Seizert Capital Partners LLC Acquires 56,004 Shares of Amalgamated Financial Corp. (NASDAQ:AMAL)

Seizert Capital Partners LLC raised its holdings in Amalgamated Financial Corp. (NASDAQ:AMAL) by 98.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 112,767 shares of the company’s stock after buying an additional 56,004 shares during the quarter. Seizert Capital Partners LLC’s holdings in Amalgamated Financial were worth $3,774,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. US Bancorp DE lifted its stake in shares of Amalgamated Financial by 28.4% in the third quarter. US Bancorp DE now owns 2,312 shares of the company’s stock valued at $73,000 after buying an additional 512 shares in the last quarter. USA Financial Formulas bought a new position in shares of Amalgamated Financial during the fourth quarter valued at about $34,000. R Squared Ltd bought a new position in shares of Amalgamated Financial during the fourth quarter valued at about $38,000. Martingale Asset Management L P lifted its position in shares of Amalgamated Financial by 2.0% during the third quarter. Martingale Asset Management L P now owns 72,873 shares of the company’s stock valued at $2,286,000 after purchasing an additional 1,450 shares in the last quarter. Finally, New York State Teachers Retirement System bought a new position in shares of Amalgamated Financial during the fourth quarter valued at about $55,000. 75.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AMAL shares. Piper Sandler lowered shares of Amalgamated Financial from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $42.00 to $38.00 in a research report on Friday, February 21st. Keefe, Bruyette & Woods raised their price target on shares of Amalgamated Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th.

Insider Transactions at Amalgamated Financial

In other news, EVP Sean Searby sold 3,000 shares of Amalgamated Financial 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 completion of the transaction, the executive vice president now owns 17,639 shares in the company, valued at $573,091.11. This trade represents a 14.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder States Regional Joint Western sold 1,327 shares of Amalgamated Financial stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $34.29, for a total transaction of $45,502.83. Following the completion of the transaction, the insider now owns 7,121,506 shares of the company’s stock, valued at $244,196,440.74. The trade was a 0.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,730 shares of company stock worth $908,522 over the last quarter. Corporate insiders own 0.90% of the company’s stock.

Amalgamated Financial Stock Performance

NASDAQ AMAL opened at $30.69 on Wednesday. Amalgamated Financial Corp. has a 52-week low of $21.33 and a 52-week high of $38.19. The company has a 50-day simple moving average of $34.36 and a 200 day simple moving average of $33.72. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $941.23 million, a PE ratio of 8.90 and a beta of 0.92.

Amalgamated Financial (NASDAQ:AMAL) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.03. Amalgamated Financial had a net margin of 24.50% and a return on equity of 16.49%. On average, research analysts predict that Amalgamated Financial Corp. will post 3.65 EPS for the current year.

Amalgamated Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th were paid a $0.14 dividend. This is an increase from Amalgamated Financial’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.56 annualized dividend and a dividend yield of 1.82%. Amalgamated Financial’s dividend payout ratio (DPR) is presently 16.23%.

Amalgamated Financial 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.