Amalgamated Financial Corp. (NASDAQ:AMAL) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in Amalgamated Financial Corp. (NASDAQ:AMAL) by 3.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,157,594 shares of the company’s stock after purchasing an additional 43,213 shares during the period. Dimensional Fund Advisors LP owned about 3.79% of Amalgamated Financial worth $31,716,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. CWM LLC boosted its position in shares of Amalgamated Financial by 679.7% in the 2nd quarter. CWM LLC now owns 1,380 shares of the company’s stock worth $38,000 after buying an additional 1,203 shares in the last quarter. Parallel Advisors LLC raised its position in Amalgamated Financial by 50.5% during the fourth quarter. Parallel Advisors LLC now owns 1,633 shares of the company’s stock worth $44,000 after acquiring an additional 548 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in Amalgamated Financial by 12.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 4,816 shares of the company’s stock worth $126,000 after acquiring an additional 528 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Amalgamated Financial in the first quarter valued at about $126,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of Amalgamated Financial in the second quarter valued at approximately $213,000. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Amalgamated Financial Price Performance

Amalgamated Financial stock opened at $30.46 on Wednesday. The firm’s 50-day moving average is $30.87 and its two-hundred day moving average is $27.09. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market capitalization of $929.76 million, a P/E ratio of 9.95 and a beta of 0.93. Amalgamated Financial Corp. has a 12-month low of $15.19 and a 12-month high of $33.24.

Amalgamated Financial (NASDAQ:AMAL) last announced its earnings results on Thursday, July 25th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. The firm had revenue of $108.22 million for the quarter, compared to analyst estimates of $77.33 million. Amalgamated Financial had a net margin of 23.64% and a return on equity of 16.23%. During the same quarter last year, the business earned $0.72 earnings per share. Equities analysts predict that Amalgamated Financial Corp. will post 3.28 earnings per share for the current year.

Amalgamated Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Tuesday, August 6th were paid a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.48 annualized dividend and a yield of 1.58%. Amalgamated Financial’s payout ratio is currently 15.69%.

Analyst Upgrades and Downgrades

AMAL has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on Amalgamated Financial from $31.50 to $32.50 and gave the stock an “overweight” rating in a research report on Thursday, June 27th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $35.00 price target (up previously from $30.00) on shares of Amalgamated Financial in a research report on Monday, July 29th.

Insider Buying and Selling

In other Amalgamated Financial news, major shareholder United Canada Council Workers sold 82,464 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $31.05, for a total value of $2,560,507.20. Following the sale, the insider now directly owns 440,401 shares of the company’s stock, valued at approximately $13,674,451.05. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.90% of the stock is currently owned by company insiders.

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.