Susquehanna International Group LLP Sells 15,836 Shares of Amalgamated Financial Corp. $AMAL

Susquehanna International Group LLP decreased its holdings in shares of Amalgamated Financial Corp. (NASDAQ:AMAL) by 72.3% in the second quarter, HoldingsChannel reports. The fund owned 6,055 shares of the company’s stock after selling 15,836 shares during the quarter. Susquehanna International Group LLP’s holdings in Amalgamated Financial were worth $278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Amalgamated Financial by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,654 shares of the company’s stock valued at $306,000 after purchasing an additional 468 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Amalgamated Financial by 17.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 65,110 shares of the company’s stock worth $1,872,000 after buying an additional 9,500 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Amalgamated Financial by 373.1% in the first quarter. Jane Street Group LLC now owns 44,284 shares of the company’s stock worth $1,273,000 after buying an additional 34,923 shares during the period. Legal & General Group Plc lifted its position in shares of Amalgamated Financial by 11.6% during the 2nd quarter. Legal & General Group Plc now owns 21,476 shares of the company’s stock valued at $670,000 after buying an additional 2,231 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Amalgamated Financial by 27.9% during the 2nd quarter. Rhumbline Advisers now owns 35,442 shares of the company’s stock valued at $1,106,000 after acquiring an additional 7,741 shares during the period. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Amalgamated Financial

In related news, CFO Jason Darby sold 3,000 shares of the company’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $43.30, for a total transaction of $129,900.00. Following the completion of the transaction, the chief financial officer owned 79,343 shares in the company, valued at approximately $3,435,551.90. This represents a 3.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Maryann Bruce sold 2,138 shares of the firm’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $49.55, for a total transaction of $105,937.90. Following the transaction, the director directly owned 17,804 shares of the company’s stock, valued at $882,188.20. The trade was a 10.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 9,727 shares of company stock valued at $431,077. 1.63% of the stock is currently owned by corporate insiders.

Amalgamated Financial Stock Performance

NASDAQ:AMAL opened at $47.34 on Wednesday. The stock has a 50-day moving average price of $48.22 and a 200 day moving average price of $43.36. The stock has a market capitalization of $1.42 billion, a P/E ratio of 12.62 and a beta of 0.79. Amalgamated Financial Corp. has a 12-month low of $25.13 and a 12-month high of $51.59. The company has a current ratio of 0.64, a quick ratio of 0.63 and a debt-to-equity ratio of 0.08.

Amalgamated Financial (NASDAQ:AMAL) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.10. Amalgamated Financial had a return on equity of 14.30% and a net margin of 23.34%.The company had revenue of $96.10 million for the quarter, compared to analysts’ expectations of $92.09 million. Equities research analysts forecast that Amalgamated Financial Corp. will post 4.06 EPS for the current fiscal year.

Amalgamated Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Tuesday, August 4th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, August 4th. Amalgamated Financial’s payout ratio is 18.13%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AMAL. Weiss Ratings raised shares of Amalgamated Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, August 5th. Keefe, Bruyette & Woods increased their price objective on shares of Amalgamated Financial from $53.00 to $54.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Zacks Research upgraded shares of Amalgamated Financial from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. Finally, Piper Sandler lifted their target price on shares of Amalgamated Financial from $48.00 to $53.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $53.50.

Amalgamated Financial 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.