Globeflex Capital L P Purchases Shares of 103,401 Amalgamated Financial Corp. $AMAL

Posted by Francis Steltz on Aug 24th, 2026

Globeflex Capital L P purchased a new stake in Amalgamated Financial Corp. (NASDAQ:AMAL – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 103,401 shares of the company’s stock, valued at approximately $4,746,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Compass Financial Management LLC acquired a new position in Amalgamated Financial in the 2nd quarter worth $59,000. Figure 8 Investment Strategies LLC lifted its holdings in shares of Amalgamated Financial by 1.8% in the second quarter. Figure 8 Investment Strategies LLC now owns 67,308 shares of the company’s stock valued at $3,089,000 after purchasing an additional 1,209 shares in the last quarter. BlackRock Inc. acquired a new position in shares of Amalgamated Financial during the second quarter worth about $156,331,000. Deutsche Bank AG acquired a new position in shares of Amalgamated Financial during the second quarter worth about $838,000. Finally, Horizon Investment Services LLC bought a new position in shares of Amalgamated Financial during the second quarter worth about $357,000. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Amalgamated Financial Stock Performance

NASDAQ AMAL opened at $48.76 on Monday. The company has a market cap of $1.46 billion, a PE ratio of 13.00 and a beta of 0.79. The company has a current ratio of 0.64, a quick ratio of 0.63 and a debt-to-equity ratio of 0.08. Amalgamated Financial Corp. has a 12 month low of $25.13 and a 12 month high of $51.59. The stock has a 50 day moving average of $47.61 and a 200-day moving average of $42.98.

Amalgamated Financial (NASDAQ:AMAL – Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.10. The business had revenue of $96.10 million for the quarter, compared to the consensus estimate of $92.09 million. Amalgamated Financial had a net margin of 23.34% and a return on equity of 14.30%. On average, equities research analysts anticipate that Amalgamated Financial Corp. will post 4.06 EPS for the current fiscal year.

Amalgamated Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Tuesday, August 4th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, August 4th. Amalgamated Financial’s dividend payout ratio (DPR) is 18.13%.

Analyst Ratings Changes

Several equities research analysts have commented on AMAL shares. Weiss Ratings upgraded Amalgamated Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 5th. Zacks Research raised shares of Amalgamated Financial from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. Keefe, Bruyette & Woods increased their target price on shares of Amalgamated Financial from $53.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Finally, Piper Sandler lifted 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. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Amalgamated Financial currently has a consensus rating of “Moderate Buy” and an average target price of $53.50.

View Our Latest Analysis on AMAL

Insider Activity

In other news, Director Maryann Bruce sold 2,138 shares of the business’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $49.55, for a total transaction of $105,937.90. Following the transaction, the director directly owned 17,804 shares in the company, valued at $882,188.20. The trade was a 10.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jason Darby sold 3,000 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $43.30, for a total transaction of $129,900.00. Following the transaction, the chief financial officer owned 79,343 shares in the company, valued at $3,435,551.90. This represents a 3.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,727 shares of company stock valued at $431,077 in the last quarter. Company insiders own 1.63% of the company’s stock.

Amalgamated Financial Company Profile

(Free Report)

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.