Amalgamated Financial - AMAL Stock Forecast, Price & News

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

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.

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.

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.

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).

(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.

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

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

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.

The company employs 375 workers across the globe.

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.