XTX Topco Ltd Boosts Holdings in Amalgamated Financial Corp. (NASDAQ:AMAL)

XTX Topco Ltd lifted its stake in Amalgamated Financial Corp. (NASDAQ:AMAL) by 16.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,269 shares of the company’s stock after purchasing an additional 1,450 shares during the quarter. XTX Topco Ltd’s holdings in Amalgamated Financial were worth $281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in Amalgamated Financial by 3.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,157,594 shares of the company’s stock worth $31,716,000 after buying an additional 43,213 shares during the last quarter. American Century Companies Inc. raised its position in Amalgamated Financial by 17.4% in the 2nd quarter. American Century Companies Inc. now owns 428,745 shares of the company’s stock worth $11,748,000 after buying an additional 63,561 shares during the last quarter. Arjuna Capital raised its position in Amalgamated Financial by 2.5% in the 2nd quarter. Arjuna Capital now owns 176,180 shares of the company’s stock worth $4,827,000 after buying an additional 4,319 shares during the last quarter. Bank of New York Mellon Corp raised its position in Amalgamated Financial by 3.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 158,643 shares of the company’s stock worth $4,347,000 after buying an additional 4,555 shares during the last quarter. Finally, Clean Yield Group raised its position in Amalgamated Financial by 0.9% in the 2nd quarter. Clean Yield Group now owns 144,541 shares of the company’s stock worth $3,960,000 after buying an additional 1,332 shares during the last quarter. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AMAL. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $35.00 target price (up previously from $30.00) on shares of Amalgamated Financial in a research report on Monday, July 29th. JPMorgan Chase & Co. boosted their price target on Amalgamated Financial from $31.50 to $32.50 and gave the company an “overweight” rating in a research note on Thursday, June 27th.

Amalgamated Financial Trading Down 1.3 %

Amalgamated Financial stock opened at $30.73 on Friday. The business has a 50-day simple moving average of $30.89 and a two-hundred day simple moving average of $26.98. The company has a market cap of $938.00 million, a P/E ratio of 10.04 and a beta of 0.93. Amalgamated Financial Corp. has a 52-week low of $15.19 and a 52-week high of $33.24. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.12.

Amalgamated Financial (NASDAQ:AMAL) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.06. The business had revenue of $108.22 million during the quarter, compared to the consensus estimate of $77.33 million. Amalgamated Financial had a return on equity of 16.23% and a net margin of 23.64%. During the same period in the previous year, the company posted $0.72 EPS. Analysts predict that Amalgamated Financial Corp. will post 3.28 EPS for the current year.

Amalgamated Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Tuesday, August 6th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.56%. Amalgamated Financial’s dividend payout ratio (DPR) is presently 15.69%.

Insider Activity at Amalgamated Financial

In related news, major shareholder United Canada Council Workers sold 44,577 shares of the business’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $29.97, for a total transaction of $1,335,972.69. Following the completion of the transaction, the insider now directly owns 384,980 shares in the company, valued at approximately $11,537,850.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.90% of the stock is currently owned by corporate insiders.

Amalgamated Financial 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.