NASDAQ:AMAL Amalgamated Financial - AMAL Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Amalgamated Financial Corp. Please log in to your account or sign up in order to add this asset to your watchlist. $18.58 +0.38 (+2.09%) (As of 03/24/2023 12:00 AM ET) Add Compare Share Share Today's Range$17.81▼$18.6450-Day Range$17.98▼$24.3152-Week Range$16.82▼$27.33Volume213,149 shsAverage Volume186,311 shsMarket Capitalization$571.15 millionP/E Ratio7.09Dividend Yield2.15%Price Target$27.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Amalgamated Financial MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside45.3% Upside$27.00 Price TargetShort InterestHealthy4.50% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.74Based on 5 Articles This WeekInsider TradingSelling Shares$1.04 M Sold Last QuarterProj. Earnings Growth5.81%From $3.10 to $3.28 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.68 out of 5 starsFinance Sector355th out of 883 stocksState Commercial Banks Industry96th out of 184 stocks 3.3 Analyst's Opinion Consensus RatingAmalgamated Financial has received a consensus rating of 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/DownsideAccording to analysts' consensus price target of $27.00, Amalgamated Financial has a forecasted upside of 45.3% from its current price of $18.58.Amount of Analyst CoverageAmalgamated Financial has only been the subject of 1 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.50% of the float of Amalgamated Financial has been sold short.Short Interest Ratio / Days to CoverAmalgamated Financial has a short interest ratio ("days to cover") of 4.4.Change versus previous monthShort interest in Amalgamated Financial has recently decreased by 4.07%, indicating that investor sentiment is improving. Previous Next 2.5 Dividend Strength Dividend YieldAmalgamated Financial pays a meaningful dividend of 2.20%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthAmalgamated Financial has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Amalgamated Financial is 15.27%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Amalgamated Financial will have a dividend payout ratio of 12.20% next year. This indicates that Amalgamated Financial will be able to sustain or increase its dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for AMAL. Previous Next 3.2 News and Social Media Coverage News SentimentAmalgamated Financial has a news sentiment score of 0.74. 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 news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Amalgamated Financial this week, compared to 2 articles on an average week.Search Interest3 people have searched for AMAL on MarketBeat in the last 30 days. MarketBeat Follows1 people have added Amalgamated Financial to their MarketBeat watchlist in the last 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn 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 $1,043,034.00 in company stock.Percentage Held by InsidersOnly 2.12% of the stock of Amalgamated Financial is held by insiders.Percentage Held by Institutions48.99% of the stock of Amalgamated Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Amalgamated Financial are expected to grow by 5.81% in the coming year, from $3.10 to $3.28 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Amalgamated Financial is 7.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.29.Price to Earnings Ratio vs. SectorThe P/E ratio of Amalgamated Financial is 7.09, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 136.93.Price to Book Value per Share RatioAmalgamated 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. Previous Next See Top Rated MarketRank™ Stocks Here About Amalgamated Financial (NASDAQ:AMAL) StockAmalgamated Financial Corp. operates as a holding company for Amalgamated Bank. It offers commercial and retail banking, investment management, and trust custody segments. The company was founded in 1923 and is headquartered in New York, NY.Read More Receive AMAL Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Amalgamated Financial and its competitors with MarketBeat's FREE daily newsletter. Email Address AMAL Stock News HeadlinesMarch 23, 2023 | marketwatch.comSugar Beet Market Outlook to 2028March 22, 2023 | forbes.com11 Circumstances Where Investors Should Consider A Major Portfolio OverhaulMarch 26, 2023 | Investor Place Media (Ad)The "King Of Quants" sees 10X potential...Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. 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(NASDAQ:AMAL) For Its Upcoming Dividend?January 31, 2023 | seekingalpha.comAmalgamated Bank Offers A Differentiated Play On ESG-Compliant LendingJanuary 28, 2023 | finance.yahoo.comAmalgamated Financial Full Year 2022 Earnings: EPS Beats ExpectationsJanuary 26, 2023 | seekingalpha.comAmalgamated Bank declares $0.10 dividendJanuary 26, 2023 | apnews.comAmalgamated Financial: Q4 Earnings SnapshotSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive AMAL Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Amalgamated Financial and its competitors with MarketBeat's FREE daily newsletter. Email Address AMAL Company Calendar Last Earnings1/26/2023Ex-Dividend for 2/20 Dividend2/03/2023Dividend Payable2/20/2023Today3/26/2023Next Earnings (Estimated)4/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:AMAL CUSIPN/A CIK1823608 Webwww.amalgamatedbank.com Phone(212) 255-6200FaxN/AEmployees375Year FoundedN/APrice Target and Rating Average Stock Price Forecast$27.00 High Stock Price Forecast$29.00 Low Stock Price Forecast$24.00 Forecasted Upside/Downside+45.3%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$2.62 Trailing P/E Ratio7.09 Forward P/E Ratio5.99 P/E GrowthN/ANet Income$81.48 million Net Margins28.85% Pretax Margin38.30% Return on Equity16.68% Return on Assets1.08% Debt Debt-to-Equity Ratio1.29 Current Ratio0.64 Quick Ratio0.64 Sales & Book Value Annual Sales$282.39 million Price / Sales2.02 Cash Flow$3.15 per share Price / Cash Flow5.90 Book Value$16.59 per share Price / Book1.12Miscellaneous Outstanding Shares30,740,000Free Float30,084,000Market Cap$571.15 million OptionableNot Optionable Beta0.80 Key ExecutivesPriscilla Sims BrownPresident, Chief Executive Officer & DirectorSean SearbyChief Operating Officer & Executive Vice PresidentJason DarbyChief Financial Officer & Senior Vice PresidentMandy TennerExecutive Vice President & General CounselSherry WilliamsChief Risk Officer & Executive Vice PresidentKey CompetitorsCustomers BancorpNYSE:CUBIHarborOne BancorpNASDAQ:HONECrossFirst BanksharesNASDAQ:CFBWashington Trust BancorpNASDAQ:WASHFirst Mid BancsharesNASDAQ:FMBHView All CompetitorsInsiders & InstitutionsETF Managers Group LLCBought 1,564 shares on 3/23/2023Ownership: 0.130%MetLife Investment Management LLCBought 1,849 shares on 3/23/2023Ownership: 0.030%Financial Corp. AmalgamatedSold 45,155 sharesTotal: $993,861.55 ($22.01/share)Sean SearbySold 2,096 sharesTotal: $49,172.16 ($23.46/share)Truist Financial CorpBought 24,019 shares on 2/17/2023Ownership: 0.078%View All Insider TransactionsView 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 twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "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 12 month price objectives for Amalgamated Financial's shares. Their AMAL share price forecasts range from $24.00 to $29.00. On average, they expect the company's share price to reach $27.00 in the next year. This suggests a possible upside of 45.3% 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 on January 1st, 2023. Since then, AMAL shares have decreased by 19.4% and is now trading at $18.58. 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, April 27th 2023. View our AMAL earnings forecast. How were Amalgamated Financial's earnings last quarter? Amalgamated Financial Corp. (NASDAQ:AMAL) posted its quarterly earnings results on Thursday, January, 26th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.10. The firm had revenue of $71.57 million for the quarter, compared to the consensus estimate of $73.11 million. Amalgamated Financial had a trailing twelve-month return on equity of 16.68% and a net margin of 28.85%. How often does Amalgamated Financial pay dividends? What is the dividend yield for Amalgamated Financial? Amalgamated Financial declared a quarterly dividend on Tuesday, January 24th. Shareholders of record on Monday, February 6th will be given a dividend of $0.10 per share on Monday, February 20th. This represents a $0.40 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Friday, February 3rd. Read our dividend analysis for AMAL. What ETFs hold Amalgamated Financial's stock? ETFs with the largest weight of Amalgamated Financial (NASDAQ:AMAL) stock in their portfolio include Innovator IBD Breakout Opportunities ETF (BOUT), First Trust Dow Jones Select Microcap Index Fund (FDM), Etho Climate Leadership US ETF (ETHO), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), First Trust NASDAQ ABA Community Bank Index Fund (QABA), SPDR S&P Regional Banking ETF (KRE), Janus Henderson Small Cap Growth Alpha ETF (JSML) and Dimensional US Small Cap Value ETF (DFSV). 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 2.20%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 15.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMAL will have a dividend payout ratio of 12.20% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for AMAL. 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 $15.00-$17.00 per share. Barclays, J.P.Morgan and Keefe, Bruyette & Woods (A Stifel Company) served 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 variety of institutional and retail investors. Top institutional shareholders include Brown Advisory Inc. (2.91%), Dimensional Fund Advisors LP (1.90%), DekaBank Deutsche Girozentrale (1.80%), First Manhattan Co. (1.37%), Geode Capital Management LLC (1.10%) and Schroder Investment Management Group (1.09%). Insiders that own company stock include Arthur Prusan, Deborah Silodor, Financial Corp Amalgamated, Finser Mark, Jason Darby, Keith Mestrich, Sam D Brown and Sean Searby. 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 $18.58. How much money does Amalgamated Financial make? Amalgamated Financial (NASDAQ:AMAL) has a market capitalization of $571.15 million and generates $282.39 million in revenue each year. The company earns $81.48 million in net income (profit) each year or $2.62 on an earnings per share basis. How many employees does Amalgamated Financial have? The company employs 375 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 3/26/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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