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NASDAQ:AMAL

Amalgamated Bank Stock Forecast, Price & News

$10.52
-0.10 (-0.94 %)
(As of 09/24/2020 12:00 AM ET)
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Today's Range
$10.49
Now: $10.52▼
$10.94
50-Day Range
$10.62
MA: $12.01▼
$12.85
52-Week Range
$7.90
Now: $10.52▼
$20.00
Volume36,753 shs
Average Volume79,553 shs
Market Capitalization$334.23 million
P/E Ratio7.46
Dividend Yield3.01%
Beta0.8
Amalgamated Bank, together with its subsidiaries, operates as a commercial bank and a chartered trust company in the United States. The company offers deposit products, including non-interest and interest-bearing demand accounts, savings and money market accounts, NOW accounts, and certificates of deposit. It also provides residential mortgage and commercial real estate loans, commercial and industrial loans, multifamily mortgages, 1-4 family real estate loans, construction and land loans, leveraged loans for commercial loans, consumer/small business and purchased student loans, and home equity lines of credit. In addition, the company offers online banking, bill payment, online cash management, and safe deposit box rental services; debit, prepaid, 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 equity, fixed-income, real estate, and alternative investment products; and brokerage, asset management, and insurance products. It serves advocacy-based non-profits, social welfare organizations, labor unions, political organizations, foundations, socially responsible businesses, and other for-profit companies, as well as their members and stakeholders. The company operates a network of 11 branches in New York City; one branch in Washington, D.C.; and one branch in San Francisco, as well as a digital banking and mobile platform. The company was formerly known as Amalgamated Bank of New York and changed its name to Amalgamated Bank in 2000. The company was founded in 1923 and is headquartered in New York, New York. Amalgamated Bank is a subsidiary of Workers United.
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Amalgamated Bank logo

Beat the Market (BTM) Rank™

Analyst Opinion: 3.5Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.07 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry N/A
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:AMAL
Previous Symbol
CUSIPN/A
CIKN/A
WebN/A
PhoneN/A

Debt

Debt-to-Equity RatioN/A
Current RatioN/A
Quick RatioN/A

Price-To-Earnings

Trailing P/E Ratio7.46
Forward P/E Ratio8.62
P/E GrowthN/A

Sales & Book Value

Annual Sales$215.15 million
Price / Sales1.55
Cash FlowN/A
Price / Cash FlowN/A
Book ValueN/A
Price / BookN/A

Profitability

EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A

Miscellaneous

Employees398
Outstanding Shares31,771,000
Market Cap$334.23 million
Next Earnings Date10/26/2020 (Estimated)
OptionableNot Optionable
$10.52
-0.10 (-0.94 %)
(As of 09/24/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Amalgamated Bank (NASDAQ:AMAL) Frequently Asked Questions

How has Amalgamated Bank's stock been impacted by COVID-19?

Amalgamated Bank's stock was trading at $13.02 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, AMAL shares have decreased by 19.2% and is now trading at $10.52.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Amalgamated Bank?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Amalgamated Bank in the last year. There are currently 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Amalgamated Bank.

When is Amalgamated Bank's next earnings date?

Amalgamated Bank is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
View our earnings forecast for Amalgamated Bank.

How were Amalgamated Bank's earnings last quarter?

Amalgamated Bank (NASDAQ:AMAL) announced its earnings results on Tuesday, July, 28th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.26 by $0.08. The business earned $53.11 million during the quarter, compared to analyst estimates of $50.15 million.
View Amalgamated Bank's earnings history.

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

Amalgamated Bank declared a quarterly dividend on Wednesday, August 5th. Investors of record on Wednesday, August 19th will be paid a dividend of $0.08 per share on Thursday, September 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Tuesday, August 18th.
View Amalgamated Bank's dividend history.

What price target have analysts set for AMAL?

4 equities research analysts have issued 12 month price objectives for Amalgamated Bank's shares. Their forecasts range from $13.00 to $21.00. On average, they expect Amalgamated Bank's stock price to reach $17.25 in the next twelve months. This suggests a possible upside of 64.0% from the stock's current price.
View analysts' price targets for Amalgamated Bank.

Are investors shorting Amalgamated Bank?

Amalgamated Bank saw a decline in short interest in August. As of August 14th, there was short interest totaling 115,400 shares, a decline of 15.8% from the July 30th total of 137,000 shares. Based on an average daily volume of 54,600 shares, the days-to-cover ratio is presently 2.1 days. Approximately 0.9% of the company's stock are sold short.
View Amalgamated Bank's Short Interest.

Who are some of Amalgamated Bank's key competitors?

Some companies that are related to Amalgamated Bank include LTC Properties (LTC), James River Group (JRVR), Daejan (DJAN), Axos Financial (AX), Trustmark (TRMK), Monmouth R.E. Inv. (MNR), Interrent Real Estate Investment Trust (IIPZF), BancFirst (BANF), The GEO Group (GEO), Gabelli Equity Trust (GAB), Apollo Commercial Real Est. Finance (ARI), Broadmark Realty Capital (BRMK), WSFS Financial (WSFS), Capitol Federal Financial (CFFN) and Direxion Daily Financial Bull 3X Shares (FAS).
View all competitors.

What other stocks do shareholders of Amalgamated Bank own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Amalgamated Bank investors own include Verizon Communications (VZ), Pfizer (PFE), Exxon Mobil (XOM), JPMorgan Chase & Co. (JPM), Kohl's (KSS), ONEOK (OKE), Suncor Energy (SU), AbbVie (ABBV), Amgen (AMGN) and Alibaba Group (BABA).

Who are Amalgamated Bank's key executives?

Amalgamated Bank's management team includes the following people:
  • Mr. Keith R. Mestrich, Pres, CEO & Director (Age 53, Pay $1.41M)
  • Mr. Andrew LaBenne, Sr. Exec. VP & CFO (Age 46, Pay $691.2k)
  • Mr. Martin Murrell, Sr. EVP & COO (Age 57, Pay $604.8k)
  • Mr. Jason Darby, Chief Accounting Officer, Controller & Exec. VP (Age 48)
  • Ms. Barbara D. Kissner, Exec. VP & Chief Information Officer

When did Amalgamated Bank 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) served as the underwriters for the IPO.

What is Amalgamated Bank's stock symbol?

Amalgamated Bank trades on the NASDAQ under the ticker symbol "AMAL."

Who are Amalgamated Bank's major shareholders?

Amalgamated Bank's stock is owned by many different retail and institutional investors. Top institutional investors include Goldman Sachs Group Inc. (2.97%), Reynders McVeigh Capital Management LLC (0.75%), Nuveen Asset Management LLC (0.47%), DekaBank Deutsche Girozentrale (0.39%), Bank of New York Mellon Corp (0.38%) and Charles Schwab Investment Management Inc. (0.35%).

Which major investors are selling Amalgamated Bank stock?

AMAL stock was sold by a variety of institutional investors in the last quarter, including Mendon Capital Advisors Corp, Bridgeway Capital Management Inc., FMR LLC, FMR LLC, Reynders McVeigh Capital Management LLC, Engineers Gate Manager LP, Bank of New York Mellon Corp, and Assenagon Asset Management S.A..

Which major investors are buying Amalgamated Bank stock?

AMAL stock was acquired by a variety of institutional investors in the last quarter, including DekaBank Deutsche Girozentrale, Arjuna Capital, Goldman Sachs Group Inc., Bank of Montreal Can, Russell Investments Group Ltd., Mackay Shields LLC, Charles Schwab Investment Management Inc., and Fiduciary Trust International LLC.

How do I buy shares of Amalgamated Bank?

Shares of AMAL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Amalgamated Bank's stock price today?

One share of AMAL stock can currently be purchased for approximately $10.52.

How big of a company is Amalgamated Bank?

Amalgamated Bank has a market capitalization of $334.23 million and generates $215.15 million in revenue each year. Amalgamated Bank employs 398 workers across the globe.

This page was last updated on 9/25/2020 by MarketBeat.com Staff
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