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NASDAQ:AMAL - Amalgamated Bank Stock Price, Forecast & News

-0.10 (-0.50 %)
(As of 12/13/2019 04:00 PM ET)
Today's Range
Now: $19.75
50-Day Range
MA: $18.81
52-Week Range
Now: $19.75
Volume64,580 shs
Average Volume56,224 shs
Market Capitalization$627.46 million
P/E Ratio14.52
Dividend Yield1.63%
Amalgamated Bank, together with its subsidiaries, provides commercial banking and retail banking products and services in the United States. The company offers deposit products, including time deposits, 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; and debit and ATM card services. Read More…

Industry, Sector and Symbol

Industry N/A
Current SymbolNASDAQ:AMAL



Sales & Book Value

Annual Sales$192.28 million



Market Cap$627.46 million
Next Earnings Date2/4/2020 (Estimated)
OptionableNot Optionable

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Amalgamated Bank (NASDAQ:AMAL) Frequently Asked Questions

What is Amalgamated Bank's stock symbol?

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

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

Amalgamated Bank declared a quarterly dividend on Wednesday, October 30th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.08 per share on Friday, November 29th. This represents a $0.32 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from Amalgamated Bank's previous quarterly dividend of $0.06. View Amalgamated Bank's Dividend History.

How were Amalgamated Bank's earnings last quarter?

Amalgamated Bank (NASDAQ:AMAL) posted its quarterly earnings results on Monday, October, 28th. The company reported $0.41 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.37 by $0.04. The company had revenue of $49.42 million for the quarter, compared to analyst estimates of $48.29 million. View Amalgamated Bank's Earnings History.

When is Amalgamated Bank's next earnings date?

Amalgamated Bank is scheduled to release their next quarterly earnings announcement on Tuesday, February 4th 2020. View Earnings Estimates for Amalgamated Bank.

What price target have analysts set for AMAL?

2 brokers have issued twelve-month price targets for Amalgamated Bank's shares. Their forecasts range from $19.00 to $20.00. On average, they expect Amalgamated Bank's stock price to reach $19.50 in the next twelve months. This suggests that the stock has a possible downside of 1.3%. View Analyst Price Targets for Amalgamated Bank.

What is the consensus analysts' recommendation for Amalgamated Bank?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Amalgamated Bank in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Amalgamated Bank.

Has Amalgamated Bank been receiving favorable news coverage?

Press coverage about AMAL stock has trended somewhat negative this week, according to InfoTrie Sentiment. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Amalgamated Bank earned a news sentiment score of -1.4 on InfoTrie's scale. They also gave media stories about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the immediate future. View News Stories for Amalgamated Bank.

Are investors shorting Amalgamated Bank?

Amalgamated Bank saw a increase in short interest in the month of November. As of November 29th, there was short interest totalling 86,000 shares, an increase of 172.2% from the November 14th total of 31,600 shares. Based on an average daily trading volume, of 95,400 shares, the short-interest ratio is currently 0.9 days. Currently, 0.7% of the company's shares are sold short. View Amalgamated Bank's Current Options Chain.

Who are some of Amalgamated Bank's key 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 Alibaba Group (BABA), BlackRock (BLK), JPMorgan Chase & Co. (JPM), Verizon Communications (VZ), Amgen (AMGN), Comcast (CMCSA), Docusign (DOCU), Kraft Heinz (KHC), Starbucks (SBUX) and Skyworks Solutions (SWKS).

Who are Amalgamated Bank's key executives?

Amalgamated Bank's management team includes the folowing people:
  • Mr. Keith R. Mestrich, Pres, CEO & Director (Age 52)
  • Mr. Andrew LaBenne, Sr. EVP & CFO (Age 45)
  • Mr. Martin Murrell, Sr. EVP & COO (Age 56)
  • Mr. Edgar Romney Sr., Exec. VP, Northeast Regional Director & Director (Age 76)
  • Mr. Jason Darby, Chief Accounting Officer, Controller & Exec. VP (Age 47)

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.

Who are Amalgamated Bank's major shareholders?

Amalgamated Bank's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Peregrine Capital Management LLC (1.01%), State Street Corp (0.72%), Millennium Management LLC (0.57%), Squarepoint Ops LLC (0.12%), Russell Investments Group Ltd. (0.08%) and Chicago Equity Partners LLC (0.08%).

Which institutional investors are selling Amalgamated Bank stock?

AMAL stock was sold by a variety of institutional investors in the last quarter, including Emerald Mutual Fund Advisers Trust, Peregrine Capital Management LLC, First Trust Advisors LP and Barclays PLC.

Which institutional investors are buying Amalgamated Bank stock?

AMAL stock was purchased by a variety of institutional investors in the last quarter, including State Street Corp, Millennium Management LLC, Voya Investment Management LLC, Chicago Equity Partners LLC, Squarepoint Ops LLC, Russell Investments Group Ltd. and Rhumbline Advisers.

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 $19.75.

How big of a company is Amalgamated Bank?

Amalgamated Bank has a market capitalization of $627.46 million and generates $192.28 million in revenue each year. Amalgamated Bank employs 421 workers across the globe.View Additional Information About Amalgamated Bank.

MarketBeat Community Rating for Amalgamated Bank (NASDAQ AMAL)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  47 (Vote Outperform)
Underperform Votes:  64 (Vote Underperform)
Total Votes:  111
MarketBeat's community ratings are surveys of what our community members think about Amalgamated Bank and other stocks. Vote "Outperform" if you believe AMAL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AMAL will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/14/2019 by MarketBeat.com Staff

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