1 week Ago By Defense World Staff
Invesco Ltd. trimmed its stake in shares of Amalgamated Financial Corp. ( NASDAQ:AMAL – Free Report ) by 3.
1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 142,264 shares of the company’s stock after selling 4,484 shares during the quarter. Invesco Ltd.
owned about 0.46% of Amalgamated Financial worth $4,762,000 as of its most recent filing with the Securities and Exchange Commission. Several other large investors have also modified their holdings of the stock.
USA Financial Formulas acquired a new position in Amalgamated Financial in the 4th quarter valued at $34,000. R Squared Ltd purchased a new stake in Amalgamated Financial in the 4th quarter valued at approximately $38,000. New York State Teachers Retirement System acquired a new position in Amalgamated Financial during the 4th quarter worth approximately $55,000.
KLP Kapitalforvaltning AS purchased a new position in shares of Amalgamated Financial during the 4th quarter worth approximately $90,000. Finally, US Bancorp DE raised its stake in shares of Amalgamated Financial by 28.1% during the 4th quarter.
US Bancorp DE now owns 2,962 shares of the company’s stock worth $99,000 after buying an additional 650 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company’s stock.
Analyst Upgrades and Downgrades A number of brokerages recently weighed in on AMAL. Keefe, Bruyette & Woods dropped their price objective on Amalgamated Financial from $41.00 to $39.
00 and set an “outperform” rating on the stock in a report on Friday. Piper Sandler cut shares of Amalgamated Financial from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $42.00 to $38.
00 in a research note on Friday, February 21st. Insider Buying and Selling at Amalgamated Financial In related news, Director Maryann Bruce sold 4,403 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $33.
77, for a total value of $148,689.31. Following the sale, the director now owns 18,319 shares of the company’s stock, valued at approximately $618,632.
63. This represents a 19.38 % decrease in their position.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, EVP Sean Searby sold 3,000 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $32.
49, for a total value of $97,470.00. Following the transaction, the executive vice president now directly owns 17,639 shares of the company’s stock, valued at $573,091.
11. The trade was a 14.54 % decrease in their position.
The disclosure for this sale can be found here . Insiders have sold 31,656 shares of company stock valued at $1,054,122 over the last quarter. Corporate insiders own 1.
29% of the company’s stock. Amalgamated Financial Stock Performance AMAL opened at $27.96 on Friday.
Amalgamated Financial Corp. has a 1-year low of $24.02 and a 1-year high of $38.
19. The stock has a market cap of $858.01 million, a P/E ratio of 8.
10 and a beta of 0.75. The stock’s 50 day simple moving average is $28.
99 and its 200 day simple moving average is $32.79. The company has a debt-to-equity ratio of 0.
10, a current ratio of 0.63 and a quick ratio of 0.63.
Amalgamated Financial ( NASDAQ:AMAL – Get Free Report ) last posted its earnings results on Thursday, April 24th. The company reported $0.88 earnings per share for the quarter, meeting the consensus estimate of $0.
88. The company had revenue of $79.69 million for the quarter, compared to analyst estimates of $74.
78 million. Amalgamated Financial had a return on equity of 16.49% and a net margin of 24.
50%. During the same quarter in the prior year, the company earned $0.89 earnings per share.
As a group, equities analysts anticipate that Amalgamated Financial Corp. will post 3.65 EPS for the current fiscal year.
Amalgamated Financial Announces Dividend The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 22nd. Shareholders of record on Tuesday, May 6th will be given a dividend of $0.14 per share.
This represents a $0.56 dividend on an annualized basis and a yield of 2.00%.
The ex-dividend date is Tuesday, May 6th. Amalgamated Financial’s payout ratio is currently 16.23%.
Amalgamated Financial announced that its board has initiated a stock buyback program on Monday, March 10th that permits the company to buyback $40.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 4.
6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued. About Amalgamated Financial ( Free Report ) 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. Featured Stories Five stocks we like better than Amalgamated Financial Learn Technical Analysis Skills to Master the Stock Market Markets Think Robinhood Earnings Could Send the Stock Up 3 Home Improvement Stocks that Can Upgrade Your Portfolio Churchill Downs Stock: Could Tariff Fears Dampen Derby Gains? How to Calculate Stock Profit AT&T: Subscriber Growth & Buybacks Signal Bullish Turnaround Receive News & Ratings for Amalgamated Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amalgamated Financial and related companies with MarketBeat.
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