Tyrone Graham Sells 501 Shares of Amalgamated Financial (NASDAQ:AMAL) Stock

Amalgamated Financial Corp. (NASDAQ:AMAL) EVP Tyrone Graham sold 501 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $38.88, for a total transaction of $19,478.88. Following the transaction, the executive vice president directly owned 15,539 shares of the company’s stock, valued at $604,156.32. The trade was a 3.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Tyrone Graham also recently made the following trade(s):

• On Friday, February 20th, Tyrone Graham sold 2,285 shares of Amalgamated Financial stock. The stock was sold at an average price of $39.91, for a total transaction of $91,194.35.

Amalgamated Financial Trading Down 1.9%

NASDAQ AMAL traded down $0.72 on Friday, reaching $37.80. The company had a trading volume of 125,290 shares, compared to its average volume of 157,850. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 11.09 and a beta of 0.81. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.64 and a quick ratio of 0.64. Amalgamated Financial Corp. has a fifty-two week low of $25.03 and a fifty-two week high of $42.65. The business has a 50 day moving average of $37.46 and a two-hundred day moving average of $31.82.

Amalgamated Financial (NASDAQ:AMAL) last released its quarterly earnings results on Thursday, January 22nd. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.08. Amalgamated Financial had a return on equity of 14.80% and a net margin of 23.05%.The firm had revenue of $87.91 million for the quarter, compared to analyst estimates of $85.37 million. Analysts forecast that Amalgamated Financial Corp. will post 3.65 EPS for the current year.

Amalgamated Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Tuesday, February 3rd were given a $0.17 dividend. This is an increase from Amalgamated Financial’s previous quarterly dividend of $0.14. The ex-dividend date was Tuesday, February 3rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.8%. Amalgamated Financial’s dividend payout ratio is presently 19.94%.

Institutional Trading of Amalgamated Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue bought a new position in shares of Amalgamated Financial in the third quarter valued at approximately $33,000. Osaic Holdings Inc. raised its position in Amalgamated Financial by 56.7% in the 2nd quarter. Osaic Holdings Inc. now owns 1,080 shares of the company’s stock valued at $34,000 after buying an additional 391 shares during the last quarter. Arax Advisory Partners lifted its stake in Amalgamated Financial by 187.1% during the 4th quarter. Arax Advisory Partners now owns 1,269 shares of the company’s stock valued at $41,000 after acquiring an additional 827 shares in the last quarter. CWM LLC boosted its holdings in Amalgamated Financial by 41.2% during the 4th quarter. CWM LLC now owns 1,880 shares of the company’s stock worth $60,000 after acquiring an additional 549 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Amalgamated Financial by 140.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,014 shares of the company’s stock worth $63,000 after acquiring an additional 1,177 shares during the last quarter. 75.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on AMAL shares. Weiss Ratings raised shares of Amalgamated Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 26th. Piper Sandler raised shares of Amalgamated Financial from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $27.00 to $28.00 in a research report on Wednesday, November 19th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.50.

Amalgamated Financial Company Profile

Amalgamated Financial Corp. (NASDAQ: AMAL) is the bank holding company for Amalgamated Bank, a fully insured commercial bank with a historic mission of serving labor unions, progressive non-profits and mission-driven organizations. Founded in 1923 by the Amalgamated Clothing Workers of America, Amalgamated Bank has grown into a national institution offering a broad suite of banking services, including deposit accounts, commercial and consumer lending, cash management, and treasury solutions tailored to organizations with social responsibility or union affiliations.

In addition to core banking, Amalgamated Financial provides wealth management and trust services, retirement plan consulting and impact investing strategies.