Universal Beteiligungs und Servicegesellschaft mbH Purchases 1,068 Shares of Amalgamated Financial Corp. (NASDAQ:AMAL)

Universal Beteiligungs und Servicegesellschaft mbH increased its position in Amalgamated Financial Corp. (NASDAQ:AMAL) by 1.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 64,923 shares of the company’s stock after acquiring an additional 1,068 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.21% of Amalgamated Financial worth $1,867,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Park Square Financial Group LLC bought a new stake in Amalgamated Financial during the fourth quarter valued at about $41,000. KLP Kapitalforvaltning AS bought a new stake in Amalgamated Financial during the fourth quarter valued at about $90,000. GAMMA Investing LLC grew its holdings in Amalgamated Financial by 4,136.8% during the first quarter. GAMMA Investing LLC now owns 4,830 shares of the company’s stock valued at $139,000 after purchasing an additional 4,716 shares during the period. New York State Common Retirement Fund grew its holdings in Amalgamated Financial by 7.9% during the first quarter. New York State Common Retirement Fund now owns 6,811 shares of the company’s stock valued at $196,000 after purchasing an additional 500 shares during the period. Finally, Schonfeld Strategic Advisors LLC bought a new stake in Amalgamated Financial during the fourth quarter valued at about $224,000. Institutional investors own 75.93% of the company’s stock.

Amalgamated Financial Stock Performance

NASDAQ AMAL opened at $29.29 on Thursday. The firm has a market cap of $895.98 million, a price-to-earnings ratio of 8.77 and a beta of 0.85. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.09. The business has a 50-day moving average price of $31.24 and a 200-day moving average price of $31.07. Amalgamated Financial Corp. has a twelve month low of $25.03 and a twelve month high of $38.19.

Amalgamated Financial (NASDAQ:AMAL) last released its quarterly earnings data on Thursday, July 24th. The company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.02). The business had revenue of $82.18 million during the quarter, compared to the consensus estimate of $82.52 million. Amalgamated Financial had a return on equity of 15.42% and a net margin of 23.60%. As a group, equities research analysts predict that Amalgamated Financial Corp. will post 3.65 EPS for the current fiscal year.

Amalgamated Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 21st. Investors of record on Tuesday, August 5th will be given a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, August 5th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.91%. Amalgamated Financial’s dividend payout ratio is currently 16.77%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods cut their price target on Amalgamated Financial from $41.00 to $39.00 and set an “outperform” rating for the company in a report on Friday, April 25th.

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.