Tudor Investment Corp ET AL Sells 9,343 Shares of Amalgamated Financial Corp. (NASDAQ:AMAL)

Tudor Investment Corp ET AL lessened its holdings in Amalgamated Financial Corp. (NASDAQ:AMAL) by 35.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 17,025 shares of the company’s stock after selling 9,343 shares during the period. Tudor Investment Corp ET AL owned 0.06% of Amalgamated Financial worth $570,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Barclays PLC lifted its holdings in shares of Amalgamated Financial by 91.7% in the third quarter. Barclays PLC now owns 119,165 shares of the company’s stock worth $3,739,000 after buying an additional 57,008 shares in the last quarter. Tidal Investments LLC bought a new position in shares of Amalgamated Financial during the 3rd quarter valued at about $496,000. JPMorgan Chase & Co. grew its position in shares of Amalgamated Financial by 18.7% during the third quarter. JPMorgan Chase & Co. now owns 567,609 shares of the company’s stock valued at $17,806,000 after purchasing an additional 89,444 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of Amalgamated Financial in the fourth quarter worth about $34,000. Finally, Ballentine Partners LLC boosted its stake in Amalgamated Financial by 15.8% during the fourth quarter. Ballentine Partners LLC now owns 16,712 shares of the company’s stock valued at $559,000 after buying an additional 2,283 shares during the last quarter. 75.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Amalgamated Financial news, EVP Tyrone Graham sold 3,317 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $30.50, for a total value of $101,168.50. Following the transaction, the executive vice president now owns 11,449 shares of the company’s stock, valued at $349,194.50. This represents a 22.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Sean Searby sold 3,000 shares of Amalgamated Financial 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 sale, the executive vice president now owns 17,639 shares of the company’s stock, valued at approximately $573,091.11. This trade represents a 14.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,926 shares of company stock valued at $243,070 in the last ninety days. 1.29% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AMAL. Keefe, Bruyette & Woods decreased 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, April 25th. Piper Sandler cut shares of Amalgamated Financial from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $42.00 to $38.00 in a research report on Friday, February 21st.

Amalgamated Financial Trading Up 3.7 %

Shares of AMAL stock opened at $30.38 on Friday. The company has a market cap of $932.27 million, a PE ratio of 8.81 and a beta of 0.86. Amalgamated Financial Corp. has a 1 year low of $24.02 and a 1 year high of $38.19. The stock’s 50 day simple moving average is $28.29 and its two-hundred day simple moving average is $32.50. 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) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.88 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.88. Amalgamated Financial had a return on equity of 16.49% and a net margin of 24.50%. The company had revenue of $79.69 million during the quarter, compared to the consensus estimate of $74.78 million. During the same period last year, the company earned $0.89 earnings per share. Research analysts predict that Amalgamated Financial Corp. will post 3.65 earnings per share for the current year.

Amalgamated Financial announced that its Board of Directors has initiated a share repurchase plan on Monday, March 10th that permits the company to repurchase $40.00 million in shares. This repurchase authorization permits the company to buy up to 4.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Amalgamated Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, May 6th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $0.56 annualized dividend and a yield of 1.84%. Amalgamated Financial’s payout ratio is 16.62%.

Amalgamated Financial Company 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.