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

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

Amalgamated Bank announced a quarterly dividend on Thursday, February 6th. Shareholders of record on Friday, February 21st will be given a dividend of $0.08 per share on Friday, March 6th. This represents a $0.32 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Thursday, February 20th. View Amalgamated Bank's Dividend History.

Amalgamated Bank (NASDAQ:AMAL) issued 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 the consensus estimate 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 target prices for Amalgamated Bank's shares. Their forecasts range from $19.00 to $21.00. On average, they expect Amalgamated Bank's stock price to reach $20.33 in the next year. This suggests a possible upside of 11.7% 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.

Press coverage about AMAL stock has been trending somewhat negative on Friday, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Amalgamated Bank earned a coverage optimism score of -1.9 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Amalgamated Bank.

Amalgamated Bank saw a increase in short interest in January. As of January 31st, there was short interest totalling 56,600 shares, an increase of 29.8% from the January 15th total of 43,600 shares. Based on an average daily volume of 76,300 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.4% of the shares of the stock are short sold. View Amalgamated Bank's Current Options Chain.

Some companies that are related to Amalgamated Bank include Walker & Dunlop (WD), Great Portland Estates (GPEAF), First Merchants (FRME), First National Financial (FN), Nuveen Municipal Value Fund (NUV), Itau Corpbanca (ITCB), First Midwest Bancorp (FMBI), LexinFintech (LX), United Community Banks (UCBI), Ladder Capital (LADR), Moelis & Co (MC), Four Corners Property Trust (FCPT), Urban Edge Properties (UE), Banco Macro (BMA) and Genworth Financial (GNW).

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 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.

Amalgamated Bank's stock is owned by a number of of retail and institutional investors. Top institutional shareholders 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 purchased 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 $18.20.

Amalgamated Bank has a market capitalization of $578.23 million and generates $215.15 million in revenue each year. Amalgamated Bank employs 421 workers across the globe.View Additional Information About Amalgamated Bank.