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

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

Amalgamated Bank declared a quarterly dividend on Thursday, February 6th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.08 per share on Friday, March 6th. This represents a $0.32 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Thursday, February 20th. View Amalgamated Bank's Dividend History.

Amalgamated Bank (NASDAQ:AMAL) posted its earnings results on Friday, January, 31st. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of $0.39. The business earned $50.03 million during the quarter, compared to analyst estimates of $49.80 million. View Amalgamated Bank's Earnings History.

Amalgamated Bank is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Amalgamated Bank.

3 equities research analysts have issued 12-month price objectives for Amalgamated Bank's stock. Their forecasts range from $19.00 to $21.00. On average, they anticipate Amalgamated Bank's stock price to reach $20.33 in the next year. This suggests a possible upside of 26.1% from the stock's current price. View Analyst Price Targets for Amalgamated Bank.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Amalgamated Bank in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Amalgamated Bank.

Headlines about AMAL stock have been trending negative on Friday, according to InfoTrie. The research group scores the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Amalgamated Bank earned a media sentiment score of -2.8 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Amalgamated Bank.

Amalgamated Bank saw a increase in short interest in February. As of February 14th, there was short interest totalling 131,800 shares, an increase of 132.9% from the January 30th total of 56,600 shares. Based on an average trading volume of 60,500 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.0% of the company's stock are sold short. View Amalgamated Bank's Current Options Chain.

Some companies that are related to Amalgamated Bank include PennyMac Mortgage Investment Trust (PMT), Caretrust REIT (CTRE), National Storage Affiliates Trust (NSA), Hammerson (HMSNF), Urban Edge Properties (UE), Four Corners Property Trust (FCPT), United Community Banks (UCBI), AssetMark Financial (AMK), Itau Corpbanca (ITCB), First Financial Bancorp (FFBC), First Midwest Bancorp (FMBI), First Merchants (FRME), Banco Macro (BMA), Cybg (CBBYF) and Walker & Dunlop (WD).

Based on aggregate information from My MarketBeat watchlists, some companies that other Amalgamated Bank investors own include Verizon Communications (VZ), Chewy (CHWY), Pfizer (PFE), Suncor Energy (SU), Exxon Mobil (XOM), Docusign (DOCU), RealReal (REAL), Stitch Fix (SFIX), SVMK (SVMK) and Tilray (TLRY).

(AMAL) raised $107 million in an initial public offering 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) acted as the underwriters for the IPO.

Amalgamated Bank's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Cramer Rosenthal Mcglynn LLC (2.79%), Goldman Sachs Group Inc. (2.68%), Mendon Capital Advisors Corp (1.85%), FMR LLC (1.46%), RMB Capital Management LLC (1.01%) and Peregrine Capital Management LLC (1.01%).

AMAL stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., RMB Capital Management LLC, Alliancebernstein L.P., Mendon Capital Advisors Corp, New York State Common Retirement Fund, Sei Investments Co., Charles Schwab Investment Management Inc. and First Trust Advisors LP.

AMAL stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Marshall Wace LLP, Bank of New York Mellon Corp, Jacobs Levy Equity Management Inc., Renaissance Technologies LLC, Cramer Rosenthal Mcglynn LLC, Oxford Asset Management LLP and State Street Corp.

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.

One share of AMAL stock can currently be purchased for approximately $16.12.

Amalgamated Bank has a market capitalization of $512.15 million and generates $215.15 million in revenue each year. Amalgamated Bank employs 421 workers across the globe.View Additional Information About Amalgamated Bank.