NASDAQ:AMAL

Amalgamated Financial (AMAL) Stock Price, News & Analysis

$23.98
+0.93 (+4.03%)
(As of 04/24/2024 ET)
Today's Range
$23.16
$23.99
50-Day Range
$21.49
$24.44
52-Week Range
$14.05
$27.77
Volume
188,895 shs
Average Volume
145,676 shs
Market Capitalization
$731.39 million
P/E Ratio
8.38
Dividend Yield
1.67%
Price Target
$29.75

Amalgamated Financial MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
24.1% 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
-0.24mentions of Amalgamated Financial in the last 14 days
Based on 8 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.

2.13 out of 5 stars

Finance Sector

454th out of 855 stocks

State Commercial Banks Industry

107th out of 179 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

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Amalgamated Bank (NY)
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
4/24/2024
Next Earnings (Confirmed)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
N/A
Current Symbol
NASDAQ:AMAL
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
+24.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$87.98 million
Pretax Margin
32.20%

Debt

Sales & Book Value

Annual Sales
$387.41 million
Cash Flow
$3.36 per share
Book Value
$19.26 per share

Miscellaneous

Free Float
30,226,000
Market Cap
$731.39 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. BrownMr. 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

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 twelve months. 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 Wall Street analysts have issued 1-year price targets for Amalgamated Financial's shares. Their AMAL share price targets range from $29.50 to $30.00. On average, they predict the company's stock price to reach $29.75 in the next twelve months. This suggests a possible upside of 24.1% 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 on January 1st, 2024. Since then, AMAL shares have decreased by 11.0% and is now trading at $23.98.
View the best growth stocks for 2024 here
.

Are investors shorting Amalgamated Financial?

Amalgamated Financial saw a increase in short interest in 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 trading volume, of 154,900 shares, the short-interest ratio is presently 5.7 days. Approximately 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) issued its quarterly earnings data on Thursday, January, 25th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.73 by $0.01. The business had revenue of $105.39 million for the quarter, compared to analysts' expectations 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 in the prior year, the firm posted $0.83 EPS.

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 dividend on an annualized basis and a dividend yield of 1.67%. 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 1.76%. 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) acted as the underwriters for the IPO.

Who are Amalgamated Financial's major shareholders?

Amalgamated Financial's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.37%), Denali Advisors LLC (0.10%) and 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 4/24/2024 by MarketBeat.com Staff

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