Insider Selling: Amalgamated Financial (NASDAQ:AMAL) EVP Sells 5,151 Shares of Stock

Amalgamated Financial Corp. (NASDAQ:AMAL) EVP Sam Brown sold 5,151 shares of Amalgamated Financial stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $35.50, for a total transaction of $182,860.50. Following the sale, the executive vice president owned 53,232 shares of the company’s stock, valued at approximately $1,889,736. This represents a 8.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Amalgamated Financial Trading Up 6.7%

Shares of AMAL traded up $2.41 during midday trading on Thursday, hitting $38.44. 316,607 shares of the stock were exchanged, compared to its average volume of 230,158. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a market cap of $1.15 billion, a P/E ratio of 11.58 and a beta of 0.82. Amalgamated Financial Corp. has a 52-week low of $25.03 and a 52-week high of $39.34. The stock has a fifty day simple moving average of $31.72 and a 200 day simple moving average of $29.82.

Amalgamated Financial (NASDAQ:AMAL) last issued its quarterly earnings results on Thursday, January 22nd. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.08. The company had revenue of $87.91 million for the quarter, compared to analyst estimates of $85.37 million. Amalgamated Financial had a net margin of 22.97% and a return on equity of 14.75%. On average, research analysts anticipate that Amalgamated Financial Corp. will post 3.65 EPS for the current fiscal year.

Amalgamated Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Tuesday, February 3rd will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.8%. This is a positive change from Amalgamated Financial’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Tuesday, February 3rd. Amalgamated Financial’s dividend payout ratio is 16.87%.

Institutional Investors Weigh In On Amalgamated Financial

Hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in Amalgamated Financial during the second quarter worth $427,000. Geode Capital Management LLC grew its position in Amalgamated Financial by 20.2% during the second quarter. Geode Capital Management LLC now owns 608,506 shares of the company’s stock worth $18,988,000 after buying an additional 102,166 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Amalgamated Financial during the 2nd quarter valued at approximately $1,152,000. Truist Financial Corp acquired a new stake in shares of Amalgamated Financial in the 2nd quarter worth approximately $256,000. Finally, Signaturefd LLC raised its holdings in Amalgamated Financial by 110.1% during the second quarter. Signaturefd LLC now owns 1,523 shares of the company’s stock worth $48,000 after purchasing an additional 798 shares during the last quarter. Institutional investors and hedge funds own 75.93% of the company’s stock.

Analyst Ratings Changes

AMAL has been the subject of several analyst reports. Piper Sandler raised Amalgamated Financial from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $27.00 to $28.00 in a research report on Wednesday, November 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of Amalgamated Financial in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Amalgamated Financial has an average rating of “Hold” and an average target price of $33.50.

Key Headlines Impacting Amalgamated Financial

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

• Positive Sentiment: Q4 adjusted/core EPS beat consensus — Core EPS (reported as “core net income”) was $0.99 per diluted share vs. the Zacks consensus $0.91, and MarketBeat/press summaries highlight EPS outperformance. This helped reassure investors on profitability per share. AMAL Tops Q4 Earnings Estimates
• Positive Sentiment: Record quarterly deposit growth — The company reported nearly $1.0 billion of linked-quarter deposit growth in Q4, strengthening liquidity and funding stability for the bank. Press Release: Q4 Results & Deposit Growth
• Positive Sentiment: Dividend hike — Management raised the quarterly dividend ~21% to $0.17 (annualized yield ~1.9%), signaling confidence in capital and cash flow and appealing to income-oriented investors. MarketWatch: Dividend Boost
• Neutral Sentiment: Revenue / consensus variance — Reported Q4 revenue was ~$87.9M; several outlets note this modestly exceeded some estimates but at least one report flagged it as a miss versus a different consensus. Analysts and media are reconciling differing estimates. Yahoo: Revenue Coverage
• Neutral Sentiment: Investor materials and call available — The company posted a slide deck and held an earnings call; these contain detail on core vs. GAAP adjustments, reserve activity and capital that will drive near-term analyst reaction. Q4 Slide Deck
• Negative Sentiment: GAAP net income essentially flat — Reported net income was $26.6M vs. $26.8M year-ago; investors may scrutinize the difference between GAAP and “core” results and any one-time items or reserve builds. That could limit re-rating until trends are clearer. Seeking Alpha: Q4 Presentation

Amalgamated Financial Company Profile

Amalgamated Financial Corp. (NASDAQ: AMAL) is the bank holding company for Amalgamated Bank, a fully insured commercial bank with a historic mission of serving labor unions, progressive non-profits and mission-driven organizations. Founded in 1923 by the Amalgamated Clothing Workers of America, Amalgamated Bank has grown into a national institution offering a broad suite of banking services, including deposit accounts, commercial and consumer lending, cash management, and treasury solutions tailored to organizations with social responsibility or union affiliations.

In addition to core banking, Amalgamated Financial provides wealth management and trust services, retirement plan consulting and impact investing strategies.