Amalgamated Financial (NASDAQ:AMAL) Stock: Insider United Workers Sells 92,809 Shares

Amalgamated Financial Corp. (NASDAQ:AMAL – Get Free Report) major shareholder United Workers sold 92,809 shares of the firm’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $50.86, for a total transaction of $4,720,265.74. Following the completion of the transaction, the insider directly owned 6,747,407 shares of the company’s stock, valued at $343,173,120.02. This represents a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

United Workers also recently made the following trade(s):

  • On Tuesday, November 3rd, United Workers sold 16,000 shares of Amalgamated Financial stock. The stock was sold at an average price of $50.02, for a total transaction of $800,320.00.
  • On Monday, November 2nd, United Workers sold 30,000 shares of Amalgamated Financial stock. The stock was sold at an average price of $50.81, for a total transaction of $1,524,300.00.
  • On Friday, October 30th, United Workers sold 30,000 shares of Amalgamated Financial stock. The shares were sold at an average price of $49.97, for a total transaction of $1,499,100.00.
  • On Monday, September 14th, United Workers sold 228,284 shares of Amalgamated Financial stock. The shares were sold at an average price of $47.84, for a total transaction of $10,921,106.56.
  • On Friday, September 11th, United Workers sold 234,128 shares of Amalgamated Financial stock. The stock was sold at an average price of $47.88, for a total transaction of $11,210,048.64.
  • On Wednesday, September 9th, United Workers sold 79,649 shares of Amalgamated Financial stock. The stock was sold at an average price of $47.91, for a total transaction of $3,815,983.59.
  • On Tuesday, September 8th, United Workers sold 42,910 shares of Amalgamated Financial stock. The shares were sold at an average price of $48.56, for a total transaction of $2,083,709.60.
  • On Friday, September 4th, United Workers sold 68,783 shares of Amalgamated Financial stock. The shares were sold at an average price of $49.20, for a total transaction of $3,384,123.60.
  • On Thursday, September 3rd, United Workers sold 44,658 shares of Amalgamated Financial stock. The shares were sold at an average price of $49.43, for a total transaction of $2,207,444.94.
  • On Wednesday, September 2nd, United Workers sold 44,244 shares of Amalgamated Financial stock. The stock was sold at an average price of $48.19, for a total value of $2,132,118.36.

Amalgamated Financial Price Performance

Shares of NASDAQ AMAL opened at $49.56 on Friday. The business’s 50 day moving average price is $48.24 and its two-hundred day moving average price is $44.21. The company has a market cap of $1.47 billion, a PE ratio of 12.18 and a beta of 0.76. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.07. Amalgamated Financial Corp. has a twelve month low of $26.61 and a twelve month high of $52.30.

Amalgamated Financial (NASDAQ:AMAL – Get Free Report) last released its quarterly earnings data on Thursday, October 22nd. The company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.06. The company had revenue of $99.17 million during the quarter, compared to analysts’ expectations of $99.26 million. Amalgamated Financial had a return on equity of 14.91% and a net margin of 24.57%. On average, analysts predict that Amalgamated Financial Corp. will post 4.13 EPS for the current year.

Amalgamated Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 19th. Shareholders of record on Tuesday, November 3rd will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, November 3rd. Amalgamated Financial’s payout ratio is 16.71%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Amalgamated Financial from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, October 23rd. Keefe, Bruyette & Woods raised their target price on shares of Amalgamated Financial from $53.00 to $54.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Raymond James Financial started coverage on shares of Amalgamated Financial in a report on Thursday, September 3rd. They set an “outperform” rating and a $55.00 target price for the company. Finally, Piper Sandler upped 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. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Amalgamated Financial currently has an average rating of “Moderate Buy” and an average price target of $54.00.

Get Our Latest Report on AMAL

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC raised its holdings in shares of Amalgamated Financial by 172.0% in 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 during the last quarter. Nisa Investment Advisors LLC lifted its position in Amalgamated Financial by 81.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,430 shares of the company’s stock valued at $68,000 after acquiring an additional 644 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Amalgamated Financial in the 2nd quarter valued at about $30,000. First Trust Advisors LP boosted its stake in Amalgamated Financial by 3.2% during the 1st quarter. First Trust Advisors LP now owns 22,293 shares of the company’s stock valued at $867,000 after purchasing an additional 685 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Amalgamated Financial by 4.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 17,835 shares of the company’s stock valued at $853,000 after purchasing an additional 751 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

Amalgamated Financial Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Amalgamated Financial (NASDAQ:AMAL)

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