Jane Street Group LLC Acquires 6,258 Shares of Amalgamated Financial Corp. (NASDAQ:AMAL)

Jane Street Group LLC grew its holdings in Amalgamated Financial Corp. (NASDAQ:AMAL) by 26.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,977 shares of the company’s stock after purchasing an additional 6,258 shares during the period. Jane Street Group LLC owned approximately 0.10% of Amalgamated Financial worth $940,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. US Bancorp DE grew its stake in Amalgamated Financial by 28.4% in the 3rd quarter. US Bancorp DE now owns 2,312 shares of the company’s stock valued at $73,000 after buying an additional 512 shares in the last quarter. CWM LLC boosted its holdings in shares of Amalgamated Financial by 74.9% in the third quarter. CWM LLC now owns 2,414 shares of the company’s stock worth $76,000 after acquiring an additional 1,034 shares during the period. DekaBank Deutsche Girozentrale raised its stake in shares of Amalgamated Financial by 12.3% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 4,816 shares of the company’s stock valued at $126,000 after purchasing an additional 528 shares during the period. Acadian Asset Management LLC purchased a new stake in Amalgamated Financial during the 2nd quarter worth about $213,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Amalgamated Financial during the 3rd quarter worth about $214,000. Institutional investors own 75.93% of the company’s stock.

Amalgamated Financial Price Performance

Amalgamated Financial stock opened at $33.47 on Wednesday. The business has a 50-day simple moving average of $34.98 and a 200 day simple moving average of $31.85. Amalgamated Financial Corp. has a 52 week low of $21.33 and a 52 week high of $38.19. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 9.84 and a beta of 0.91. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.10.

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

Amalgamated Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Tuesday, November 5th. Amalgamated Financial’s dividend payout ratio is currently 14.12%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods upped their price target on Amalgamated Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Piper Sandler boosted their price objective on shares of Amalgamated Financial from $39.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th.

Insider Buying and Selling

In other Amalgamated Financial news, major shareholder Regional Joint Board Rochester sold 55,875 shares of Amalgamated Financial 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 transaction, the insider now directly owns 355,893 shares of the company’s stock, valued at approximately $12,214,247.76. This trade represents a 13.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder States Regional Joint Western sold 63,004 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $32.81, for a total transaction of $2,067,161.24. Following the completion of the sale, the insider now directly owns 423,022 shares of the company’s stock, valued at $13,879,351.82. This trade represents a 12.96 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 591,849 shares of company stock worth $21,099,252. Corporate 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.