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NASDAQ:AMALAmalgamated Bank Stock Price, Forecast & News

$13.22
+1.69 (+14.66 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$12.09
Now: $13.22
$13.39
50-Day Range
$8.54
MA: $10.39
$12.21
52-Week Range
$7.90
Now: $13.22
$20.00
Volume86,933 shs
Average Volume64,866 shs
Market Capitalization$420.00 million
P/E Ratio9.24
Dividend Yield2.78%
Beta0.86
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: 2.1Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.24 out of 5 stars


Industry, Sector and Symbol

Industry N/A
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:AMAL
CUSIPN/A
CIKN/A
WebN/A
PhoneN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$215.15 million

Profitability

Miscellaneous

Employees398
Market Cap$420.00 million
Next Earnings Date8/3/2020 (Estimated)
OptionableNot Optionable

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Amalgamated Bank (NASDAQ:AMAL) Frequently Asked Questions

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

Amalgamated Bank's stock was trading at $13.02 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, AMAL stock has increased by 1.5% and is now trading at $13.22. View which stocks have been most impacted by Coronavirus.

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

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.

When is Amalgamated Bank's next earnings date?

Amalgamated Bank is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Amalgamated Bank.

How were Amalgamated Bank's earnings last quarter?

Amalgamated Bank (NASDAQ:AMAL) released its quarterly earnings data on Thursday, April, 30th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $0.06. The company had revenue of $53.81 million for the quarter, compared to analyst estimates of $48.94 million. View Amalgamated Bank's earnings history.

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

Amalgamated Bank announced a quarterly dividend on Wednesday, April 29th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.08 per share on Tuesday, June 2nd. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Wednesday, May 13th. View Amalgamated Bank's dividend history.

What price target have analysts set for AMAL?

3 equities research analysts have issued 12 month price objectives for Amalgamated Bank's stock. Their forecasts range from $13.00 to $21.00. On average, they expect Amalgamated Bank's stock price to reach $18.33 in the next twelve months. This suggests a possible upside of 38.7% from the stock's current price. View analysts' price targets for Amalgamated Bank.

Has Amalgamated Bank been receiving favorable news coverage?

News coverage about AMAL stock has trended somewhat negative recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded 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 -1.5 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutAmalgamated Bank.

Are investors shorting Amalgamated Bank?

Amalgamated Bank saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 113,800 shares, an increase of 11.0% from the April 30th total of 102,500 shares. Based on an average trading volume of 119,300 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.8% of the company's shares are sold short. View Amalgamated Bank's Current Options Chain.

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 Verizon Communications (VZ), Pfizer (PFE), Exxon Mobil (XOM), JPMorgan Chase & Co. (JPM), Suncor Energy (SU), AbbVie (ABBV), Amgen (AMGN), Alibaba Group (BABA), BlackRock (BLK) and CenterPoint Energy (CNP).

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)
  • Ms. Barbara D. Kissner, Exec. VP & 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 number of retail and institutional investors. Top institutional investors include BlackRock Inc. (3.52%), Cramer Rosenthal Mcglynn LLC (3.15%), Patriot Financial Partners GP LP (2.63%), WL Ross & Co. LLC (2.60%), Mendon Capital Advisors Corp (1.26%) and State Street Corp (0.82%).

Which institutional investors are selling Amalgamated Bank stock?

AMAL stock was sold by a variety of institutional investors in the last quarter, including Mendon Capital Advisors Corp, WL Ross & Co. LLC, Two Sigma Investments LP, Morgan Stanley, JPMorgan Chase & Co., Deutsche Bank AG, Bank of New York Mellon Corp, and UBS Group AG.

Which institutional investors are buying Amalgamated Bank stock?

AMAL stock was bought by a variety of institutional investors in the last quarter, including Patriot Financial Partners GP LP, Martingale Asset Management L P, Cramer Rosenthal Mcglynn LLC, Assenagon Asset Management S.A., BlackRock Inc., Grantham Mayo Van Otterloo & Co. LLC, Bessemer Group Inc., and Globeflex Capital L P.

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 $13.22.

How big of a company is Amalgamated Bank?

Amalgamated Bank has a market capitalization of $420.00 million and generates $215.15 million in revenue each year. Amalgamated Bank employs 398 workers across the globe.

This page was last updated on 6/6/2020 by MarketBeat.com Staff

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