NASDAQ:AMAL

Amalgamated Financial (AMAL) Stock Forecast, Price & News

$17.28

+0.13 (+0.76%)

(As of 09/22/2023 ET)

Compare

Today's Range: $16.78
▼
$17.38
50-Day Range: $17.12
▼
$20.46
52-Week Range: $14.05
▼
$27.33

Volume: 54,212 shs
Average Volume: 65,384 shs
Market Capitalization: $526.35 million

P/E Ratio: 5.90
Dividend Yield: 2.31%
Price Target: $24.83

Amalgamated Financial MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 43.7% Upside
$24.83 Price Target
Short Interest: Bearish
3.71% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.36
Based on 2 Articles This Week
Insider Trading: Selling Shares
$20,102 Sold Last Quarter
Proj. Earnings Growth: 1.41%
From $2.84 to $2.88 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.54 out of 5 stars

Finance Sector

339th out of 845 stocks

State Commercial Banks Industry

88th out of 176 stocks

3.3

Analyst's Opinion

Consensus Rating
Amalgamated Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $24.83, Amalgamated Financial has a forecasted upside of 43.7% from its current price of $17.28.
Amount of Analyst Coverage
Amalgamated Financial has only been the subject of 1 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
3.71% of the float of Amalgamated Financial has been sold short.
Short Interest Ratio / Days to Cover
Amalgamated Financial has a short interest ratio ("days to cover") of 5.4.
Change versus previous month
Short interest in Amalgamated Financial has recently increased by 2.47%, indicating that investor sentiment is decreasing.

2.5

Dividend Strength

Dividend Yield
Amalgamated Financial pays a meaningful dividend of 2.31%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Amalgamated Financial has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Amalgamated Financial is 13.65%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Amalgamated Financial will have a dividend payout ratio of 13.89% next year. This indicates that Amalgamated Financial will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for AMAL.

3.0

News and Social Media Coverage

News Sentiment
Amalgamated Financial has a news sentiment score of 1.36. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.71 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Amalgamated Financial this week, compared to 3 articles on an average week.
MarketBeat Follows
2 people have added Amalgamated Financial to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Amalgamated Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $20,102.00 in company stock.
Percentage Held by Insiders
Only 1.42% of the stock of Amalgamated Financial is held by insiders.
Percentage Held by Institutions
52.14% of the stock of Amalgamated Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Amalgamated Financial are expected to grow by 1.41% in the coming year, from $2.84 to $2.88 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Amalgamated Financial is 5.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.85.
Price to Earnings Ratio vs. Sector
The P/E ratio of Amalgamated Financial is 5.90, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 65.76.
Price to Book Value per Share Ratio
Amalgamated Financial has a P/B Ratio of 1.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Amalgamated Financial (NASDAQ:AMAL) Stock

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; and retail loans, such as residential real estate, 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. The company was founded in 1923 and is headquartered in New York, New York.

AMAL Price History

30 days | 90 days | 365 days | Advanced Chart

AMAL Stock News Headlines

September 22, 2023 | msn.com

Is Amalgamated Financial (AMAL) a Great Stock for Value Investors?

September 14, 2023 | msn.com

Are Investors Undervaluing Amalgamated Financial (AMAL) Right Now?

September 24, 2023 | Chaikin Analytics (Ad)

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September 13, 2023 | msn.com

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September 10, 2023 | afr.com

Big industry super unites in political lobbying power play

September 8, 2023 | cnbc.com

CNBC Launches New Brand Campaign 'Live Ambitiously' to Empower Viewers to Achieve Their Financial Aspirations

August 31, 2023 | ft.com

The Fed gets ratioed, bank capital edition

August 29, 2023 | benzinga.com

Speyside Completes Continuation Vehicle with Opta

September 24, 2023 | Chaikin Analytics (Ad)

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August 29, 2023 | msn.com

Is Amalgamated Financial (AMAL) Stock Undervalued Right Now?

August 26, 2023 | markets.businessinsider.com

ACKO General Insurance Empowers Customers with Insights into the Key Factors Influencing Car Insurance Premiums

August 14, 2023 | afr.com

Parting advice from Philip Lowe

August 11, 2023 | juniorminingnetwork.com

Metalla Royalty & Streaming Reports Financial Results for Second Quarter of 2023 and Provides Asset Updates

August 3, 2023 | msn.com

JP Morgan Maintains Amalgamated Financial (AMAL) Neutral Recommendation

August 1, 2023 | msn.com

Amalgamated Financial's Q2: A 'Super-Core' Strategy For Stability

August 1, 2023 | finance.yahoo.com

There's A Lot To Like About Amalgamated Financial's (NASDAQ:AMAL) Upcoming US$0.10 Dividend

July 30, 2023 | finance.yahoo.com

Amalgamated Financial Corp. (NASDAQ:AMAL) Q2 2023 Earnings Call Transcript

July 29, 2023 | finance.yahoo.com

Amalgamated Financial (NASDAQ:AMAL) Will Pay A Dividend Of $0.10

July 29, 2023 | seekingalpha.com

Amalgamated Financial Corp. 2023 Q2 - Results - Earnings Call Presentation

July 28, 2023 | finance.yahoo.com

Q2 2023 Amalgamated Bank Earnings Call

July 28, 2023 | msn.com

Amalgamated Financial (AMAL) Q2 Earnings Meet Estimates

July 28, 2023 | msn.com

Amalgamated Financial (AMAL) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

July 27, 2023 | finance.yahoo.com

Amalgamated Financial Corp. Reports Second Quarter 2023 Financial Results; Immediate Liquidity Coverage at 183% of Uninsured Non Super-Core Deposits

July 27, 2023 | markets.businessinsider.com

Here's what Wall Street expects from Amalgamated Financial's earnings

July 21, 2023 | msn.com

Why Amalgamated Financial (AMAL) Could Beat Earnings Estimates Again

July 17, 2023 | marketwatch.com

Amalgamated Financial's 2Q Deposits Slip 2.1%

July 17, 2023 | finance.yahoo.com

Amalgamated Financial Corp. Reports Preliminary Results for the Second Quarter 2023 and Announces Second Quarter 2023 Earnings Conference Call

See More Headlines

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AMAL Company Calendar

Last Earnings: 7/27/2023
Ex-Dividend for 8/22 Dividend: 8/04/2023
Dividend Payable: 8/22/2023
Today: 9/24/2023
Next Earnings (Estimated): 10/26/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: State commercial banks
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:AMAL
CUSIP: N/A
CIK: 1823608
Web: www.amalgamatedbank.com
Phone: (212) 255-6200
Fax: N/A
Employees: 409
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $24.83
High Stock Price Forecast: $28.00
Low Stock Price Forecast: $21.50
Forecasted Upside/Downside: +43.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.93
Trailing P/E Ratio: 5.90
Forward P/E Ratio: 6.08
P/E Growth: N/A
Net Income: $81.48 million
Net Margins: 26.47%
Pretax Margin: 35.30%
Return on Equity: 18.54%
Return on Assets: 1.21%

Debt

Debt-to-Equity Ratio: 0.57
Current Ratio: 0.62
Quick Ratio: 0.62

Sales & Book Value

Annual Sales: $282.39 million
Price / Sales: 1.86
Cash Flow: $3.09 per share
Price / Cash Flow: 5.60
Book Value: $16.59 per share
Price / Book: 1.04

Miscellaneous

Outstanding Shares: 30,460,000
Free Float: 30,024,000
Market Cap: $526.35 million
Optionable: Not Optionable
Beta: 0.82

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Key Executives

Ms. Priscilla Sims Brown (Age 66)
Pres, CEO & Director
Comp: $1.93M

Mr. Jason Darby (Age 50)
CFO & Sr. Exec. VP
Comp: $725.61k

Mr. Sam D. Brown (Age 41)
Sr. EVP & Chief Banking Officer
Comp: $838.83k

Mr. Sean Searby (Age 41)
Exec. VP & COO

Ms. Leslie S. Veluswamy (Age 38)
Exec. VP & Chief Accounting Officer

Mr. Bruce Rucinski (Age 51)
Exec. VP & Chief Information Officer

Ms. Mandy Tenner (Age 43)
Exec. VP & Gen. Counsel

Mr. Peter Neiman
Chief Marketing Officer & Exec. VP

Mr. Kenneth A. Schmidt
Exec. VP of Fin.

Mr. Ivan Frishberg
Sr. VP & Chief Sustainability Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AMAL Stock - Frequently Asked Questions

Should I buy or sell Amalgamated Financial stock right now?: 3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Amalgamated Financial in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" AMAL shares.
View AMAL analyst ratings or view top-rated stocks.
What is Amalgamated Financial's stock price forecast for 2023?: 3 brokerages have issued 1-year price objectives for Amalgamated Financial's shares. Their AMAL share price forecasts range from $21.50 to $28.00. On average, they anticipate the company's stock price to reach $24.83 in the next twelve months. This suggests a possible upside of 43.7% from the stock's current price.
View analysts price targets for AMAL or view top-rated stocks among Wall Street analysts.
How have AMAL shares performed in 2023?: Amalgamated Financial's stock was trading at $23.04 at the beginning of the year. Since then, AMAL stock has decreased by 25.0% and is now trading at $17.28.
View the best growth stocks for 2023 here.
When is Amalgamated Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our AMAL earnings forecast.
How were Amalgamated Financial's earnings last quarter?: Amalgamated Financial Corp. (NASDAQ:AMAL) issued its quarterly earnings data on Thursday, July, 27th. The company reported $0.72 earnings per share for the quarter, hitting analysts' consensus estimates of $0.72. The company had revenue of $70.93 million for the quarter, compared to the consensus estimate of $70.29 million. Amalgamated Financial had a trailing twelve-month return on equity of 18.54% and a net margin of 26.47%.
How often does Amalgamated Financial pay dividends? What is the dividend yield for Amalgamated Financial?: Amalgamated Financial announced a quarterly dividend on Tuesday, July 25th. Shareholders of record on Monday, August 7th will be given a dividend of $0.10 per share on Tuesday, August 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Friday, August 4th.
Read our dividend analysis for AMAL.
What ETF holds Amalgamated Financial's stock ?: Hypatia Women CEO ETF holds 1,723 shares of AMAL stock, representing 1.27% of its portfolio.
Is Amalgamated Financial a good dividend stock?: Amalgamated Financial (NASDAQ:AMAL) pays an annual dividend of $0.40 per share and currently has a dividend yield of 2.31%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 13.65%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMAL will have a dividend payout ratio of 13.89% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AMAL.

What guidance has Amalgamated Financial issued on next quarter's earnings?: Amalgamated Financial issued an update on its second quarter 2023 earnings guidance on Tuesday, July, 18th. The company provided EPS guidance of $0.72-$0.72 for the period, compared to the consensus earnings per share estimate of $0.74. The company issued revenue guidance of -.
What other stocks do shareholders of Amalgamated Financial own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Amalgamated Financial investors own include Pfizer (PFE), Verizon Communications (VZ), Suncor Energy (SU), Exxon Mobil (XOM), AbbVie (ABBV), Advanced Micro Devices (AMD), Comcast (CMCSA), Eastman Chemical (EMN), Enterprise Products Partners (EPD) and Energy Transfer (ET).
When did Amalgamated Financial IPO?: (AMAL) raised $107 million in an initial public offering (IPO) 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) acted as the underwriters for the IPO.
What is Amalgamated Financial's stock symbol?: Amalgamated Financial trades on the NASDAQ under the ticker symbol "AMAL."
Who are Amalgamated Financial's major shareholders?: Amalgamated Financial's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.95%), Brown Advisory Inc. (2.71%), Goldman Sachs Group Inc. (2.51%), DekaBank Deutsche Girozentrale (2.02%), State Street Corp (1.44%) and Geode Capital Management LLC (1.23%). Insiders that own company stock include Arthur Prusan, Deborah Silodor, Financial Corp Amalgamated, Finser Mark, Jason Darby, Keith Mestrich, Maryann Bruce, Sam D Brown, Sean Searby and Tyrone Graham.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Amalgamated Financial's stock price today?: One share of AMAL stock can currently be purchased for approximately $17.28.
How much money does Amalgamated Financial make?: Amalgamated Financial (NASDAQ:AMAL) has a market capitalization of $526.35 million and generates $282.39 million in revenue each year. The company earns $81.48 million in net income (profit) each year or $2.93 on an earnings per share basis.
How many employees does Amalgamated Financial have?: The company employs 409 workers across the globe.
How can I contact Amalgamated Financial?: The official website for the company is www.amalgamatedbank.com. The company can be reached via phone at (212) 255-6200 or via email at investorrelations@amalgamatedbank.com.

This page (NASDAQ:AMAL) was last updated on 9/24/2023 by MarketBeat.com Staff

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