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

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. Since then, AMAL stock has decreased by 31.7% and is now trading at $8.89. 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) posted its quarterly earnings data on Friday, January, 31st. The company reported $0.39 EPS for the quarter, hitting analysts' consensus estimates of $0.39. The business earned $50.03 million during the quarter, compared to analysts' expectations of $49.80 million. View Amalgamated Bank's earnings history.

Amalgamated Bank declared 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 annualized dividend and a yield of 3.60%. The ex-dividend date is Thursday, February 20th. View Amalgamated Bank's dividend history.

3 brokers have issued 1 year target prices for Amalgamated Bank's shares. Their forecasts range from $19.00 to $21.00. On average, they expect Amalgamated Bank's share price to reach $20.33 in the next year. This suggests a possible upside of 128.7% from the stock's current price. View analysts' price targets for Amalgamated Bank.

Media stories about AMAL stock have trended very negative this week, InfoTrie Sentiment reports. The research firm ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Amalgamated Bank earned a news sentiment score of -3.3 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutAmalgamated Bank.

Amalgamated Bank saw a drop in short interest in the month of March. As of March 13th, there was short interest totaling 182,200 shares, a drop of 22.9% from the February 27th total of 236,400 shares. Based on an average trading volume of 124,100 shares, the short-interest ratio is currently 1.5 days. Approximately 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 American Assets Trust (AAT), First National Financial (FN), Adams Diversified Equity Fund (ADX), First Merchants (FRME), Itau Corpbanca (ITCB), Pebblebrook Hotel Trust (PEB), ProAssurance (PRA), Main Street Capital (MAIN), AssetMark Financial (AMK), Gazit Globe (GZTGF), TowneBank (TOWN), Columbia Property Trust (CXP), Four Corners Property Trust (FCPT), Mack Cali Realty (CLI) and Fanhua (FANH).

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), JPMorgan Chase & Co. (JPM), Kohl's (KSS), ONEOK (OKE), Suncor Energy (SU), Amgen (AMGN) and Docusign (DOCU).

(AMAL) raised $107 million in an initial public offering 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 trades on the NASDAQ under the ticker symbol "AMAL."

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 $8.89.

Amalgamated Bank has a market capitalization of $282.44 million and generates $215.15 million in revenue each year. Amalgamated Bank employs 421 workers across the globe. View additional information about Amalgamated Bank.