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NASDAQ:AMAL

Amalgamated Bank Stock Forecast, Price & News

$11.10
-0.05 (-0.45 %)
(As of 10/30/2020 12:00 AM ET)
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Today's Range
$10.93
Now: $11.10
$11.25
50-Day Range
$10.52
MA: $11.72
$12.85
52-Week Range
$7.90
Now: $11.10
$20.00
Volume48,006 shs
Average Volume36,127 shs
Market Capitalization$352.66 million
P/E Ratio7.93
Dividend Yield2.88%
Beta0.83
Amalgamated Bank, together with its subsidiaries, operates as a commercial bank and a chartered trust company in the United States. The company offers deposit products, including 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. In addition, the company offers online banking, bill payment, online cash management, and safe deposit box rental services; debit, prepaid, and ATM cards; and 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, such as equity, fixed-income, real estate, and alternative investment products; and brokerage, asset management, and insurance products. 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 11 branches in New York City; one branch in Washington, D.C.; and one branch in San Francisco, 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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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.0Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.05 out of 5 stars

Industry, Sector and Symbol

Industry N/A
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:AMAL
CUSIPN/A
CIKN/A
Phone(212) 255-6200
Employees398

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$215.15 million

Profitability

Miscellaneous

Market Cap$352.66 million
Next Earnings Date1/29/2021 (Estimated)
OptionableNot Optionable
$11.10
-0.05 (-0.45 %)
(As of 10/30/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Amalgamated Bank (NASDAQ:AMAL) Frequently Asked Questions

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

Amalgamated Bank's stock was trading at $13.02 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, AMAL shares have decreased by 14.7% and is now trading at $11.10.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Amalgamated Bank?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Amalgamated Bank in the last year. There are currently 5 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 Friday, January 29th 2021.
View our earnings forecast for Amalgamated Bank
.

How were Amalgamated Bank's earnings last quarter?

Amalgamated Bank (NASDAQ:AMAL) announced its quarterly earnings data on Monday, November, 2nd. The company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.41 by $0.13.
View Amalgamated Bank's earnings history
.

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

Amalgamated Bank declared a quarterly dividend on Wednesday, August 5th. Shareholders of record on Wednesday, August 19th will be paid a dividend of $0.08 per share on Thursday, September 3rd. This represents a $0.32 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Tuesday, August 18th.
View Amalgamated Bank's dividend history
.

What guidance has Amalgamated Bank issued on next quarter's earnings?

Amalgamated Bank updated its third quarter 2020 Pre-Market earnings guidance on Wednesday, October, 14th. The company provided earnings per share (EPS) guidance of 0.39-0.42 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.37.

What price target have analysts set for AMAL?

5 brokers have issued 12-month target prices for Amalgamated Bank's shares. Their forecasts range from $13.00 to $21.00. On average, they anticipate Amalgamated Bank's share price to reach $16.40 in the next twelve months. This suggests a possible upside of 47.7% from the stock's current price.
View analysts' price targets for Amalgamated Bank
.

Are investors shorting Amalgamated Bank?

Amalgamated Bank saw a drop in short interest during the month of September. As of September 30th, there was short interest totaling 99,100 shares, a drop of 13.8% from the September 15th total of 115,000 shares. Based on an average daily volume of 50,200 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.8% of the shares of the stock are sold short.
View Amalgamated Bank's Short Interest
.

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 Pfizer (PFE), Verizon Communications (VZ), Suncor Energy (SU), Exxon Mobil (XOM), AbbVie (ABBV), Advanced Micro Devices (AMD), Comcast (CMCSA), Eastman Chemical (EMN), Enterprise Products Partners (EPD) and Energy Transfer (ET).

Who are Amalgamated Bank's key executives?

Amalgamated Bank's management team includes the following people:
  • Mr. Keith R. Mestrich, Pres, CEO & Director (Age 53, Pay $1.41M)
  • Mr. Andrew LaBenne, Sr. Exec. VP & CFO (Age 46, Pay $691.2k)
  • Mr. Martin Murrell, Sr. EVP & COO (Age 57, Pay $604.8k)
  • Mr. Jason Darby, Chief Accounting Officer, Controller & Exec. VP (Age 48)
  • Mr. Bruce Rucinski, Acting Chief Information Officer

When did Amalgamated Bank IPO?

(AMAL) raised $107 million in an IPO 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 a variety of institutional and retail investors. Top institutional investors include DekaBank Deutsche Girozentrale (1.47%), Reynders McVeigh Capital Management LLC (0.50%), Wedge Capital Management L L P NC (0.15%), Assenagon Asset Management S.A. (0.00%) and BNP Paribas Arbitrage SA (0.01%).

Which major investors are selling Amalgamated Bank stock?

AMAL stock was sold by a variety of institutional investors in the last quarter, including Reynders McVeigh Capital Management LLC, and Assenagon Asset Management S.A..

Which major investors are buying Amalgamated Bank stock?

AMAL stock was acquired by a variety of institutional investors in the last quarter, including DekaBank Deutsche Girozentrale, Wedge Capital Management L L P NC, and BNP Paribas Arbitrage SA.

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 $11.10.

How big of a company is Amalgamated Bank?

Amalgamated Bank has a market capitalization of $352.66 million and generates $215.15 million in revenue each year. Amalgamated Bank employs 398 workers across the globe.

What is Amalgamated Bank's official website?

The official website for Amalgamated Bank is www.amalgamatedbank.com.

How can I contact Amalgamated Bank?

The company can be reached via phone at (212) 255-6200.

This page was last updated on 10/31/2020 by MarketBeat.com Staff

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