Amalgamated Financial Corp. (NASDAQ:AMAL) Shares Bought by Isthmus Partners LLC

Isthmus Partners LLC raised its stake in Amalgamated Financial Corp. (NASDAQ:AMAL) by 3.0% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,158 shares of the company’s stock after acquiring an additional 2,872 shares during the period. Isthmus Partners LLC’s holdings in Amalgamated Financial were worth $1,565,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Hancock Whitney Corp acquired a new position in Amalgamated Financial in the second quarter valued at approximately $159,000. Sei Investments Co. boosted its stake in Amalgamated Financial by 68.5% in the second quarter. Sei Investments Co. now owns 30,104 shares of the company’s stock valued at $470,000 after acquiring an additional 12,238 shares during the period. American Century Companies Inc. boosted its stake in Amalgamated Financial by 32.9% in the second quarter. American Century Companies Inc. now owns 33,120 shares of the company’s stock valued at $518,000 after acquiring an additional 8,190 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in Amalgamated Financial in the second quarter valued at approximately $3,419,000. Finally, Harrington Investments INC boosted its stake in Amalgamated Financial by 66.7% in the second quarter. Harrington Investments INC now owns 40,500 shares of the company’s stock valued at $633,000 after acquiring an additional 16,200 shares during the period. Institutional investors own 37.72% of the company’s stock.

AMAL has been the subject of several analyst reports. TheStreet upgraded Amalgamated Financial from a “c” rating to a “b” rating in a research report on Monday, June 7th. Zacks Investment Research upgraded Amalgamated Financial from a “sell” rating to a “hold” rating in a research report on Thursday, July 1st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $16.50.

AMAL traded down $0.25 during trading on Wednesday, reaching $14.19. The stock had a trading volume of 563 shares, compared to its average volume of 64,370. The firm has a market capitalization of $441.25 million, a price-to-earnings ratio of 9.26 and a beta of 0.84. Amalgamated Financial Corp. has a 1-year low of $10.20 and a 1-year high of $20.22. The stock has a 50 day moving average of $15.44 and a two-hundred day moving average of $16.11.

Amalgamated Financial (NASDAQ:AMAL) last released its earnings results on Wednesday, July 28th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). As a group, equities research analysts expect that Amalgamated Financial Corp. will post 1.5 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 1st. Shareholders of record on Wednesday, August 18th were given a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, August 17th. This represents a $0.32 dividend on an annualized basis and a yield of 2.26%. Amalgamated Financial’s dividend payout ratio (DPR) is 19.88%.

About Amalgamated Financial

Operates as a bank holding company whose subsidiary provides banking services

Recommended Story: Quiet Period

Want to see what other hedge funds are holding AMAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amalgamated Financial Corp. (NASDAQ:AMAL).

Institutional Ownership by Quarter for Amalgamated Financial (NASDAQ:AMAL)

Receive News & Ratings for Amalgamated Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amalgamated Financial and related companies with MarketBeat.com's FREE daily email newsletter.