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

-0.56 (-5.73 %)
(As of 03/29/2020 04:00 PM ET)
Today's Range
Now: $9.22
50-Day Range
MA: $15.01
52-Week Range
Now: $9.22
Volume187,851 shs
Average Volume180,689 shs
Market Capitalization$292.92 million
P/E Ratio6.32
Dividend Yield3.27%
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. In addition, the company offers online banking, bill payment, online cash management, and safe deposit box rental services; and institutional 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; securities; and asset allocation, life insurance, brokerage, and asset management services. 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 12 branches in New York City; 1 branch in Washington, D.C.; 1 branch in San Francisco; 1 representative office in Pasadena, California; and 1 loan production office in Boulder, Colorado, 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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Industry, Sector and Symbol

Industry N/A
Current SymbolNASDAQ:AMAL



Sales & Book Value

Annual Sales$215.15 million



Market Cap$292.92 million
Next Earnings Date5/5/2020 (Estimated)
OptionableNot Optionable

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Amalgamated Bank (NASDAQ:AMAL) Frequently Asked Questions

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

Amalgamated Bank's stock was trading at $13.02 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, AMAL stock has decreased by 29.2% and is now trading at $9.22. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is Amalgamated Bank's next earnings date?

Amalgamated Bank is scheduled to release its next quarterly earnings announcement on Tuesday, May 5th 2020. View our earnings forecast for Amalgamated Bank.

How were Amalgamated Bank's earnings last quarter?

Amalgamated Bank (NASDAQ:AMAL) announced its quarterly earnings results on Friday, January, 31st. The company reported $0.39 EPS for the quarter, hitting analysts' consensus estimates of $0.39. The firm earned $50.03 million during the quarter, compared to analyst estimates of $49.80 million. View Amalgamated Bank's earnings history.

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

Amalgamated Bank announced a quarterly dividend on Thursday, February 6th. Stockholders 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 dividend yield of 3.47%. The ex-dividend date is Thursday, February 20th. View Amalgamated Bank's dividend history.

What price target have analysts set for AMAL?

3 brokerages have issued 12 month price objectives for Amalgamated Bank's stock. 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 120.5% from the stock's current price. View analysts' price targets for Amalgamated Bank.

Has Amalgamated Bank been receiving favorable news coverage?

Press coverage about AMAL stock has trended extremely negative on Sunday, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources. 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 news sentiment score of -4.0 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the next few days. View the latest news aboutAmalgamated Bank.

Are investors shorting Amalgamated Bank?

Amalgamated Bank saw a decrease in short interest in the month of March. As of March 13th, there was short interest totaling 182,200 shares, a decrease of 22.9% from the February 27th total of 236,400 shares. Based on an average daily volume of 124,100 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.3% of the company's stock 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 Verizon Communications (VZ), Pfizer (PFE), Exxon Mobil (XOM), Chewy (CHWY), Kohl's (KSS), Suncor Energy (SU), Docusign (DOCU), RealReal (REAL), Stitch Fix (SFIX) and SVMK (SVMK).

Who are Amalgamated Bank's key executives?

Amalgamated Bank's management team includes the following 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 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.

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 institutional and retail 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%).

Which major investors are selling Amalgamated Bank stock?

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.

Which major investors are buying Amalgamated Bank stock?

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

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 $9.22.

How big of a company is Amalgamated Bank?

Amalgamated Bank has a market capitalization of $292.92 million and generates $215.15 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:  2.2 out of 5 (star star)
Outperform Votes:  62 (Vote Outperform)
Underperform Votes:  82 (Vote Underperform)
Total Votes:  144
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 3/29/2020 by MarketBeat.com Staff

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