NASDAQ:AMAL

Amalgamated Financial - AMAL Stock Forecast, Price & News

$26.67

+0.50 (+1.91%)

(As of 11/30/2022 05:18 PM ET)

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Today's Range: $25.91
▼
$26.76
50-Day Range: $22.46
▼
$26.53
52-Week Range: $15.23
▼
$27.33

Volume: 256,941 shs
Average Volume: 114,636 shs
Market Capitalization: $818.02 million

P/E Ratio: 11.50
Dividend Yield: 1.53%
Price Target: $23.00

Amalgamated Financial MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 13.8% Downside
$23.00 Price Target
Short Interest: Healthy
5.37% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.93
Based on 3 Articles This Week
Insider Trading: Selling Shares
$209,741 Sold Last Quarter
Proj. Earnings Growth: 21.46%
From $2.61 to $3.17 Per Share

Overall MarketRank^™

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

2.10 out of 5 stars

Finance Sector

687th out of 907 stocks

State Commercial Banks Industry

155th out of 191 stocks

1.0

Analyst's Opinion

Consensus Rating
Amalgamated Financial has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $23.00, Amalgamated Financial has a forecasted downside of 13.8% from its current price of $26.67.
Amount of Analyst Coverage
Amalgamated Financial has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
5.37% of the float of Amalgamated Financial has been sold short.
Short Interest Ratio / Days to Cover
Amalgamated Financial has a short interest ratio ("days to cover") of 4.4.
Change versus previous month
Short interest in Amalgamated Financial has recently decreased by 6.18%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Amalgamated Financial pays a meaningful dividend of 1.51%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Amalgamated Financial has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Amalgamated Financial is 17.24%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Amalgamated Financial will have a dividend payout ratio of 12.62% next year. This indicates that Amalgamated Financial will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for AMAL.

3.3

News and Social Media Coverage

News Sentiment
Amalgamated Financial has a news sentiment score of 0.93. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Amalgamated Financial this week, compared to 2 articles on an average week.
Search Interest
2 people have searched for AMAL on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Amalgamated Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Amalgamated Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $209,741.00 in company stock.
Percentage Held by Insiders
Only 2.12% of the stock of Amalgamated Financial is held by insiders.
Percentage Held by Institutions
Only 37.28% of the stock of Amalgamated Financial is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Amalgamated Financial are expected to grow by 21.46% in the coming year, from $2.61 to $3.17 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Amalgamated Financial is 11.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.08.
Price to Earnings Ratio vs. Sector
The P/E ratio of Amalgamated Financial is 11.50, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 174.94.
Price to Book Value per Share Ratio
Amalgamated Financial has a P/B Ratio of 1.68. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Amalgamated Financial (NASDAQ:AMAL) Stock

Amalgamated Financial Corp. operates as the bank holding company for Amalgamated Bank that provides commercial and retail banking, investment management, and trust and custody services for commercial and retail customers in the United States. The company accepts various deposit products, including non-interest bearing accounts, interest-bearing demand products, savings accounts, money market accounts, NOW accounts, and certificates of deposit. It also provides various commercial loans comprising commercial and industrial, multifamily mortgage, and commercial real estate loans; and retail loans, such as residential real estate, and consumer and other loans. In addition, the company offers online banking, bill payment, online cash management, and safe deposit box rental services; debit 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. The company operates through its three branch offices across New York City, one branch office in Washington, D.C., one branch office in San Francisco, one commercial office in Boston, and digital banking platform. Amalgamated Financial Corp. was founded in 1923 and is headquartered in New York, New York.

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AMAL Stock News Headlines

November 30, 2022 | bloomberg.com

Banks Are Devising Ways to ID Mass Shooters Before They Strike

November 24, 2022 | ca.finance.yahoo.com

Big banks are for boomers — Why more and more young Americans are breaking up with their parents’ banks

November 20, 2022 | bbc.com

Hard-up councils could merge services, Middlesbrough member suggests

November 19, 2022 | msn.com

Councillor claims cash-strapped local authorities could merge in potential solution to current woes

November 18, 2022 | finance.yahoo.com

Recent Price Trend in Amalgamated Financial (AMAL) is Your Friend, Here's Why

November 12, 2022 | seekingalpha.com

Amalgamated Financial: Earnings To Continue Full Steam Ahead

November 4, 2022 | nasdaq.com

Amalgamated Financial Corp. (AMAL) Hits Fresh High: Is There Still Room to Run?

November 2, 2022 | msn.com

What Makes Amalgamated Financial (AMAL) a Good Fit for "Trend Investing"

October 30, 2022 | seekingalpha.com

Amalgamated Financial Corp. (AMAL) Q3 2022 Earnings Call Transcript

October 27, 2022 | msn.com

Amalgamated Financial: Q3 Earnings Insights

October 27, 2022 | finance.yahoo.com

Amalgamated Financial (AMAL) Q3 Earnings and Revenues Surpass Estimates

October 27, 2022 | finance.yahoo.com

Amalgamated Financial Corp. Reports Record Third Quarter 2022 Financial Results

October 21, 2022 | businessinsider.com

Best environmentally friendly banks of October 2022

October 20, 2022 | finance.yahoo.com

Amalgamated Financial (AMAL) Reports Next Week: Wall Street Expects Earnings Growth

October 13, 2022 | finance.yahoo.com

Amalgamated Financial Corp. Announces Third Quarter 2022 Earnings Conference Call

October 8, 2022 | theglobeandmail.com

Toronto’s election is a damp squib. It’s easily the dullest since the amalgamated city of Toronto was created

October 7, 2022 | wsj.com

Amalgamated Financial Corp.

October 7, 2022 | nasdaq.com

With 78% institutional ownership, Amalgamated Financial Corp. (NASDAQ:AMAL) is a favorite amongst the big guns

September 21, 2022 | nytimes.com

Banking C.E.O.s Face a Grilling on Capitol Hill

September 20, 2022 | finance.yahoo.com

Amalgamated Financial (AMAL) Is a Great Choice for "Trend" Investors, Here's Why

September 14, 2022 | finance.yahoo.com

Amalgamated Life Insurance Company Earns Its 47th "A" (Excellent) Rating from A.M. Best

September 12, 2022 | sg.finance.yahoo.com

Bitcoiners Owe Andrew Ross Sorkin a Big Thank You

September 11, 2022 | msn.com

Gun sales will be specifically marked by credit companies to help monitor purchases

September 11, 2022 | msn.com

Storm over Tompolo’s N48bn pipeline surveillance contract

September 10, 2022 | finance.yahoo.com

With 80% ownership, Amalgamated Financial Corp. (NASDAQ:AMAL) boasts of strong institutional backing

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30 days | 90 days | 365 days | Advanced Chart

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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: 11/30/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 1/26/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: State commercial banks
Sub-Industry: N/A
Sector: Finance
Current Symbol: NASDAQ:AMAL
CUSIP: N/A
CIK: 1823608
Web: www.amalgamatedbank.com
Phone: (212) 895-8988
Fax: N/A
Employees: 375
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $23.00
High Stock Price Forecast: $24.00
Low Stock Price Forecast: $22.00
Forecasted Upside/Downside: -13.8%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.32
Trailing P/E Ratio: 11.50
Forward P/E Ratio: 10.22
P/E Growth: N/A
Net Income: $52.94 million
Net Margins: 27.85%
Pretax Margin: 37.35%
Return on Equity: 14.49%
Return on Assets: 0.98%

Debt

Debt-to-Equity Ratio: 0.31
Current Ratio: 0.58
Quick Ratio: 0.58

Sales & Book Value

Annual Sales: $208.91 million
Price / Sales: 3.92
Cash Flow: $2.13 per share
Price / Cash Flow: 12.55
Book Value: $15.90 per share
Price / Book: 1.68

Miscellaneous

Outstanding Shares: 30,672,000
Free Float: 30,022,000
Market Cap: $818.02 million
Optionable: Not Optionable
Beta: 0.75

Key Executives

Ms. Priscilla Sims Brown (Age 65)
Pres, CEO & Director
Comp: $1.65M

Mr. Jason Darby (Age 49)
Interim Chief Accounting Officer, CFO & Sr. Exec. VP
Comp: $748.02k

Mr. Sam D. Brown (Age 40)
Exec. VP & Director of Commercial Banking
Comp: $728.69k

Mr. Bruce Rucinski (Age 50)
Exec. VP & Chief Information Officer

Ms. Mandy Tenner (Age 42)
Exec. VP & Gen. Counsel

Mr. Peter Neiman
Chief Marketing Officer & Exec. VP

Ms. Tanisa Williams
Sr. VP & Director of HR

Dr. Margaret Stephanie Stumpp Ph.D.
Sr. Managing Director of Quantitative Management of Prudential Investments

Mr. James L. Herbst
Managing Director of U S Corp. Sector and Portfolio Mang. of Prudential Investments

Mr. Wai C. Chiang
Managing Director of Quantitative Management - Prudential Investments

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AMAL Stock - Frequently Asked Questions

Should I buy or sell Amalgamated Financial stock right now?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Amalgamated Financial in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AMAL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AMAL, but not buy additional shares or sell existing shares.
View AMAL analyst ratings or view top-rated stocks.
What is Amalgamated Financial's stock price forecast for 2023?: 1 Wall Street analysts have issued 12 month price objectives for Amalgamated Financial's stock. Their AMAL share price forecasts range from $22.00 to $24.00. On average, they anticipate the company's share price to reach $23.00 in the next year. This suggests that the stock has a possible downside of 12.1%.
View analysts price targets for AMAL or view top-rated stocks among Wall Street analysts.
How have AMAL shares performed in 2022?: Amalgamated Financial's stock was trading at $16.77 on January 1st, 2022. Since then, AMAL stock has increased by 56.1% and is now trading at $26.17.
View the best growth stocks for 2022 here.
When is Amalgamated Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our AMAL earnings forecast.
How were Amalgamated Financial's earnings last quarter?: Amalgamated Financial Corp. (NASDAQ:AMAL) posted its quarterly earnings data on Wednesday, October, 27th. The company reported $0.46 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.09. The business earned $50.09 million during the quarter, compared to the consensus estimate of $48.26 million. Amalgamated Financial had a net margin of 27.85% and a trailing twelve-month return on equity of 14.49%. During the same period in the prior year, the firm earned $0.54 EPS.
How often does Amalgamated Financial pay dividends? What is the dividend yield for Amalgamated Financial?: Amalgamated Financial announced a quarterly dividend on Wednesday, October 26th. Stockholders of record on Wednesday, November 9th will be given a dividend of $0.10 per share on Monday, November 28th. This represents a $0.40 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Tuesday, November 8th.
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 1.51%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 17.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMAL will have a dividend payout ratio of 12.62% 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 initial public offering (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) 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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (4.85%), Vanguard Group Inc. (3.34%), Brown Advisory Inc. (3.06%), First Manhattan Co. (1.42%), Dimensional Fund Advisors LP (1.41%) and Nuveen Asset Management LLC (1.37%). 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 $26.17.
How much money does Amalgamated Financial make?: Amalgamated Financial (NASDAQ:AMAL) has a market capitalization of $802.63 million and generates $208.91 million in revenue each year. The company earns $52.94 million in net income (profit) each year or $2.32 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) 895-8988 or via email at investorrelations@amalgamatedbank.com.

This page (NASDAQ:AMAL) was last updated on 11/30/2022 by MarketBeat.com Staff

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