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MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
His system isolated NVIDIA - Here's His Next Buy. (Ad)
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
His system isolated NVIDIA - Here's His Next Buy. (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
Options Trading Plan–Perfect For Beginners (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
Canadian autoworkers ratify new labor agreement with Ford
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
His system isolated NVIDIA - Here's His Next Buy. (Ad)
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
His system isolated NVIDIA - Here's His Next Buy. (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
Options Trading Plan–Perfect For Beginners (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
Canadian autoworkers ratify new labor agreement with Ford
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
MILAN FASHION PHOTOS: Naomi Campbell stuns at Dolce&Gabbana in collection highlighting lingerie
His system isolated NVIDIA - Here's His Next Buy. (Ad)
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Minnesota's would-be head of cannabis regulation quits amid reports she sold illegal products
His system isolated NVIDIA - Here's His Next Buy. (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
Options Trading Plan–Perfect For Beginners (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
Canadian autoworkers ratify new labor agreement with Ford
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
1.36mentions of Amalgamated Financial in the last 14 days
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


AMAL stock logo

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

AMAL Stock News Headlines

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Parting advice from Philip Lowe
Q2 2023 Amalgamated Bank Earnings Call
Amalgamated Financial's 2Q Deposits Slip 2.1%
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

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:AMAL
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

Net Income
$81.48 million
Pretax Margin
35.30%

Debt

Sales & Book Value

Annual Sales
$282.39 million
Cash Flow
$3.09 per share
Book Value
$16.59 per share

Miscellaneous

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. BrownMr. 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













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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