Brokers Set Expectations for AMAL Q3 Earnings

Key Points

• Keefe, Bruyette & Woods expects Amalgamated Financial to report Q3 2026 EPS of $1.06 and maintains an “Outperform” rating with a $54 price target. Full-year consensus EPS is $4.06.
• Amalgamated Financial’s previous quarter exceeded expectations, with EPS of $1.10 versus the $1.00 consensus and revenue of $96.10 million versus estimates of $92.09 million. Analysts’ overall consensus is “Moderate Buy,” with an average target price of $54.
• The company pays a quarterly dividend of $0.17 per share, representing a 1.5% yield, while insiders sold more than 1.7 million shares worth approximately $83 million over the last quarter.

Amalgamated Financial Corp. (NASDAQ:AMAL - Free Report) - Stock analysts at Keefe, Bruyette & Woods issued their Q3 2026 earnings per share estimates for Amalgamated Financial in a report issued on Monday, October 12th. Keefe, Bruyette & Woods analyst C. O'connell expects that the company will earn $1.06 per share for the quarter. Keefe, Bruyette & Woods has an "Outperform" rating and a $54.00 price objective on the stock. The consensus estimate for Amalgamated Financial's current full-year earnings is $4.06 per share.

Amalgamated Financial (NASDAQ:AMAL - Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.10. Amalgamated Financial had a return on equity of 14.30% and a net margin of 23.34%. The firm had revenue of $96.10 million for the quarter, compared to analyst estimates of $92.09 million.

Several other equities research analysts have also weighed in on the company. Piper Sandler lifted their price objective on Amalgamated Financial from $48.00 to $53.00 and gave the stock a "neutral" rating in a report on Monday, July 27th. Raymond James Financial assumed coverage on shares of Amalgamated Financial in a report on Thursday, September 3rd. They set an "outperform" rating and a $55.00 price objective on the stock. Weiss Ratings upgraded shares of Amalgamated Financial from a "buy (b)" rating to a "buy (b+)" rating in a research report on Friday. Finally, Zacks Research upgraded shares of Amalgamated Financial from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 25th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Amalgamated Financial presently has a consensus rating of "Moderate Buy" and an average target price of $54.00.

Amalgamated Financial Stock Up 0.0%

AMAL stock opened at $46.89 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.63 and a current ratio of 0.64. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 12.34 and a beta of 0.81. Amalgamated Financial has a fifty-two week low of $25.13 and a fifty-two week high of $51.59. The stock has a fifty day moving average of $48.33 and a 200-day moving average of $45.20.

Amalgamated Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Tuesday, August 4th were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, August 4th. This represents a $0.68 annualized dividend and a dividend yield of 1.5%. Amalgamated Financial's dividend payout ratio is currently 18.13%.

Insider Activity

In related news, EVP Sean Searby sold 3,314 shares of the business's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $47.75, for a total transaction of $158,243.50. Following the sale, the executive vice president directly owned 17,466 shares in the company, valued at approximately $834,001.50. The trade was a 15.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder United Workers sold 228,284 shares of the business's stock in a transaction on Monday, September 14th. The shares were sold at an average price of $47.84, for a total value of $10,921,106.56. Following the sale, the insider owned 373,022 shares in the company, valued at approximately $17,845,372.48. The trade was a 37.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,724,705 shares of company stock valued at $83,009,328. 1.63% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AMAL. Farther Finance Advisors LLC increased its position in shares of Amalgamated Financial by 172.0% during the third quarter. Farther Finance Advisors LLC now owns 729 shares of the company's stock valued at $35,000 after buying an additional 461 shares during the period. Congress Asset Management Co. lifted its holdings in shares of Amalgamated Financial by 22.5% in the third quarter. Congress Asset Management Co. now owns 250,093 shares of the company's stock worth $11,897,000 after buying an additional 45,855 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of Amalgamated Financial in the second quarter valued at approximately $30,000. Arizona State Retirement System bought a new position in shares of Amalgamated Financial in the second quarter valued at approximately $227,000. Finally, Amundi bought a new position in shares of Amalgamated Financial in the second quarter valued at approximately $228,000. Institutional investors own 75.93% of the company's stock.

Amalgamated Financial Company Profile

Amalgamated Financial Corp. is the parent company of Amalgamated Bank, a mission-driven financial institution headquartered in New York City. The bank provides banking and financial services to consumers, businesses, nonprofit organizations, labor unions, political organizations and other institutions, with an emphasis on serving customers and industries aligned with its social and environmental values.

Amalgamated Bank's offerings include deposit accounts, commercial and consumer lending, cash-management and treasury services, payment solutions, institutional banking and investment-management services.

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