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NASDAQ:AMAL

Amalgamated Financial - AMAL Stock Forecast, Price & News

$26.67
+0.50 (+1.91%)
(As of 11/30/2022 05:18 PM ET)
Add
Compare
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
0.93mentions of Amalgamated Financial in the last 14 days
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

AMAL stock logo

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

Best environmentally friendly banks of October 2022
Amalgamated Financial Corp.
Banking C.E.O.s Face a Grilling on Capitol Hill
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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

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:AMAL
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

Net Income
$52.94 million
Pretax Margin
37.35%

Debt

Sales & Book Value

Annual Sales
$208.91 million
Cash Flow
$2.13 per share
Book Value
$15.90 per share

Miscellaneous

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. BrownMr. 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













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