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NASDAQ:AMAL

Amalgamated Financial (AMAL) Stock Price, News & Analysis

$32.21
+0.91 (+2.91%)
(As of 07/26/2024 ET)
Today's Range
$30.79
$32.26
50-Day Range
$24.46
$32.01
52-Week Range
$15.19
$32.79
Volume
222,713 shs
Average Volume
142,052 shs
Market Capitalization
$983.05 million
P/E Ratio
10.53
Dividend Yield
1.49%
Price Target
$30.50

Amalgamated Financial MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
5.3% Downside
$30.50 Price Target
Short Interest
Bearish
5.53% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.40mentions of Amalgamated Financial in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$545,949 Sold Last Quarter
Proj. Earnings Growth
9.03%
From $3.10 to $3.38 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.32 out of 5 stars

Finance Sector

602nd out of 898 stocks

State Commercial Banks Industry

136th out of 181 stocks

AMAL stock logo

About Amalgamated Financial Stock (NASDAQ:AMAL)

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. It also provides various commercial loans comprising commercial and industrial, multifamily mortgage, and commercial real estate loans; residential mortgage loans; and retail loans, such as residential real estate, consumer solar, and consumer and other loans. In addition, the company offers online banking, bill payment, online cash management, and safe deposit box rental services; debit and ATM cards; and trust, custody, and investment management services comprising asset safekeeping, corporate actions, income collections, proxy, account transition, asset transfers, and conversion management services. Further, it provides investment products, such as funds spanning equity, fixed-income, real estate, and alternative investment products; and brokerage, asset management, and insurance products. Amalgamated Financial Corp. was founded in 1923 and is headquartered in New York, New York.

AMAL Stock Price History

AMAL Stock News Headlines

New trading system called MSFT, NVDA & MSFT
Look 2023 kind of sucked from a trading standpoint… Despite the market finishing 24% higher…. Just seven stocks did all of the work… Unless you were holding or actively trading those 7 stocks, your trading year probably wasn’t as fruitful as you had hoped… According to my research, my new trading system would have spotted all seven of the “Magnificent stocks” MONTHS before they reached the highs they are trading at today.
Amalgamated Financial (AMAL) Scheduled to Post Earnings on Thursday
New trading system called MSFT, NVDA & MSFT
Look 2023 kind of sucked from a trading standpoint… Despite the market finishing 24% higher…. Just seven stocks did all of the work… Unless you were holding or actively trading those 7 stocks, your trading year probably wasn’t as fruitful as you had hoped… According to my research, my new trading system would have spotted all seven of the “Magnificent stocks” MONTHS before they reached the highs they are trading at today.
Blue Wolf Capital Names Steve Sleigh Senior Advisor
Amalgamated Financial: Decent Enough
See More Headlines
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Company Calendar

Last Earnings
4/25/2024
Ex-Dividend for 5/22 Dividend
5/07/2024
Dividend Payable
5/22/2024
Today
7/26/2024
Ex-Dividend for 8/22 Dividend
8/06/2024
Dividend Payable
8/22/2024
Next Earnings (Estimated)
10/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Banking
Current Symbol
NASDAQ:AMAL
Fax
N/A
Employees
380
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$30.50
High Stock Price Target
$32.50
Low Stock Price Target
$29.00
Potential Upside/Downside
-5.3%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$87.98 million
Pretax Margin
33.22%

Debt

Sales & Book Value

Annual Sales
$387.41 million
Cash Flow
$3.22 per share
Book Value
$19.26 per share

Miscellaneous

Free Float
30,249,000
Market Cap
$983.05 million
Optionable
Optionable
Beta
0.94
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Key Executives

  • Ms. Priscilla Sims Brown (Age 67)
    President, CEO & Director
    Comp: $1.88M
  • Mr. Jason Darby (Age 51)
    CFO & Senior Executive VP
    Comp: $803.78k
  • Mr. Sean Searby (Age 42)
    Executive VP & COO
    Comp: $555.41k
  • Mr. Sam D. BrownMr. Sam D. Brown (Age 42)
    Senior EVP & Chief Banking Officer
    Comp: $825.11k
  • Ms. Margaret Matilda Lanning (Age 70)
    EVP & Chief Credit Risk Officer
    Comp: $535.75k
  • Ms. Leslie S. Veluswamy (Age 39)
    Executive VP & Chief Accounting Officer
  • Mr. Adrian Glace (Age 47)
    Senior VP & Chief Technology Officer
  • Mr. Edgar Romney Jr. (Age 44)
    Senior VP & Chief Strategy and Administrative Officer
  • Ms. Mandy Tenner (Age 44)
    Executive VP & General Counsel
  • Mr. Tye Graham (Age 60)
    EVP & Chief Human Resources Officer

AMAL Stock Analysis - Frequently Asked Questions

How have AMAL shares performed this year?

Amalgamated Financial's stock was trading at $26.94 at the beginning of 2024. Since then, AMAL shares have increased by 19.6% and is now trading at $32.21.
View the best growth stocks for 2024 here
.

How were Amalgamated Financial's earnings last quarter?

Amalgamated Financial Corp. (NASDAQ:AMAL) announced its earnings results on Thursday, April, 25th. The company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.11. The company had revenue of $107.16 million for the quarter, compared to the consensus estimate of $75.77 million. Amalgamated Financial had a net margin of 23.22% and a trailing twelve-month return on equity of 16.34%.

When did Amalgamated Financial IPO?

Amalgamated Financial (AMAL) raised $107 million in an initial public offering on Thursday, August 9th 2018. The company issued 6,700,000 shares at a price of $15.00-$17.00 per share. Barclays, J.P.Morgan and Keefe, Bruyette & Woods (A Stifel Company) served as the underwriters for the IPO.

Who are Amalgamated Financial's major shareholders?

Top institutional investors of Amalgamated Financial include Bank of New York Mellon Corp (0.52%), Clean Yield Group (0.47%), Summit Global Investments (0.05%) and SG Americas Securities LLC (0.04%). Insiders that own company stock include Financial Corp Amalgamated, Jason Darby, Sam D Brown, Sean Searby, Finser Mark, Maryann Bruce, Edgar Romney Jr, Mandy Tenner, Tyrone Graham, Arthur Prusan and Deborah Silodor.
View institutional ownership trends
.

How do I buy shares of Amalgamated Financial?

Shares of AMAL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Amalgamated Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Amalgamated Financial investors own include Pfizer (PFE), Verizon Communications (VZ), Suncor Energy (SU), Exxon Mobil (XOM), AbbVie (ABBV), Advanced Micro Devices (AMD) and Comcast (CMCSA).

This page (NASDAQ:AMAL) was last updated on 7/26/2024 by MarketBeat.com Staff

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