Should I buy or sell Amalgamated Financial stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Amalgamated Financial in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AMAL shares. View AMAL analyst ratings or view top-rated stocks .

What is Amalgamated Financial's stock price target for 2024?

2 analysts have issued 12-month price objectives for Amalgamated Financial's shares. Their AMAL share price targets range from $29.50 to $30.00. On average, they expect the company's stock price to reach $29.75 in the next year. This suggests a possible upside of 38.1% 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 2024?

Amalgamated Financial's stock was trading at $26.94 at the start of the year. Since then, AMAL shares have decreased by 20.0% and is now trading at $21.55. View the best growth stocks for 2024 here .

Are investors shorting Amalgamated Financial?

Amalgamated Financial saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 881,100 shares, an increase of 5.3% from the March 15th total of 837,000 shares. Based on an average daily volume of 154,900 shares, the short-interest ratio is currently 5.7 days. Currently, 5.0% of the shares of the stock are short sold. View Amalgamated Financial's Short Interest .

When is Amalgamated Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024. View our AMAL earnings forecast .

How can I listen to Amalgamated Financial's earnings call?

Amalgamated Financial will be holding an earnings conference call on Thursday, April 25th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671.

How were Amalgamated Financial's earnings last quarter?

Amalgamated Financial Corp. (NASDAQ:AMAL) announced its quarterly earnings results on Thursday, January, 25th. The company reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $0.73 by $0.01. The company earned $105.39 million during the quarter, compared to analyst estimates of $71.59 million. Amalgamated Financial had a net margin of 22.71% and a trailing twelve-month return on equity of 16.60%. During the same quarter last year, the business earned $0.83 earnings per share.

How often does Amalgamated Financial pay dividends? What is the dividend yield for Amalgamated Financial?

Amalgamated Financial declared a quarterly dividend on Tuesday, January 23rd. Investors of record on Tuesday, February 6th will be given a dividend of $0.10 per share on Friday, February 23rd. This represents a $0.40 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Monday, February 5th. Read our dividend analysis for AMAL .

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 1.86%. The dividend payout ratio is 13.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMAL will have a dividend payout ratio of 12.27% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for AMAL .

What ETF holds Amalgamated Financial's stock?

Hypatia Women CEO ETF holds 1,449 shares of AMAL stock, representing 1.14% of its portfolio.

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?

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?

Amalgamated Financial's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.02%). Insiders that own company stock include Arthur Prusan , Deborah Silodor , Financial Corp Amalgamated, Finser Mark , Jason Darby, Mandy Tenner, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:AMAL

Amalgamated Financial (AMAL) Stock Price, News & Analysis

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$21.55

+0.06 (+0.28%)

(As of 04/18/2024 ET)

Compare

Today's Range: $21.44
▼
$21.72
50-Day Range: $21.49
▼
$24.78
52-Week Range: $14.05
▼
$27.77

Volume: 80,431 shs
Average Volume: 147,191 shs
Market Capitalization: $657.28 million

P/E Ratio: 7.53
Dividend Yield: 1.86%
Price Target: $29.75

Get Amalgamated Financial alerts:

Amalgamated Financial MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 38.1% Upside
$29.75 Price Target
Short Interest: Bearish
5.02% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.09
Based on 9 Articles This Week
Insider Trading: Selling Shares
$35,374 Sold Last Quarter
Proj. Earnings Growth: 6.19%
From $3.07 to $3.26 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.

3.21 out of 5 stars

Finance Sector

460th out of 822 stocks

State Commercial Banks Industry

116th out of 172 stocks

3.5

Analyst's Opinion

Consensus Rating
Amalgamated Financial has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Amalgamated Financial has only been the subject of 2 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
5.02% 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 5.7.
Change versus previous month
Short interest in Amalgamated Financial has recently increased by 5.27%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Amalgamated Financial pays a meaningful dividend of 1.86%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Amalgamated Financial does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Amalgamated Financial is 13.99%. 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 12.27% 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.

1.7

News and Social Media Coverage

News Sentiment
Amalgamated Financial has a news sentiment score of 0.09. 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 lower news sentiment than the 0.60 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Amalgamated Financial this week, compared to 3 articles on an average week.
Search Interest
Only 1 people have searched for AMAL on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Amalgamated Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

2.5

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 $35,374.00 in company stock.
Percentage Held by Insiders
Only 1.42% of the stock of Amalgamated Financial is held by insiders.
Percentage Held by Institutions
75.93% 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 6.19% in the coming year, from $3.07 to $3.26 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Amalgamated Financial is 7.53, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.19.
Price to Earnings Ratio vs. Sector
The P/E ratio of Amalgamated Financial is 7.53, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.84.
Price to Book Value per Share Ratio
Amalgamated Financial has a P/B Ratio of 1.12. 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 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

30 days | 90 days | 365 days | Advanced Chart

AMAL Stock News Headlines

April 18, 2024 | americanbankingnews.com

Amalgamated Financial (AMAL) Set to Announce Quarterly Earnings on Thursday

April 17, 2024 | americanbankingnews.com

Short Interest in Amalgamated Financial Corp. (NASDAQ:AMAL) Rises By 5.3%

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Amalgamated Financial Corp. Announces First Quarter 2024 Earnings Conference Call

April 10, 2024 | forbes.com

Amalgamated Bank (NY)

April 3, 2024 | bloomberg.com

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April 2, 2024 | msn.com

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Aditya Birla Capital to merge with AB Fin

March 9, 2024 | edition.cnn.com

Amalgamated Financial Corp

March 7, 2024 | markets.businessinsider.com

Analysts Offer Insights on Financial Companies: Amalgamated Bank (AMAL) and TriplePoint Venture Growth (TPVG)

February 29, 2024 | bizjournals.com

Amalgamated Bank of Chicago names Nick Weaver president, succeeding James Landenberger

See More Headlines

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Company Calendar

Last Earnings: 1/25/2024
Ex-Dividend for 2/23 Dividend: 2/05/2024
Dividend Payable: 2/23/2024
Today: 4/18/2024
Next Earnings (Confirmed): 4/25/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: State commercial banks
Sub-Industry: N/A
Current Symbol: NASDAQ:AMAL
CUSIP: N/A
CIK: 1823608
Web: www.amalgamatedbank.com
Phone: (212) 255-6200
Fax: N/A
Employees: 425
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $29.75
High Stock Price Target: $30.00
Low Stock Price Target: $29.50
Potential Upside/Downside: +38.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.86
Trailing P/E Ratio: 7.53
Forward P/E Ratio: 7.02
P/E Growth: N/A
Net Income: $87.98 million
Net Margins: 22.71%
Pretax Margin: 32.20%
Return on Equity: 16.60%
Return on Assets: 1.15%

Debt

Debt-to-Equity Ratio: 0.52
Current Ratio: 0.65
Quick Ratio: 0.65

Sales & Book Value

Annual Sales: $387.41 million
Price / Sales: 1.70
Cash Flow: $3.19 per share
Price / Cash Flow: 6.76
Book Value: $19.26 per share
Price / Book: 1.12

Miscellaneous

Outstanding Shares: 30,500,000
Free Float: 30,067,000
Market Cap: $657.28 million
Optionable: Optionable
Beta: 0.94

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Key Executives

Ms. Priscilla Sims Brown (Age 67)
President, CEO & Director
Comp: $1.93M
Mr. Jason Darby (Age 51)
CFO & Senior Executive VP
Comp: $725.61k
Mr. Sam D. Brown (Age 42)
Senior EVP & Chief Banking Officer
Comp: $838.83k
Mr. Sean Searby (Age 42)
Executive VP & COO
Ms. Leslie S. Veluswamy (Age 39)
Executive VP & Chief Accounting Officer
Ms. Mandy Tenner (Age 44)
Executive VP & General Counsel
Mr. Kenneth A. Schmidt
Executive Vice President of Finance
Mr. Ivan Frishberg
Senior VP & Chief Sustainability Officer
Mr. Jim Lingberg
Senior VP & Chief Trust Officer
Ms. Molly Culhane
Senior VP & Mid-Atlantic Regional Director

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AMAL Stock Analysis - Frequently Asked Questions

Should I buy or sell Amalgamated Financial stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Amalgamated Financial in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AMAL shares.
View AMAL analyst ratings or view top-rated stocks.
What is Amalgamated Financial's stock price target for 2024?: 2 analysts have issued 12-month price objectives for Amalgamated Financial's shares. Their AMAL share price targets range from $29.50 to $30.00. On average, they expect the company's stock price to reach $29.75 in the next year. This suggests a possible upside of 38.1% 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 2024?: Amalgamated Financial's stock was trading at $26.94 at the start of the year. Since then, AMAL shares have decreased by 20.0% and is now trading at $21.55.
View the best growth stocks for 2024 here.
Are investors shorting Amalgamated Financial?: Amalgamated Financial saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 881,100 shares, an increase of 5.3% from the March 15th total of 837,000 shares. Based on an average daily volume of 154,900 shares, the short-interest ratio is currently 5.7 days. Currently, 5.0% of the shares of the stock are short sold.
View Amalgamated Financial's Short Interest.
When is Amalgamated Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our AMAL earnings forecast.
How can I listen to Amalgamated Financial's earnings call?: Amalgamated Financial will be holding an earnings conference call on Thursday, April 25th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671.
How were Amalgamated Financial's earnings last quarter?: Amalgamated Financial Corp. (NASDAQ:AMAL) announced its quarterly earnings results on Thursday, January, 25th. The company reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $0.73 by $0.01. The company earned $105.39 million during the quarter, compared to analyst estimates of $71.59 million. Amalgamated Financial had a net margin of 22.71% and a trailing twelve-month return on equity of 16.60%. During the same quarter last year, the business earned $0.83 earnings per share.
How often does Amalgamated Financial pay dividends? What is the dividend yield for Amalgamated Financial?: Amalgamated Financial declared a quarterly dividend on Tuesday, January 23rd. Investors of record on Tuesday, February 6th will be given a dividend of $0.10 per share on Friday, February 23rd. This represents a $0.40 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Monday, February 5th.
Read our dividend analysis for AMAL.

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 1.86%. The dividend payout ratio is 13.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMAL will have a dividend payout ratio of 12.27% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AMAL.
What ETF holds Amalgamated Financial's stock?: Hypatia Women CEO ETF holds 1,449 shares of AMAL stock, representing 1.14% of its portfolio.
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?: 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?: Amalgamated Financial's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.02%). Insiders that own company stock include Arthur Prusan, Deborah Silodor, Financial Corp Amalgamated, Finser Mark, Jason Darby, Mandy Tenner, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:AMAL) was last updated on 4/19/2024 by MarketBeat.com Staff

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Amalgamated Financial (AMAL) Stock Price, News & Analysis

Amalgamated Financial MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Amalgamated Financial Stock (NASDAQ:AMAL)

AMAL Stock Price History

AMAL Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

AMAL Stock Analysis - Frequently Asked Questions

Overall MarketRank^™