Penserra Capital Management LLC acquired a new stake in Amalgamated Financial Corp. (NASDAQ:AMAL – Get Rating) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,454 shares of the company's stock, valued at approximately $122,000.
Other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its stake in Amalgamated Financial by 96.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,100 shares of the company's stock valued at $25,000 after buying an additional 540 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Amalgamated Financial in the 2nd quarter valued at $87,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Amalgamated Financial in the 2nd quarter valued at $99,000. Lazard Asset Management LLC increased its stake in Amalgamated Financial by 59.0% in the 2nd quarter. Lazard Asset Management LLC now owns 5,059 shares of the company's stock valued at $100,000 after buying an additional 1,878 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Amalgamated Financial during the 2nd quarter worth $126,000. 48.99% of the stock is owned by institutional investors and hedge funds.
Get Amalgamated Financial alerts:Amalgamated Financial Price Performance
Shares of NASDAQ AMAL opened at $23.32 on Tuesday. Amalgamated Financial Corp. has a one year low of $16.05 and a one year high of $27.33. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.58 and a current ratio of 0.58. The company's fifty day moving average is $23.24 and its two-hundred day moving average is $23.63. The firm has a market capitalization of $715.22 million, a P/E ratio of 8.90 and a beta of 0.81.
Amalgamated Financial (NASDAQ:AMAL – Get Rating) last released its quarterly earnings data on Thursday, January 26th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.73 by $0.10. Amalgamated Financial had a net margin of 28.85% and a return on equity of 16.72%. The business had revenue of $71.57 million for the quarter, compared to analyst estimates of $73.11 million. Analysts forecast that Amalgamated Financial Corp. will post 3.1 EPS for the current fiscal year.
Amalgamated Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 20th. Investors of record on Monday, February 6th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, February 3rd. This represents a $0.40 annualized dividend and a dividend yield of 1.72%. Amalgamated Financial's dividend payout ratio is presently 15.27%.
Analyst Ratings Changes
Several brokerages have commented on AMAL. Piper Sandler decreased their target price on shares of Amalgamated Financial from $29.00 to $28.00 and set an "overweight" rating on the stock in a research report on Tuesday, December 20th. Keefe, Bruyette & Woods decreased their target price on shares of Amalgamated Financial from $32.00 to $29.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 31st.
Amalgamated Financial Profile
(Get Rating)
Amalgamated Financial Corp. operates as a holding company for Amalgamated Bank. It offers commercial and retail banking, investment management, and trust custody segments. The company was founded in 1923 and is headquartered in New York, NY.
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