Globeflex Capital L P Purchases 13,795 Shares of Amalgamated Financial Corp. $AMAL

Globeflex Capital L P grew its position in shares of Amalgamated Financial Corp. (NASDAQ:AMAL) by 14.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,947 shares of the company’s stock after acquiring an additional 13,795 shares during the quarter. Globeflex Capital L P owned about 0.36% of Amalgamated Financial worth $3,426,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Amalgamated Financial by 3.5% during the fourth quarter. Vanguard Group Inc. now owns 1,434,372 shares of the company’s stock valued at $45,943,000 after acquiring an additional 49,037 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Amalgamated Financial by 4.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,407,173 shares of the company’s stock valued at $38,205,000 after acquiring an additional 54,885 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Amalgamated Financial by 6.7% during the third quarter. American Century Companies Inc. now owns 589,033 shares of the company’s stock valued at $15,992,000 after acquiring an additional 36,851 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Amalgamated Financial by 63.7% during the third quarter. Millennium Management LLC now owns 522,598 shares of the company’s stock valued at $14,189,000 after acquiring an additional 203,440 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its holdings in Amalgamated Financial by 4.0% during the third quarter. Bridgeway Capital Management LLC now owns 298,215 shares of the company’s stock worth $8,097,000 after buying an additional 11,380 shares in the last quarter. Institutional investors own 75.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AMAL. Weiss Ratings raised Amalgamated Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Piper Sandler increased their price target on Amalgamated Financial from $41.00 to $44.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. Finally, Zacks Research lowered Amalgamated Financial from a “hold” rating to a “strong sell” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $44.00.

Amalgamated Financial Trading Up 4.0%

NASDAQ AMAL opened at $42.37 on Friday. The firm has a market capitalization of $1.27 billion, a P/E ratio of 12.32 and a beta of 0.80. The business has a fifty day simple moving average of $40.97 and a 200 day simple moving average of $37.33. Amalgamated Financial Corp. has a 12 month low of $25.13 and a 12 month high of $44.01. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.09.

Amalgamated Financial (NASDAQ:AMAL) last released its quarterly earnings results on Thursday, April 23rd. The company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.15). The company had revenue of $91.36 million during the quarter, compared to analysts’ expectations of $91.16 million. Amalgamated Financial had a net margin of 22.33% and a return on equity of 13.89%. On average, analysts predict that Amalgamated Financial Corp. will post 3.92 EPS for the current fiscal year.

Amalgamated Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Tuesday, May 5th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, May 5th. Amalgamated Financial’s dividend payout ratio is 19.77%.

Insider Transactions at Amalgamated Financial

In other Amalgamated Financial news, EVP Sean Searby sold 4,948 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $39.42, for a total value of $195,050.16. Following the completion of the transaction, the executive vice president owned 23,055 shares in the company, valued at $908,828.10. This represents a 17.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.63% of the stock is owned by company insiders.

About Amalgamated Financial

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.