Amalgamated Financial - AMAL Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Amalgamated Financial in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" AMAL shares.
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3 equities research analysts have issued 12 month price targets for Amalgamated Financial's stock. Their AMAL share price forecasts range from $24.00 to $29.00. On average, they anticipate the company's stock price to reach $27.00 in the next year. This suggests a possible upside of 52.6% from the stock's current price.
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Amalgamated Financial's stock was trading at $23.04 at the beginning of the year. Since then, AMAL stock has decreased by 23.2% and is now trading at $17.69.
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Amalgamated Financial saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 532,700 shares, a decrease of 28.0% from the February 28th total of 739,900 shares. Based on an average daily trading volume, of 178,700 shares, the days-to-cover ratio is currently 3.0 days. Approximately 3.2% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our AMAL earnings forecast.

Amalgamated Financial Corp. (NASDAQ:AMAL) released its earnings results on Thursday, January, 26th. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.10. The firm earned $71.57 million during the quarter, compared to analyst estimates of $73.11 million. Amalgamated Financial had a net margin of 28.85% and a trailing twelve-month return on equity of 16.68%.

Amalgamated Financial announced a quarterly dividend on Tuesday, January 24th. Stockholders of record on Monday, February 6th will be given a dividend of $0.10 per share on Monday, February 20th. This represents a $0.40 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Friday, February 3rd.
Read our dividend analysis for AMAL.

ETFs with the largest weight of Amalgamated Financial (NASDAQ:AMAL) stock in their portfolio include First Trust Dow Jones Select Microcap Index Fund (FDM), Etho Climate Leadership US ETF (ETHO), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), First Trust NASDAQ ABA Community Bank Index Fund (QABA), SPDR S&P Regional Banking ETF (KRE), Direxion Daily Regional Banks Bull 3x Shares (DPST), Janus Henderson Small Cap Growth Alpha ETF (JSML) and Dimensional US Small Cap Value ETF (DFSV).

Amalgamated Financial (NASDAQ:AMAL) pays an annual dividend of $0.40 per share and currently has a dividend yield of 2.21%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 15.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMAL will have a dividend payout ratio of 12.66% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AMAL.

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).

(AMAL) raised $107 million in an initial public offering 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 Financial trades on the NASDAQ under the ticker symbol "AMAL."

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.
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One share of AMAL stock can currently be purchased for approximately $17.69.

Amalgamated Financial (NASDAQ:AMAL) has a market capitalization of $543.79 million and generates $282.39 million in revenue each year. The company earns $81.48 million in net income (profit) each year or $2.62 on an earnings per share basis.

The company employs 375 workers across the globe.

The official website for the company is www.amalgamatedbank.com. The company can be reached via phone at (212) 255-6200 or via email at investorrelations@amalgamatedbank.com.