Amalgamated Financial (NASDAQ:AMAL) Stock: Insider States Regional Joint Western Sells 92,809 Shares

Amalgamated Financial Corp. (NASDAQ:AMAL – Get Free Report) major shareholder States Regional Joint Western sold 92,809 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $50.86, for a total value of $4,720,265.74. Following the completion of the sale, the insider directly owned 6,747,407 shares in the company, valued at $343,173,120.02. This trade represents a 1.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

States Regional Joint Western also recently made the following trade(s):

  • On Tuesday, November 3rd, States Regional Joint Western sold 16,000 shares of Amalgamated Financial stock. The stock was sold at an average price of $50.02, for a total value of $800,320.00.
  • On Monday, November 2nd, States Regional Joint Western sold 30,000 shares of Amalgamated Financial stock. The stock was sold at an average price of $50.81, for a total value of $1,524,300.00.
  • On Friday, October 30th, States Regional Joint Western sold 30,000 shares of Amalgamated Financial stock. The stock was sold at an average price of $49.97, for a total value of $1,499,100.00.
  • On Monday, September 14th, States Regional Joint Western sold 228,284 shares of Amalgamated Financial stock. The shares were sold at an average price of $47.84, for a total value of $10,921,106.56.
  • On Friday, September 11th, States Regional Joint Western sold 234,128 shares of Amalgamated Financial stock. The stock was sold at an average price of $47.88, for a total transaction of $11,210,048.64.
  • On Wednesday, September 9th, States Regional Joint Western sold 79,649 shares of Amalgamated Financial stock. The stock was sold at an average price of $47.91, for a total transaction of $3,815,983.59.
  • On Tuesday, September 8th, States Regional Joint Western sold 42,910 shares of Amalgamated Financial stock. The stock was sold at an average price of $48.56, for a total transaction of $2,083,709.60.
  • On Friday, September 4th, States Regional Joint Western sold 68,783 shares of Amalgamated Financial stock. The shares were sold at an average price of $49.20, for a total transaction of $3,384,123.60.
  • On Thursday, September 3rd, States Regional Joint Western sold 44,658 shares of Amalgamated Financial stock. The shares were sold at an average price of $49.43, for a total transaction of $2,207,444.94.
  • On Wednesday, September 2nd, States Regional Joint Western sold 44,244 shares of Amalgamated Financial stock. The shares were sold at an average price of $48.19, for a total transaction of $2,132,118.36.

Amalgamated Financial Price Performance

Shares of Amalgamated Financial stock opened at $49.56 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market cap of $1.47 billion, a PE ratio of 12.18 and a beta of 0.76. The firm has a fifty day moving average price of $48.24 and a two-hundred day moving average price of $44.21. Amalgamated Financial Corp. has a fifty-two week low of $26.61 and a fifty-two week high of $52.30.

Amalgamated Financial (NASDAQ:AMAL – Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.06. The company had revenue of $99.17 million for the quarter, compared to the consensus estimate of $99.26 million. Amalgamated Financial had a net margin of 24.57% and a return on equity of 14.91%. Analysts expect that Amalgamated Financial Corp. will post 4.13 EPS for the current year.

Amalgamated Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 19th. Investors of record on Tuesday, November 3rd will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, November 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 1.4%. Amalgamated Financial’s dividend payout ratio (DPR) is 16.71%.

Institutional Trading of Amalgamated Financial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMAL. R Squared Ltd boosted its holdings in Amalgamated Financial by 13.1% during the third quarter. R Squared Ltd now owns 16,214 shares of the company’s stock valued at $771,000 after purchasing an additional 1,880 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Amalgamated Financial by 4.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 17,835 shares of the company’s stock worth $853,000 after buying an additional 751 shares during the period. Ethic Inc. lifted its position in shares of Amalgamated Financial by 217.4% during the 3rd quarter. Ethic Inc. now owns 30,799 shares of the company’s stock worth $1,465,000 after buying an additional 21,094 shares during the period. Abacus Wealth Partners LLC boosted its stake in Amalgamated Financial by 6.9% in the 3rd quarter. Abacus Wealth Partners LLC now owns 47,487 shares of the company’s stock valued at $2,259,000 after buying an additional 3,081 shares in the last quarter. Finally, Compass Financial Management LLC boosted its stake in Amalgamated Financial by 558.3% in the 3rd quarter. Compass Financial Management LLC now owns 7,834 shares of the company’s stock valued at $373,000 after buying an additional 6,644 shares in the last quarter. Institutional investors own 75.93% of the company’s stock.

Analyst Ratings Changes

AMAL has been the subject of several recent research reports. Raymond James Financial started coverage on Amalgamated Financial in a report on Thursday, September 3rd. They issued an “outperform” rating and a $55.00 price target for the company. Piper Sandler raised their price objective on Amalgamated Financial from $48.00 to $53.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Weiss Ratings lowered Amalgamated Financial from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, October 23rd. Finally, Keefe, Bruyette & Woods lifted their price objective on Amalgamated Financial from $53.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Amalgamated Financial presently has an average rating of “Moderate Buy” and an average price target of $54.00.

Read Our Latest Stock Report on AMAL

About Amalgamated Financial

(Get Free Report)

Amalgamated Financial Corporation (NASDAQ:AMAL) is the parent company of Amalgamated Bank, a commercial bank that provides banking, lending and financial services to businesses, nonprofit organizations, labor unions, political organizations and individual consumers. The bank is known for serving mission-driven and socially responsible organizations, as well as customers seeking conventional banking products.

Amalgamated Bank offers commercial and consumer deposits, commercial and real estate lending, treasury management, online and mobile banking, payment services, and investment management.

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Insider Buying and Selling by Quarter for Amalgamated Financial (NASDAQ:AMAL)

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