17,343 Shares in Amalgamated Financial Corp. (NASDAQ:AMAL) Acquired by Semanteon Capital Management LP

Semanteon Capital Management LP purchased a new position in Amalgamated Financial Corp. (NASDAQ:AMAL) during the 4th quarter, Holdings Channel reports. The fund purchased 17,343 shares of the company’s stock, valued at approximately $467,000.

Other institutional investors have also added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. raised its position in Amalgamated Financial by 2.8% in the third quarter. Adage Capital Partners GP L.L.C. now owns 2,182,279 shares of the company’s stock worth $37,579,000 after acquiring an additional 59,337 shares during the period. Schroder Investment Management Group raised its position in Amalgamated Financial by 26.5% in the third quarter. Schroder Investment Management Group now owns 317,107 shares of the company’s stock worth $5,461,000 after acquiring an additional 66,420 shares during the period. Clean Yield Group raised its position in Amalgamated Financial by 3.5% in the fourth quarter. Clean Yield Group now owns 145,464 shares of the company’s stock worth $3,919,000 after acquiring an additional 4,960 shares during the period. Assenagon Asset Management S.A. raised its position in Amalgamated Financial by 30.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 129,127 shares of the company’s stock worth $3,479,000 after acquiring an additional 30,262 shares during the period. Finally, Brown Advisory Inc. raised its position in Amalgamated Financial by 3.9% in the third quarter. Brown Advisory Inc. now owns 862,875 shares of the company’s stock worth $14,859,000 after acquiring an additional 32,733 shares during the period. 75.93% of the stock is currently owned by institutional investors.

Amalgamated Financial Price Performance

Shares of Amalgamated Financial stock traded up $0.71 during trading hours on Friday, hitting $24.60. The company’s stock had a trading volume of 145,668 shares, compared to its average volume of 145,418. The business has a 50 day moving average price of $23.19 and a two-hundred day moving average price of $22.82. Amalgamated Financial Corp. has a 12-month low of $14.05 and a 12-month high of $27.77. The company has a market cap of $750.30 million, a PE ratio of 8.41 and a beta of 0.94. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.65 and a current ratio of 0.65.

Amalgamated Financial (NASDAQ:AMAL) last announced its quarterly earnings data on Thursday, January 25th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.01). The business had revenue of $105.39 million during the quarter, compared to analysts’ expectations of $71.59 million. Amalgamated Financial had a net margin of 22.71% and a return on equity of 16.60%. During the same quarter in the previous year, the firm earned $0.83 earnings per share. Analysts expect that Amalgamated Financial Corp. will post 3.07 earnings per share for the current fiscal year.

Amalgamated Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th will be given a $0.12 dividend. This is an increase from Amalgamated Financial’s previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Tuesday, May 7th. Amalgamated Financial’s payout ratio is currently 13.99%.

Analyst Ratings Changes

Several research firms have weighed in on AMAL. Keefe, Bruyette & Woods decreased their price target on shares of Amalgamated Financial from $32.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, April 5th. JPMorgan Chase & Co. cut their price target on Amalgamated Financial from $33.00 to $29.50 and set an “overweight” rating for the company in a research note on Thursday, April 4th. Finally, Piper Sandler reissued an “overweight” rating and set a $29.00 price target (up from $28.00) on shares of Amalgamated Financial in a report on Friday.

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.