Los Angeles Capital Management LLC Has $777,000 Holdings in Amalgamated Financial Corp. $AMAL

Los Angeles Capital Management LLC lessened its holdings in Amalgamated Financial Corp. (NASDAQ:AMAL) by 47.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,902 shares of the company’s stock after selling 22,500 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.08% of Amalgamated Financial worth $777,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of AMAL. Summit Securities Group LLC acquired a new position in Amalgamated Financial in the first quarter valued at approximately $26,000. Signaturefd LLC raised its position in shares of Amalgamated Financial by 110.1% during the 2nd quarter. Signaturefd LLC now owns 1,523 shares of the company’s stock valued at $48,000 after acquiring an additional 798 shares during the last quarter. Virtus Advisers LLC acquired a new position in shares of Amalgamated Financial in the 1st quarter valued at $51,000. US Bancorp DE lifted its stake in shares of Amalgamated Financial by 12.9% in the 1st quarter. US Bancorp DE now owns 3,343 shares of the company’s stock valued at $96,000 after purchasing an additional 381 shares during the period. Finally, State of Wyoming boosted its position in shares of Amalgamated Financial by 23.3% in the 1st quarter. State of Wyoming now owns 3,717 shares of the company’s stock worth $107,000 after purchasing an additional 703 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on AMAL. Piper Sandler lowered Amalgamated Financial from a “neutral” rating to an “underweight” rating and cut their target price for the company from $34.00 to $27.00 in a research note on Tuesday, August 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Amalgamated Financial in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $33.00.

Insider Buying and Selling

In related news, Director Julie Kelly sold 6,697 shares of the stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $27.34, for a total transaction of $183,095.98. Following the completion of the transaction, the director directly owned 16,763 shares of the company’s stock, valued at approximately $458,300.42. This represents a 28.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Edgar Romney sold 6,697 shares of Amalgamated Financial stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $27.34, for a total value of $183,095.98. Following the transaction, the director owned 16,763 shares of the company’s stock, valued at $458,300.42. The trade was a 28.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 29,961 shares of company stock worth $837,329 over the last 90 days. 1.29% of the stock is currently owned by insiders.

Amalgamated Financial Stock Down 0.1%

NASDAQ:AMAL opened at $27.87 on Friday. Amalgamated Financial Corp. has a 1 year low of $25.03 and a 1 year high of $37.86. The stock has a 50-day moving average price of $27.58 and a two-hundred day moving average price of $29.36. The stock has a market cap of $834.43 million, a price-to-earnings ratio of 8.39 and a beta of 0.88. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10.

Amalgamated Financial (NASDAQ:AMAL) last released its quarterly earnings results on Monday, December 19th. The company reported $0.46 earnings per share for the quarter. The company had revenue of $49.68 million during the quarter. Amalgamated Financial had a net margin of 22.97% and a return on equity of 14.75%. As a group, equities analysts expect that Amalgamated Financial Corp. will post 3.65 earnings per share for the current year.

Amalgamated Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 20th. Stockholders of record on Wednesday, November 5th will be issued a $0.14 dividend. The ex-dividend date is Wednesday, November 5th. This represents a $0.56 annualized dividend and a dividend yield of 2.0%. Amalgamated Financial’s dividend payout ratio (DPR) is presently 16.87%.

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.