Amalgamated Financial - AMAL Stock Forecast, Price & News

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.
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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.
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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.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our AMAL earnings forecast.

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%.

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.

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).

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.

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).

(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.

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

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.
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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.
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One share of AMAL stock can currently be purchased for approximately $18.58.

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.

The company employs 375 workers across the globe.

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.