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S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
The Next Big Crisis Is Here (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
Is This The End of Capitalism? (Ad)
France must raise pension age to 64, prime minister says
Elon Musk's mysterious ways on display in Tesla tweet trial
The Next Big Crisis Is Here (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Dutch firm: US, allies near deal to limit chip tech to China
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
The Next Big Crisis Is Here (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
Is This The End of Capitalism? (Ad)
France must raise pension age to 64, prime minister says
Elon Musk's mysterious ways on display in Tesla tweet trial
The Next Big Crisis Is Here (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Dutch firm: US, allies near deal to limit chip tech to China
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
The Next Big Crisis Is Here (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
Is This The End of Capitalism? (Ad)
France must raise pension age to 64, prime minister says
Elon Musk's mysterious ways on display in Tesla tweet trial
The Next Big Crisis Is Here (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
Dutch firm: US, allies near deal to limit chip tech to China
NASDAQ:AMAL

Amalgamated Financial - AMAL Stock Forecast, Price & News

$22.60
-1.26 (-5.28%)
(As of 01/27/2023 12:00 AM ET)
Add
Compare
Today's Range
$21.71
$23.70
50-Day Range
$22.60
$26.80
52-Week Range
$15.92
$27.33
Volume
435,771 shs
Average Volume
149,421 shs
Market Capitalization
$693.14 million
P/E Ratio
8.63
Dividend Yield
1.77%
Price Target
$24.67

Amalgamated Financial MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
15.0% Upside
$26.00 Price Target
Short Interest
Bearish
7.30% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.85mentions of Amalgamated Financial in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$209,741 Sold Last Quarter
Proj. Earnings Growth
8.33%
From $3.12 to $3.38 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.24 out of 5 stars

Finance Sector

455th out of 891 stocks

State Commercial Banks Industry

108th out of 191 stocks


AMAL stock logo

About Amalgamated Financial (NASDAQ:AMAL) Stock

Amalgamated Financial Corp. operates as a holding company for Amalgamated Bank. It offers commercial and retail banking, investment management, and trust custody segments. The company was founded in 1923 and is headquartered in New York, NY.

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AMAL Stock News Headlines

Amalgamated Bank declares $0.10 dividend
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
Amalgamated Financial: Q4 Earnings Snapshot
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
AMAL Amalgamated Financial Corp.
Best environmentally friendly banks of October 2022
See More Headlines
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AMAL Company Calendar

Last Earnings
10/27/2021
Ex-Dividend for 11/28 Dividend
11/08/2022
Dividend Payable
11/28/2022
Today
1/29/2023
Ex-Dividend for 2/20 Dividend
2/03/2023
Dividend Payable
2/20/2023
Next Earnings (Estimated)
4/27/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:AMAL
Fax
N/A
Employees
375
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$26.00
High Stock Price Forecast
$28.00
Low Stock Price Forecast
$24.00
Forecasted Upside/Downside
+9.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$52.94 million
Pretax Margin
37.35%

Debt

Sales & Book Value

Annual Sales
$282.39 million
Cash Flow
$2.11 per share
Book Value
$18.13 per share

Miscellaneous

Free Float
30,022,000
Market Cap
$693.14 million
Optionable
Not Optionable
Beta
0.82

Key Executives

  • Priscilla Sims Brown
    President, Chief Executive Officer & Director
  • Sean Searby
    Chief Operating Officer & Executive Vice President
  • Jason Darby
    Chief Financial Officer & Senior Vice President
  • Bruce Rucinski
    Chief Information Officer & Executive VP
  • Mandy Tenner
    Executive Vice President & General Counsel













AMAL Stock - Frequently Asked Questions

Should I buy or sell Amalgamated Financial stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Amalgamated Financial in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" AMAL shares.
View AMAL analyst ratings
or view top-rated stocks.

What is Amalgamated Financial's stock price forecast for 2023?

2 brokers have issued 12-month price targets for Amalgamated Financial's stock. Their AMAL share price forecasts range from $24.00 to $28.00. On average, they expect the company's share price to reach $26.00 in the next year. This suggests a possible upside of 15.0% from the stock's current price.
View analysts price targets for AMAL
or view top-rated stocks among Wall Street analysts.

How have AMAL shares performed in 2023?

Amalgamated Financial's stock was trading at $23.04 on January 1st, 2023. Since then, AMAL stock has decreased by 1.9% and is now trading at $22.60.
View the best growth stocks for 2023 here
.

When is Amalgamated Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our AMAL earnings forecast
.

How were Amalgamated Financial's earnings last quarter?

Amalgamated Financial Corp. (NASDAQ:AMAL) issued its quarterly earnings results on Wednesday, October, 27th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.09. The company earned $50.09 million during the quarter, compared to the consensus estimate of $48.26 million. Amalgamated Financial had a trailing twelve-month return on equity of 16.72% and a net margin of 28.85%. During the same period last year, the company posted $0.54 earnings per share.

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

Amalgamated Financial declared a quarterly dividend on Tuesday, January 24th. Investors of record on Monday, February 6th will be given a dividend of $0.10 per share on Monday, February 20th. This represents a $0.40 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Friday, February 3rd.
Read our dividend analysis for AMAL
.

Is Amalgamated Financial a good dividend stock?

Amalgamated Financial (NASDAQ:AMAL) pays an annual dividend of $0.40 per share and currently has a dividend yield of 1.77%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 15.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMAL will have a dividend payout ratio of 11.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AMAL.

What other stocks do shareholders of Amalgamated Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Amalgamated Financial 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).

When did Amalgamated Financial IPO?

(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.

What is Amalgamated Financial's stock symbol?

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

Who are Amalgamated Financial's major shareholders?

Amalgamated Financial's stock is owned by many different retail and institutional investors. Top institutional shareholders include Harrington Investments INC (0.24%), Assenagon Asset Management S.A. (0.17%), Peregrine Capital Management LLC (0.10%), Ziegler Capital Management LLC (0.10%), Dupont Capital Management Corp (0.02%) and Allspring Global Investments Holdings LLC (0.01%). Insiders that own company stock include Arthur Prusan, Deborah Silodor, Financial Corp Amalgamated, Finser Mark, Jason Darby, Keith Mestrich and Sam D Brown.
View institutional ownership trends
.

How do I buy shares of Amalgamated Financial?

Shares of AMAL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Amalgamated Financial's stock price today?

One share of AMAL stock can currently be purchased for approximately $22.60.

How much money does Amalgamated Financial make?

Amalgamated Financial (NASDAQ:AMAL) has a market capitalization of $693.14 million and generates $282.39 million in revenue each year. The company earns $52.94 million in net income (profit) each year or $2.62 on an earnings per share basis.

How many employees does Amalgamated Financial have?

The company employs 375 workers across the globe.

How can I contact Amalgamated Financial?

The official website for the company is www.amalgamatedbank.com. The company can be reached via phone at (212) 255-6200 or via email at investorrelations@amalgamatedbank.com.

This page (NASDAQ:AMAL) was last updated on 1/29/2023 by MarketBeat.com Staff