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

$18.14
-0.61 (-3.25 %)
(As of 02/16/2020 04:00 PM ET)
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Today's Range
$18.07
Now: $18.14
$18.79
50-Day Range
$17.24
MA: $18.65
$19.59
52-Week Range
$14.58
Now: $18.14
$20.00
Volume31,540 shs
Average Volume53,694 shs
Market Capitalization$576.31 million
P/E Ratio12.42
Dividend Yield1.71%
Beta0.47
Amalgamated Bank, together with its subsidiaries, provides commercial banking and retail banking products and services in the United States. The company offers deposit products, including time deposits, 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; and debit and ATM card services. Read More…

Industry, Sector and Symbol

Industry N/A
Sub-IndustryN/A
SectorN/A
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

Employees421
Market Cap$576.31 million
Next Earnings Date5/5/2020 (Estimated)
OptionableNot Optionable

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Amalgamated Bank (NASDAQ:AMAL) Frequently Asked Questions

What is Amalgamated Bank's stock symbol?

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

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

Amalgamated Bank announced a quarterly dividend on Thursday, February 6th. Stockholders 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 dividend yield of 1.76%. The ex-dividend date is Thursday, February 20th. View Amalgamated Bank's Dividend History.

How were Amalgamated Bank's earnings last quarter?

Amalgamated Bank (NASDAQ:AMAL) announced its quarterly earnings data on Friday, January, 31st. The company reported $0.39 EPS for the quarter, meeting the Zacks' consensus estimate of $0.39. The company earned $50.03 million during the quarter, compared to analysts' expectations of $49.80 million. View Amalgamated Bank's Earnings History.

When is Amalgamated Bank's next earnings date?

Amalgamated Bank is scheduled to release their next quarterly earnings announcement on Tuesday, May 5th 2020. View Earnings Estimates for Amalgamated Bank.

What price target have analysts set for AMAL?

3 analysts have issued 12-month price objectives for Amalgamated Bank's stock. 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 12.1% from the stock's current price. View Analyst Price Targets for Amalgamated Bank.

What is the consensus analysts' recommendation for 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.

Has Amalgamated Bank been receiving favorable news coverage?

Media coverage about AMAL stock has been trending negative this week, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Amalgamated Bank earned a news impact score of -2.3 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 effect on the company's share price in the next few days. View News Stories for Amalgamated Bank.

Are investors shorting Amalgamated Bank?

Amalgamated Bank saw a increase in short interest during the month of January. As of January 31st, there was short interest totalling 56,600 shares, an increase of 29.8% from the January 15th total of 43,600 shares. Based on an average trading volume of 76,300 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.4% of the shares of the stock are sold short. View Amalgamated Bank's Current Options Chain.

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), Chewy (CHWY), Pfizer (PFE), Suncor Energy (SU), Exxon Mobil (XOM), Docusign (DOCU), RealReal (REAL), Stitch Fix (SFIX), SVMK (SVMK) and Tilray (TLRY).

Who are Amalgamated Bank's key executives?

Amalgamated Bank's management team includes the folowing people:
  • Mr. Keith R. Mestrich, Pres, CEO & Director (Age 52)
  • Mr. Andrew LaBenne, Sr. EVP & CFO (Age 45)
  • Mr. Martin Murrell, Sr. EVP & COO (Age 56)
  • Mr. Edgar Romney Sr., Exec. VP, Northeast Regional Director & Director (Age 76)
  • Mr. Jason Darby, Chief Accounting Officer, Controller & Exec. VP (Age 47)

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) served as the underwriters for the IPO.

Who are Amalgamated Bank's major shareholders?

Amalgamated Bank's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Cramer Rosenthal Mcglynn LLC (2.79%), Goldman Sachs Group Inc. (2.68%), Mendon Capital Advisors Corp (1.85%), FMR LLC (1.46%), RMB Capital Management LLC (1.01%) and Peregrine Capital Management LLC (1.01%).

Which major investors are selling Amalgamated Bank stock?

AMAL stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., RMB Capital Management LLC, Mendon Capital Advisors Corp, New York State Common Retirement Fund, Sei Investments Co., Charles Schwab Investment Management Inc., First Trust Advisors LP and Peregrine Capital Management LLC.

Which major investors are buying Amalgamated Bank stock?

AMAL stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Marshall Wace LLP, Bank of New York Mellon Corp, Jacobs Levy Equity Management Inc., Renaissance Technologies LLC, Cramer Rosenthal Mcglynn LLC, Oxford Asset Management LLP and State Street Corp.

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 $18.14.

How big of a company is Amalgamated Bank?

Amalgamated Bank has a market capitalization of $576.31 million and generates $215.15 million in revenue each year. Amalgamated Bank employs 421 workers across the globe.View Additional Information About Amalgamated Bank.


MarketBeat Community Rating for Amalgamated Bank (NASDAQ AMAL)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  57 (Vote Outperform)
Underperform Votes:  74 (Vote Underperform)
Total Votes:  131
MarketBeat's community ratings are surveys of what our community members think about Amalgamated Bank and other stocks. Vote "Outperform" if you believe AMAL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AMAL will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/16/2020 by MarketBeat.com Staff

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