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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in shares of Amalgamated Financial Corp. (NASDAQ:AMAL) by 2.6% in the 3rd quarter, HoldingsChannel reports. 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’s holdings in Amalgamated Financial were worth $1,615,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AMAL. American Century Companies Inc. increased its stake in Amalgamated Financial by 17.4% during the 2nd quarter. American Century Companies Inc. now owns 428,745 shares of the company’s stock valued at $11,748,000 after purchasing an additional 63,561 shares in the last quarter. LSV Asset Management acquired a new position in shares of Amalgamated Financial during the second quarter valued at about $1,378,000. Deerfield Management Company L.P. Series C bought a new stake in shares of Amalgamated Financial during the second quarter worth about $1,219,000. Harrington Investments INC raised its holdings in shares of Amalgamated Financial by 1.0% in the 2nd quarter. Harrington Investments INC now owns 75,900 shares of the company’s stock worth $2,080,000 after acquiring an additional 760 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in Amalgamated Financial in the 3rd quarter valued at about $1,440,000. 75.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Amalgamated Financial Stock Up 1.5 %

AMAL opened at $35.47 on Tuesday. Amalgamated Financial Corp. has a fifty-two week low of $21.33 and a fifty-two week high of $38.19. The firm has a market capitalization of $1.09 billion, a P/E ratio of 10.43 and a beta of 0.91. The company’s 50-day moving average is $34.88 and its 200 day moving average is $31.16. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.63 and a quick ratio of 0.63.

Amalgamated Financial (NASDAQ:AMAL) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.91 EPS for the quarter, beating 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 firm had revenue of $111.76 million during the quarter, compared to analyst estimates of $79.50 million. During the same quarter last year, the business posted $0.76 EPS. Research analysts expect that Amalgamated Financial Corp. will post 3.46 earnings per share for the current fiscal year.

Amalgamated Financial Dividend Announcement

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

Insiders Place Their Bets

In related news, CFO Jason Darby sold 4,000 shares of Amalgamated Financial stock in a transaction that occurred 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 sale, the chief financial officer now owns 50,208 shares of the company’s stock, valued at approximately $1,837,110.72. The trade was a 7.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Regional Joint Board Rochester sold 55,875 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $34.32, for a total value 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 591,849 shares of company stock valued at $21,099,252. Insiders own 0.90% of the company’s stock.

About Amalgamated Financial

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.