Seizert Capital Partners LLC Has $3.58 Million Stake in Amalgamated Financial Corp. $AMAL

Seizert Capital Partners LLC raised its position in shares of Amalgamated Financial Corp. (NASDAQ:AMAL) by 2.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 114,825 shares of the company’s stock after purchasing an additional 2,550 shares during the quarter. Seizert Capital Partners LLC’s holdings in Amalgamated Financial were worth $3,583,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of AMAL. Summit Securities Group LLC acquired a new stake in shares of Amalgamated Financial in the first quarter worth $26,000. Signaturefd LLC grew its stake in Amalgamated Financial by 110.1% during the 2nd quarter. Signaturefd LLC now owns 1,523 shares of the company’s stock valued at $48,000 after acquiring an additional 798 shares in the last quarter. Virtus Advisers LLC acquired a new position in shares of Amalgamated Financial in the 1st quarter valued at about $51,000. EMC Capital Management acquired a new position in shares of Amalgamated Financial in the 2nd quarter valued at about $100,000. Finally, US Bancorp DE lifted its position in shares of Amalgamated Financial by 12.9% in the first quarter. US Bancorp DE now owns 3,343 shares of the company’s stock worth $96,000 after purchasing an additional 381 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Insider Activity

In related news, Director Lynne P. Fox sold 8,949 shares of the firm’s stock in a transaction on Friday, October 31st. The shares were sold at an average price of $27.34, for a total value of $244,665.66. Following the transaction, the director directly owned 22,276 shares in the company, valued at approximately $609,025.84. This trade represents a 28.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Julie Kelly sold 6,697 shares of the business’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $27.34, for a total transaction of $183,095.98. Following the transaction, the director directly owned 16,763 shares of the company’s stock, valued at approximately $458,300.42. This represents a 28.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 29,961 shares of company stock valued at $837,329 over the last three months. Corporate insiders own 1.29% of the company’s stock.

Wall Street Analyst Weigh In

AMAL has been the topic of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Amalgamated Financial in a research note on Thursday, October 30th. Piper Sandler upgraded shares of Amalgamated Financial from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $27.00 to $28.00 in a report on Wednesday. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $33.50.

Amalgamated Financial Stock Up 1.0%

AMAL stock opened at $27.02 on Wednesday. The firm has a market cap of $808.98 million, a PE ratio of 8.14 and a beta of 0.88. Amalgamated Financial Corp. has a 1 year low of $25.03 and a 1 year high of $37.86. The company has a fifty day simple moving average of $27.48 and a 200 day simple moving average of $29.34. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10.

Amalgamated Financial (NASDAQ:AMAL) last posted its earnings results on Monday, December 19th. The company reported $0.46 earnings per share for the quarter. The company had revenue of $49.68 million for the quarter. Amalgamated Financial had a return on equity of 14.75% and a net margin of 22.97%. Sell-side analysts anticipate that Amalgamated Financial Corp. will post 3.65 EPS for the current fiscal year.

Amalgamated Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Wednesday, November 5th will be given a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, November 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.1%. Amalgamated Financial’s dividend payout ratio (DPR) is currently 16.87%.

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.