UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.62 Million Position in Amalgamated Financial Corp. (NASDAQ:AMAL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in shares of Amalgamated Financial Corp. (NASDAQ:AMAL) by 2.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,495 shares of the company’s stock after selling 1,362 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.17% of Amalgamated Financial worth $1,615,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. CWM LLC boosted its stake in Amalgamated Financial by 679.7% in the second quarter. CWM LLC now owns 1,380 shares of the company’s stock valued at $38,000 after buying an additional 1,203 shares in the last quarter. SG Americas Securities LLC increased its holdings in Amalgamated Financial by 82.7% in the 2nd quarter. SG Americas Securities LLC now owns 12,578 shares of the company’s stock worth $345,000 after purchasing an additional 5,692 shares in the last quarter. Bank of New York Mellon Corp raised its position in Amalgamated Financial by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 158,643 shares of the company’s stock valued at $4,347,000 after purchasing an additional 4,555 shares during the last quarter. Panagora Asset Management Inc. boosted its stake in shares of Amalgamated Financial by 1.7% during the second quarter. Panagora Asset Management Inc. now owns 36,364 shares of the company’s stock valued at $996,000 after purchasing an additional 616 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Amalgamated Financial by 11.0% during the second quarter. Principal Financial Group Inc. now owns 17,638 shares of the company’s stock worth $483,000 after purchasing an additional 1,755 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

Amalgamated Financial Trading Up 1.5 %

Shares of AMAL stock opened at $35.47 on Tuesday. Amalgamated Financial Corp. has a 1-year low of $21.33 and a 1-year high of $38.19. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 10.43 and a beta of 0.91. The stock has a 50-day moving average of $34.88 and a 200-day moving average of $31.16.

Amalgamated Financial (NASDAQ:AMAL) last released its earnings results on Thursday, October 24th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. The business had revenue of $111.76 million during the quarter, compared to the consensus estimate of $79.50 million. Amalgamated Financial had a net margin of 24.19% and a return on equity of 16.00%. During the same quarter in the prior year, the firm posted $0.76 EPS. On average, equities research analysts forecast that Amalgamated Financial Corp. will post 3.46 earnings per share for the current year.

Amalgamated Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Tuesday, November 5th were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Tuesday, November 5th. Amalgamated Financial’s dividend payout ratio is presently 14.12%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AMAL shares. Piper Sandler raised their price objective on shares of Amalgamated Financial from $39.00 to $42.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Keefe, Bruyette & Woods raised their price target on shares of Amalgamated Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th.

Insider Activity at Amalgamated Financial

In other news, major shareholder Regional Joint Board Rochester sold 55,875 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $34.32, for a total transaction of $1,917,630.00. Following the completion of the sale, the insider now owns 355,893 shares of the company’s stock, valued at $12,214,247.76. This trade represents a 13.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder States Regional Joint Western sold 175,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $37.24, for a total transaction of $6,517,000.00. Following the transaction, the insider now owns 7,558,575 shares in the company, valued at $281,481,333. The trade was a 2.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 591,849 shares of company stock worth $21,099,252 over the last quarter. Company insiders own 0.90% of the company’s stock.

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.