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 1.69%. 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) released its quarterly earnings data on Monday, October, 28th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.37 by $0.04. The firm had revenue of $49.42 million for the quarter, compared to analysts' expectations 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 analysts have issued 1-year price targets for Amalgamated Bank's stock. Their forecasts range from $19.00 to $21.00. On average, they expect Amalgamated Bank's stock price to reach $20.00 in the next twelve months. This suggests a possible upside of 5.5% 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 stories about AMAL stock have been trending positive recently, InfoTrie Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Amalgamated Bank earned a news sentiment score of 3.0 on InfoTrie's scale. They also gave press coverage about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Amalgamated Bank.

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

Some companies that are related to Amalgamated Bank include Argo Group (ARGO), United Community Banks (UCBI), Nelnet (NNI), Close Brothers Group (CBG), Essential Properties Realty Trust (EPRT), Colony Capital (CLNY), Urban Edge Properties (UE), First National Financial (FN), Noah (NOAH), PennyMac Mortgage Investment Trust (PMT), Xenia Hotels & Resorts (XHR), Independent Bank Group (IBTX), First Merchants (FRME), Cadence Bancorp (CADE) and Great Portland Estates (GPEAF).

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 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) acted as the underwriters for the IPO.

Amalgamated Bank's stock is owned by many different of institutional and retail investors. Top institutional investors include Peregrine Capital Management LLC (1.01%).

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

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 $18.95.

Amalgamated Bank has a market capitalization of $602.04 million and generates $192.28 million in revenue each year. Amalgamated Bank employs 421 workers across the globe.View Additional Information About Amalgamated Bank.