Amalgamated Bank (AMAL) Stake Lifted by Foresters Investment Management Company Inc.

Foresters Investment Management Company Inc. lifted its holdings in Amalgamated Bank (NASDAQ:AMAL) by 105.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 328,800 shares of the company’s stock after purchasing an additional 169,000 shares during the quarter. Foresters Investment Management Company Inc.’s holdings in Amalgamated Bank were worth $6,412,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. RMB Capital Management LLC lifted its holdings in shares of Amalgamated Bank by 36.2% during the fourth quarter. RMB Capital Management LLC now owns 588,256 shares of the company’s stock valued at $11,471,000 after purchasing an additional 156,337 shares during the last quarter. American International Group Inc. lifted its stake in Amalgamated Bank by 19.7% in the 4th quarter. American International Group Inc. now owns 7,787 shares of the company’s stock worth $152,000 after acquiring an additional 1,279 shares in the last quarter. Mendon Capital Advisors Corp lifted its stake in Amalgamated Bank by 48.6% in the 4th quarter. Mendon Capital Advisors Corp now owns 717,271 shares of the company’s stock worth $13,987,000 after acquiring an additional 234,715 shares in the last quarter. Geode Capital Management LLC lifted its stake in Amalgamated Bank by 65.5% in the 4th quarter. Geode Capital Management LLC now owns 101,150 shares of the company’s stock worth $1,972,000 after acquiring an additional 40,029 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Amalgamated Bank by 24.0% in the 4th quarter. Northern Trust Corp now owns 124,487 shares of the company’s stock worth $2,427,000 after acquiring an additional 24,084 shares in the last quarter. 40.19% of the stock is owned by institutional investors.

Shares of Amalgamated Bank stock opened at $16.80 on Friday. The stock has a market capitalization of $527.08 million and a P/E ratio of 12.35. Amalgamated Bank has a 1 year low of $13.25 and a 1 year high of $22.97.

Amalgamated Bank (NASDAQ:AMAL) last issued its earnings results on Tuesday, January 29th. The company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.06). The business had revenue of $47.76 million during the quarter, compared to the consensus estimate of $47.82 million. As a group, analysts predict that Amalgamated Bank will post 1.43 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, February 26th. Shareholders of record on Friday, February 15th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.43%. The ex-dividend date was Thursday, February 14th. Amalgamated Bank’s payout ratio is currently 17.65%.

Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Amalgamated Bank from a “hold” rating to a “sell” rating in a research note on Thursday, January 24th. ValuEngine raised Amalgamated Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $20.42.

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About Amalgamated Bank

Amalgamated Bank, together with its subsidiaries, provides commercial banking and retail banking products and services in the United States. The company offers deposit products, including time deposits, non-interest and interest-bearing demand accounts, savings and money market accounts, NOW accounts, and certificates of deposit.

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

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