12,931 Shares in Amalgamated Financial Corp. $AMAL Acquired by Andrew Hill Investment Advisors Inc.

Andrew Hill Investment Advisors Inc. bought a new stake in Amalgamated Financial Corp. (NASDAQ:AMAL) during the third quarter, Holdings Channel.com reports. The firm bought 12,931 shares of the company’s stock, valued at approximately $615,000.

A number of other hedge funds have also made changes to their positions in the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Amalgamated Financial during the second quarter valued at approximately $30,000. Farther Finance Advisors LLC boosted its stake in shares of Amalgamated Financial by 172.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 729 shares of the company’s stock worth $35,000 after acquiring an additional 461 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Amalgamated Financial by 143.8% during the 1st quarter. Royal Bank of Canada now owns 1,485 shares of the company’s stock worth $57,000 after buying an additional 876 shares during the period. Compass Financial Management LLC bought a new position in shares of Amalgamated Financial in the second quarter worth about $59,000. Finally, Nisa Investment Advisors LLC boosted its stake in Amalgamated Financial by 81.9% during the third quarter. Nisa Investment Advisors LLC now owns 1,430 shares of the company’s stock worth $68,000 after buying an additional 644 shares in the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

More Amalgamated Financial News

Here are the key news stories impacting Amalgamated Financial this week:

• Positive Sentiment: Third-quarter EPS was $1.14, exceeding the $1.08 analyst consensus and rising from $0.91 a year earlier. Net income reached $36.4 million, with the company reporting record earnings, a 23.34% net margin and 14.30% return on equity. Third-quarter financial results
• Positive Sentiment: Management forecast 2026 net interest income of approximately $341 million to $342 million, suggesting continued earnings power despite changes in the deposit and business mix associated with election-related activity. Net interest income forecast
• Neutral Sentiment: Quarterly revenue was $99.17 million, essentially in line with but slightly below the $99.26 million consensus estimate. The earnings beat therefore appears driven more by profitability and expense or margin performance than by stronger-than-expected top-line growth. Earnings and revenue results
• Negative Sentiment: A reported $78 million problem loan is an important risk for investors. While it did not prevent the quarterly earnings beat, deterioration in this loan could increase provisions, weaken future earnings or raise concerns about credit quality. Problem loan analysis

Insider Buying and Selling

In other news, major shareholder United Workers sold 228,284 shares of Amalgamated Financial stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $47.84, for a total transaction of $10,921,106.56. Following the completion of the transaction, the insider directly owned 373,022 shares in the company, valued at approximately $17,845,372.48. This trade represents a 37.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sean Searby sold 3,314 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $47.75, for a total value of $158,243.50. Following the completion of the transaction, the executive vice president owned 17,466 shares of the company’s stock, valued at $834,001.50. This represents a 15.95% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,724,705 shares of company stock worth $83,009,328 in the last ninety days. 1.63% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AMAL has been the topic of a number of research analyst reports. Weiss Ratings upgraded Amalgamated Financial from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, October 9th. Piper Sandler increased their price target on shares of Amalgamated Financial from $48.00 to $53.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. Keefe, Bruyette & Woods boosted their price objective on shares of Amalgamated Financial from $53.00 to $54.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Finally, Raymond James Financial began coverage on Amalgamated Financial in a research report on Thursday, September 3rd. They issued an “outperform” rating and a $55.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.00.

Amalgamated Financial Stock Performance

Shares of Amalgamated Financial stock opened at $50.50 on Friday. Amalgamated Financial Corp. has a 1-year low of $26.61 and a 1-year high of $51.59. The company has a current ratio of 0.64, a quick ratio of 0.63 and a debt-to-equity ratio of 0.08. The company has a market cap of $1.51 billion, a PE ratio of 12.48 and a beta of 0.81. The company has a 50 day moving average of $47.96 and a 200-day moving average of $45.67.

Amalgamated Financial (NASDAQ:AMAL) last released its quarterly earnings results on Thursday, October 22nd. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. The firm had revenue of $99.17 million for the quarter, compared to analyst estimates of $99.26 million. Amalgamated Financial had a return on equity of 15.00% and a net margin of 24.57%. As a group, equities research analysts forecast that Amalgamated Financial Corp. will post 4.06 earnings per share for the current fiscal year.

Amalgamated Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Stockholders of record on Tuesday, November 3rd will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, November 3rd. Amalgamated Financial’s payout ratio is currently 18.13%.

Amalgamated Financial Company Profile

Amalgamated Financial Corporation (NASDAQ:AMAL) is the parent company of Amalgamated Bank, a commercial bank that provides banking, lending and financial services to businesses, nonprofit organizations, labor unions, political organizations and individual consumers. The bank is known for serving mission-driven and socially responsible organizations, as well as customers seeking conventional banking products.

Amalgamated Bank offers commercial and consumer deposits, commercial and real estate lending, treasury management, online and mobile banking, payment services, and investment management.