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

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

Amalgamated Bank announced a quarterly dividend on Thursday, August 1st. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.06 per share on Friday, August 30th. This represents a $0.24 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Wednesday, August 14th. View Amalgamated Bank's Dividend History.

Amalgamated Bank (NASDAQ:AMAL) released its earnings results on Monday, July, 29th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the Zacks' consensus estimate of $0.36. The firm earned $48.21 million during the quarter, compared to analyst estimates of $49.15 million. View Amalgamated Bank's Earnings History.

Amalgamated Bank is scheduled to release their next quarterly earnings announcement on Monday, November 4th 2019. View Earnings Estimates for Amalgamated Bank.

6 brokerages have issued twelve-month target prices for Amalgamated Bank's stock. Their predictions range from $19.00 to $21.00. On average, they anticipate Amalgamated Bank's share price to reach $19.9167 in the next twelve months. This suggests a possible upside of 26.2% from the stock's current price. View Analyst Price Targets for Amalgamated Bank.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Amalgamated Bank in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Amalgamated Bank.

Media coverage about AMAL stock has been trending positive on Thursday, according to InfoTrie. The research firm ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources. 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 coverage optimism score of 2.5 on InfoTrie's scale. They also assigned news stories about the company a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the stock's share price in the near term. View News Stories for Amalgamated Bank.

Amalgamated Bank saw a decline in short interest in July. As of July 31st, there was short interest totalling 112,500 shares, a decline of 29.3% from the June 30th total of 159,100 shares. Based on an average trading volume of 35,200 shares, the days-to-cover ratio is presently 3.2 days. Approximately 0.8% of the company's stock are short sold. View Amalgamated Bank's Current Options Chain.

Some companies that are related to Amalgamated Bank include IG Group (IGG), LegacyTexas Financial Group (LTXB), LTC Properties (LTC), Renasant (RNST), Gazit Globe (GZTGF), National Storage Affiliates Trust (NSA), Close Brothers Group (CBG), TowneBank (TOWN), Four Corners Property Trust (FCPT), Capitol Federal Financial (CFFN), Banner (BANR), DiamondRock Hospitality (DRH), WesBanco (WSBC), NMI (NMIH) and Alexander's (ALX).

Based on aggregate information from My MarketBeat watchlists, some companies that other Amalgamated Bank investors own include Alibaba Group (BABA), BlackRock (BLK), General Electric (GE), Verizon Communications (VZ), Amgen (AMGN), Comcast (CMCSA), Docusign (DOCU), Kraft Heinz (KHC), Masimo (MASI) and Starbucks (SBUX).

(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 Bank's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (3.53%), BlackRock Inc. (2.78%), Cramer Rosenthal Mcglynn LLC (2.70%), Mendon Capital Advisors Corp (2.24%), RMB Capital Management LLC (1.73%) and Peregrine Capital Management LLC (1.24%).

AMAL stock was sold by a variety of institutional investors in the last quarter, including Emerald Mutual Fund Advisers Trust, Blackstone Group Inc, Russell Investments Group Ltd., RMB Capital Management LLC, Cramer Rosenthal Mcglynn LLC, Foresters Investment Management Company Inc., Peregrine Capital Management LLC and ELCO Management Co. LLC.

AMAL stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Penn Capital Management Co. Inc., Athena Capital Advisors LLC, Vanguard Group Inc., First Trust Advisors LP, Reynders McVeigh Capital Management LLC, Domini Impact Investments LLC and Mendon Capital Advisors Corp.

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, Scottrade, Fidelity and Charles Schwab.

One share of AMAL stock can currently be purchased for approximately $15.78.

Amalgamated Bank has a market capitalization of $501.35 million and generates $192.28 million in revenue each year. Amalgamated Bank employs 421 workers across the globe.View Additional Information About Amalgamated Bank.