Insider Transactions at Amalgamated Financial

In other news, EVP Sean Searby sold 3,000 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $32.49, for a total value of $97,470.00. Following the sale, the executive vice president now directly owns 17,639 shares in the company, valued at $573,091.11. The trade was a 14.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Tyrone Graham sold 3,317 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $30.50, for a total transaction of $101,168.50. Following the completion of the sale, the executive vice president now directly owns 11,449 shares of the company's stock, valued at approximately $349,194.50. The trade was a 22.46% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,926 shares of company stock valued at $243,070. Insiders own 1.29% of the company's stock.

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.