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

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

Amalgamated Bank announced a quarterly dividend on Wednesday, October 30th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.08 per share on Friday, November 29th. This represents a $0.32 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, November 14th. This is a boost from Amalgamated Bank's previous quarterly dividend of $0.06. View Amalgamated Bank's Dividend History.

Amalgamated Bank (NASDAQ:AMAL) announced its quarterly earnings data on Monday, October, 28th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.04. The firm earned $49.42 million during the quarter, compared to the consensus estimate of $48.29 million. View Amalgamated Bank's Earnings History.

Amalgamated Bank is scheduled to release their next quarterly earnings announcement on Thursday, January 30th 2020. View Earnings Estimates for Amalgamated Bank.

Amalgamated Bank will be holding an earnings conference call on Thursday, January 30th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

2 equities research analysts have issued 12 month target prices for Amalgamated Bank's shares. Their forecasts range from $19.00 to $21.00. On average, they anticipate Amalgamated Bank's stock price to reach $20.00 in the next year. This suggests a possible upside of 8.1% from the stock's current price. View Analyst Price Targets for Amalgamated Bank.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Amalgamated Bank in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Amalgamated Bank.

News coverage about AMAL stock has been trending somewhat negative recently, InfoTrie Sentiment reports. InfoTrie identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Amalgamated Bank earned a media sentiment score of -1.8 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near term. View News Stories for Amalgamated Bank.

Amalgamated Bank saw a decrease in short interest in December. As of December 31st, there was short interest totalling 43,600 shares, a decrease of 47.2% from the December 15th total of 82,600 shares. Based on an average daily volume of 82,900 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are sold short. View Amalgamated Bank's Current Options Chain.

Some companies that are related to Amalgamated Bank include First National Financial (FN), United Community Banks (UCBI), PennyMac Mortgage Investment Trust (PMT), Noah (NOAH), First Midwest Bancorp (FMBI), Colony Capital (CLNY), Great Portland Estates (GPEAF), Xenia Hotels & Resorts (XHR), Independent Bank Group (IBTX), First Merchants (FRME), Redfin (RDFN), Hannon Armstrong Sustnbl Infrstr Cap (HASI), Close Brothers Group (CBG), Cadence Bancorp (CADE) and Gazit Globe (GZTGF).

Based on aggregate information from My MarketBeat watchlists, some companies that other Amalgamated Bank investors own include Verizon Communications (VZ), Chewy (CHWY), Pfizer (PFE), Suncor Energy (SU), Exxon Mobil (XOM), Docusign (DOCU), RealReal (REAL), Stitch Fix (SFIX), SVMK (SVMK) and Tilray (TLRY).

(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) acted as the underwriters for the IPO.

Amalgamated Bank's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Peregrine Capital Management LLC (1.01%) and Zurcher Kantonalbank Zurich Cantonalbank (0.01%).

AMAL stock was sold by a variety of institutional investors in the last quarter, including Peregrine Capital Management LLC.

AMAL stock was purchased by a variety of institutional investors in the last quarter, including Zurcher Kantonalbank Zurich Cantonalbank .

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 $18.50.

Amalgamated Bank has a market capitalization of $587.76 million and generates $192.28 million in revenue each year. Amalgamated Bank employs 421 workers across the globe.View Additional Information About Amalgamated Bank.