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

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.

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.

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

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.

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.

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.

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.

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.

Some companies that are related to Amalgamated Bank include LTC Properties (LTC), Safety Insurance Group (SAFT), Renasant (RNST), Banco Macro (BMA), State Auto Financial (STFC), Gabelli Equity Trust (GAB), Tompkins Financial (TMP), Banner (BANR), HOPEWELL HWY IN/ADR (HHILY), Texas Capital Bancshares (TCBI), Itau Corpbanca (ITCB), Monmouth R.E. Inv. (MNR), Urban Edge Properties (UE), Great Western Bancorp (GWB) and Marcus & Millichap (MMI).

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).

(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 trades on the NASDAQ under the ticker symbol "AMAL."

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%).

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, 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.

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 $9.22.

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.