Insider Selling: Amalgamated Financial Corp. (NASDAQ:AMAL) CFO Sells $146,360.00 in Stock

Amalgamated Financial Corp. (NASDAQ:AMAL) CFO Jason Darby sold 4,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $36.59, for a total value of $146,360.00. Following the completion of the transaction, the chief financial officer now owns 50,208 shares of the company’s stock, valued at approximately $1,837,110.72. The trade was a 7.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Amalgamated Financial Trading Down 2.5 %

Amalgamated Financial stock opened at $35.56 on Friday. The firm has a market cap of $1.09 billion, a PE ratio of 10.46 and a beta of 0.91. Amalgamated Financial Corp. has a 12 month low of $20.39 and a 12 month high of $38.19. The stock’s 50 day simple moving average is $32.88 and its two-hundred day simple moving average is $29.56. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.10.

Amalgamated Financial (NASDAQ:AMAL) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. Amalgamated Financial had a net margin of 24.19% and a return on equity of 16.00%. The firm had revenue of $111.76 million for the quarter, compared to the consensus estimate of $79.50 million. During the same period in the prior year, the firm posted $0.76 earnings per share. Analysts anticipate that Amalgamated Financial Corp. will post 3.46 earnings per share for the current year.

Amalgamated Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Investors of record on Tuesday, November 5th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, November 5th. This represents a $0.48 annualized dividend and a dividend yield of 1.35%. Amalgamated Financial’s dividend payout ratio is presently 14.12%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $35.00 price target (up from $30.00) on shares of Amalgamated Financial in a report on Monday, July 29th.

Hedge Funds Weigh In On Amalgamated Financial

A number of large investors have recently bought and sold shares of the business. CWM LLC raised its stake in shares of Amalgamated Financial by 679.7% during the 2nd quarter. CWM LLC now owns 1,380 shares of the company’s stock worth $38,000 after buying an additional 1,203 shares during the period. US Bancorp DE increased its holdings in Amalgamated Financial by 28.4% in the 3rd quarter. US Bancorp DE now owns 2,312 shares of the company’s stock worth $73,000 after acquiring an additional 512 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in Amalgamated Financial by 12.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 4,816 shares of the company’s stock worth $126,000 after acquiring an additional 528 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Amalgamated Financial during the first quarter valued at $126,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Amalgamated Financial in the third quarter valued at about $214,000. Institutional investors and hedge funds own 75.93% 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.