Creative Planning Has $444,000 Stock Position in Amalgamated Financial Corp. (NASDAQ:AMAL)

Creative Planning grew its position in Amalgamated Financial Corp. (NASDAQ:AMAL) by 24.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,156 shares of the company’s stock after buying an additional 2,812 shares during the quarter. Creative Planning’s holdings in Amalgamated Financial were worth $444,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. CWM LLC lifted its position in shares of Amalgamated Financial by 679.7% in the second quarter. CWM LLC now owns 1,380 shares of the company’s stock worth $38,000 after purchasing an additional 1,203 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Amalgamated Financial in the first quarter worth approximately $126,000. DekaBank Deutsche Girozentrale lifted its position in shares of Amalgamated Financial by 12.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,816 shares of the company’s stock worth $126,000 after purchasing an additional 528 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Amalgamated Financial in the second quarter worth approximately $213,000. Finally, Quest Partners LLC lifted its position in shares of Amalgamated Financial by 6.9% in the second quarter. Quest Partners LLC now owns 10,028 shares of the company’s stock worth $275,000 after purchasing an additional 646 shares in the last quarter. 75.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $35.00 price objective (up previously from $30.00) on shares of Amalgamated Financial in a research report on Monday, July 29th.

Amalgamated Financial Price Performance

Shares of AMAL opened at $38.13 on Thursday. The firm has a market cap of $1.17 billion, a PE ratio of 11.21 and a beta of 0.91. The firm’s 50 day moving average price is $32.33 and its 200 day moving average price is $28.99. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.63 and a current ratio of 0.63. Amalgamated Financial Corp. has a twelve month low of $18.90 and a twelve month high of $38.19.

Amalgamated Financial (NASDAQ:AMAL) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.08. The firm had revenue of $111.76 million for the quarter, compared to analyst estimates of $79.50 million. Amalgamated Financial had a net margin of 24.19% and a return on equity of 16.53%. During the same quarter last year, the firm earned $0.76 earnings per share. As a group, research analysts expect that Amalgamated Financial Corp. will post 3.46 EPS for the current fiscal year.

Amalgamated Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Tuesday, November 5th. Amalgamated Financial’s dividend payout ratio is 14.12%.

Insider Activity

In other news, major shareholder States Regional Joint Western sold 63,004 shares of Amalgamated Financial stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $32.81, for a total value of $2,067,161.24. Following the transaction, the insider now owns 423,022 shares of the company’s stock, valued at $13,879,351.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, major shareholder States Regional Joint Western sold 63,004 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $32.81, for a total value of $2,067,161.24. Following the sale, the insider now owns 423,022 shares in the company, valued at approximately $13,879,351.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Regional Joint Board Rochester sold 47,508 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $34.00, for a total transaction of $1,615,272.00. Following the completion of the sale, the insider now owns 338,518 shares in the company, valued at approximately $11,509,612. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 326,428 shares of company stock valued at $10,596,663 over the last 90 days. 0.90% of the stock is currently owned by company insiders.

About Amalgamated Financial

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.