3,489 Shares in Amalgamated Financial Corp. (NASDAQ:AMAL) Bought by AJOVista LLC

AJOVista LLC acquired a new position in Amalgamated Financial Corp. (NASDAQ:AMAL) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 3,489 shares of the company’s stock, valued at approximately $94,000.

Several other large investors have also made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Amalgamated Financial by 35.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,310 shares of the company’s stock valued at $170,000 after acquiring an additional 1,665 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Amalgamated Financial by 20.2% during the fourth quarter. New York State Common Retirement Fund now owns 9,914 shares of the company’s stock worth $267,000 after buying an additional 1,667 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Amalgamated Financial by 29.6% in the 4th quarter. SG Americas Securities LLC now owns 10,290 shares of the company’s stock valued at $277,000 after buying an additional 2,353 shares in the last quarter. Clean Yield Group lifted its holdings in shares of Amalgamated Financial by 3.5% during the 4th quarter. Clean Yield Group now owns 145,464 shares of the company’s stock worth $3,919,000 after acquiring an additional 4,960 shares during the period. Finally, Arjuna Capital increased its stake in Amalgamated Financial by 4.2% in the third quarter. Arjuna Capital now owns 157,546 shares of the company’s stock valued at $2,713,000 after acquiring an additional 6,343 shares during the period. Institutional investors and hedge funds own 75.93% of the company’s stock.

Amalgamated Financial Price Performance

Amalgamated Financial stock traded up $0.19 on Friday, reaching $25.38. The company’s stock had a trading volume of 89,818 shares, compared to its average volume of 115,293. Amalgamated Financial Corp. has a twelve month low of $14.05 and a twelve month high of $27.77. The company has a market cap of $774.09 million, a price-to-earnings ratio of 8.29 and a beta of 0.91. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.65 and a current ratio of 0.65. The business’s fifty day moving average price is $23.30 and its 200 day moving average price is $23.19.

Amalgamated Financial (NASDAQ:AMAL) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.11. Amalgamated Financial had a net margin of 23.22% and a return on equity of 16.81%. The firm had revenue of $107.16 million for the quarter, compared to analyst estimates of $75.77 million. During the same quarter in the prior year, the firm earned $0.74 EPS. Equities analysts expect that Amalgamated Financial Corp. will post 3.13 earnings per share for the current fiscal year.

Amalgamated Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.89%. This is a positive change from Amalgamated Financial’s previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, May 7th. Amalgamated Financial’s dividend payout ratio (DPR) is presently 13.07%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AMAL shares. Piper Sandler reissued an “overweight” rating and issued a $29.00 target price (up from $28.00) on shares of Amalgamated Financial in a report on Friday, April 26th. Keefe, Bruyette & Woods cut their price objective on Amalgamated Financial from $32.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, April 5th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Amalgamated Financial from $33.00 to $29.50 and set an “overweight” rating for the company in a research report on Thursday, April 4th.

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.