Segall Bryant & Hamill LLC Makes New $1.61 Million Investment in Amalgamated Financial Corp. (NASDAQ:AMAL)

Segall Bryant & Hamill LLC purchased a new stake in Amalgamated Financial Corp. (NASDAQ:AMAL) in the third quarter, HoldingsChannel reports. The firm purchased 51,375 shares of the company’s stock, valued at approximately $1,612,000.

A number of other hedge funds have also made changes to their positions in the company. Quest Partners LLC grew its stake in Amalgamated Financial by 18.7% in the 3rd quarter. Quest Partners LLC now owns 11,905 shares of the company’s stock valued at $373,000 after acquiring an additional 1,877 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Amalgamated Financial by 14.5% in the third quarter. Thrivent Financial for Lutherans now owns 46,420 shares of the company’s stock valued at $1,456,000 after purchasing an additional 5,885 shares in the last quarter. Seizert Capital Partners LLC acquired a new stake in shares of Amalgamated Financial in the third quarter valued at approximately $1,781,000. Empowered Funds LLC increased its stake in shares of Amalgamated Financial by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 124,522 shares of the company’s stock worth $3,906,000 after purchasing an additional 6,298 shares in the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of Amalgamated Financial by 53.0% during the 3rd quarter. GSA Capital Partners LLP now owns 23,448 shares of the company’s stock worth $736,000 after purchasing an additional 8,122 shares during the last quarter. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Analyst Ratings Changes

Separately, 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.

Insiders Place Their Bets

In other Amalgamated Financial news, CFO Jason Darby sold 4,000 shares of Amalgamated Financial stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.59, for a total value of $146,360.00. Following the transaction, the chief financial officer now owns 50,208 shares in the company, valued at $1,837,110.72. This trade represents a 7.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder States Regional Joint Western sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $35.21, for a total value of $352,100.00. Following the sale, the insider now owns 7,185,816 shares of the company’s stock, valued at approximately $253,012,581.36. The trade was a 0.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 718,890 shares of company stock valued at $24,995,731. Insiders own 0.90% of the company’s stock.

Amalgamated Financial Stock Performance

Shares of NASDAQ AMAL opened at $36.51 on Friday. The company has a 50-day simple moving average of $33.43 and a 200-day simple moving average of $29.93. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market cap of $1.12 billion, a PE ratio of 10.74 and a beta of 0.91. Amalgamated Financial Corp. has a 12 month low of $20.39 and a 12 month high of $38.19.

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

Amalgamated Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Tuesday, November 5th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.48 annualized dividend and a yield of 1.31%. Amalgamated Financial’s dividend payout ratio (DPR) is presently 14.12%.

Amalgamated Financial 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.