Amalgamated Financial Corp. (NASDAQ:AMAL) Shares Sold by Isthmus Partners LLC

Isthmus Partners LLC reduced its stake in shares of Amalgamated Financial Corp. (NASDAQ:AMAL) by 19.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 110,357 shares of the company’s stock after selling 26,117 shares during the period. Isthmus Partners LLC owned approximately 0.36% of Amalgamated Financial worth $3,462,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. CWM LLC boosted its position in shares of Amalgamated Financial by 679.7% during the 2nd quarter. CWM LLC now owns 1,380 shares of the company’s stock worth $38,000 after purchasing an additional 1,203 shares in the last quarter. US Bancorp DE boosted its position in shares of Amalgamated Financial by 28.4% during the 3rd quarter. US Bancorp DE now owns 2,312 shares of the company’s stock worth $73,000 after purchasing an additional 512 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position 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 worth $126,000 after purchasing an additional 528 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Amalgamated Financial during the 2nd quarter worth $213,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Amalgamated Financial during the 3rd quarter worth $214,000. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Amalgamated Financial news, major shareholder States Regional Joint Western sold 175,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $37.24, for a total value of $6,517,000.00. Following the transaction, the insider now directly owns 7,558,575 shares in the company, valued at approximately $281,481,333. This represents a 2.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder United Canada Council Workers sold 82,464 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $31.05, for a total transaction of $2,560,507.20. Following the completion of the transaction, the insider now owns 440,401 shares in the company, valued at approximately $13,674,451.05. This trade represents a 15.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 718,890 shares of company stock worth $24,995,731 in the last three months. Corporate insiders own 0.90% of the company’s stock.

Amalgamated Financial Price Performance

Amalgamated Financial stock opened at $36.10 on Friday. Amalgamated Financial Corp. has a 52 week low of $20.39 and a 52 week high of $38.19. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.10. The firm’s 50-day simple moving average is $33.70 and its 200 day simple moving average is $30.19. The firm has a market capitalization of $1.11 billion, a PE ratio of 10.62 and a beta of 0.91.

Amalgamated Financial (NASDAQ:AMAL) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.91 EPS 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 business had revenue of $111.76 million for the quarter, compared to analyst estimates of $79.50 million. During the same period in the previous year, the firm earned $0.76 EPS. On average, equities research analysts predict that Amalgamated Financial Corp. will post 3.46 EPS for the current fiscal year.

Amalgamated Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Tuesday, November 5th were given a $0.12 dividend. The ex-dividend date was Tuesday, November 5th. This represents a $0.48 annualized dividend and a dividend yield of 1.33%. Amalgamated Financial’s dividend payout ratio is presently 14.12%.

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.