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NASDAQ:AMAL

Amalgamated Bank Stock Forecast, Price & News

$10.75
-0.50 (-4.44 %)
(As of 09/22/2020 03:13 PM ET)
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Compare
Today's Range
$10.73
Now: $10.75▼
$11.39
50-Day Range
$11.24
MA: $12.05▼
$12.85
52-Week Range
$7.90
Now: $10.75▼
$20.00
Volume3,407 shs
Average Volume80,057 shs
Market Capitalization$341.54 million
P/E Ratio7.62
Dividend Yield2.70%
Beta0.8
Amalgamated Bank, together with its subsidiaries, operates as a commercial bank and a chartered trust company in the United States. The company offers deposit products, including 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. In addition, the company offers online banking, bill payment, online cash management, and safe deposit box rental services; debit, prepaid, 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. It serves advocacy-based non-profits, social welfare organizations, labor unions, political organizations, foundations, socially responsible businesses, and other for-profit companies, as well as their members and stakeholders. The company operates a network of 11 branches in New York City; one branch in Washington, D.C.; and one branch in San Francisco, as well as a digital banking and mobile platform. The company was formerly known as Amalgamated Bank of New York and changed its name to Amalgamated Bank in 2000. The company was founded in 1923 and is headquartered in New York, New York. Amalgamated Bank is a subsidiary of Workers United.
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Amalgamated Bank logo

Beat the Market (BTM) Rank™

Analyst Opinion: 3.5Community Rank: 2.1Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.07 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry N/A
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:AMAL
Previous Symbol
CUSIPN/A
CIKN/A
WebN/A
PhoneN/A

Debt

Debt-to-Equity RatioN/A
Current RatioN/A
Quick RatioN/A

Price-To-Earnings

Trailing P/E Ratio7.62
Forward P/E Ratio8.81
P/E GrowthN/A

Sales & Book Value

Annual Sales$215.15 million
Price / Sales1.59
Cash FlowN/A
Price / Cash FlowN/A
Book ValueN/A
Price / BookN/A

Profitability

EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A

Miscellaneous

Employees398
Outstanding Shares31,771,000
Market Cap$341.54 million
Next Earnings Date10/26/2020 (Estimated)
OptionableNot Optionable
$10.75
-0.50 (-4.44 %)
(As of 09/22/2020 03:13 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Amalgamated Bank (NASDAQ:AMAL) Frequently Asked Questions

How has Amalgamated Bank's stock price been impacted by Coronavirus (COVID-19)?

Amalgamated Bank's stock was trading at $13.02 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, AMAL stock has decreased by 17.4% and is now trading at $10.75.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Amalgamated Bank?

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

When is Amalgamated Bank's next earnings date?

Amalgamated Bank is scheduled to release its next quarterly earnings announcement on Monday, October 26th 2020.
View our earnings forecast for Amalgamated Bank.

How were Amalgamated Bank's earnings last quarter?

Amalgamated Bank (NASDAQ:AMAL) issued its earnings results on Tuesday, July, 28th. The company reported $0.34 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.26 by $0.08. The firm had revenue of $53.11 million for the quarter, compared to analysts' expectations of $50.15 million.
View Amalgamated Bank's earnings history.

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

Amalgamated Bank announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.08 per share on Thursday, September 3rd. This represents a $0.32 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Tuesday, August 18th.
View Amalgamated Bank's dividend history.

What price target have analysts set for AMAL?

4 Wall Street analysts have issued 1-year price targets for Amalgamated Bank's shares. Their forecasts range from $13.00 to $21.00. On average, they anticipate Amalgamated Bank's share price to reach $17.25 in the next twelve months. This suggests a possible upside of 60.5% from the stock's current price.
View analysts' price targets for Amalgamated Bank.

Are investors shorting Amalgamated Bank?

Amalgamated Bank saw a decline in short interest in the month of August. As of August 14th, there was short interest totaling 115,400 shares, a decline of 15.8% from the July 30th total of 137,000 shares. Based on an average daily trading volume, of 54,600 shares, the short-interest ratio is presently 2.1 days. Approximately 0.9% of the company's stock are sold short.
View Amalgamated Bank's Short Interest.

Who are some of Amalgamated Bank's key competitors?

Some companies that are related to Amalgamated Bank include Freedom (FRHC), Freedom (FRHC), United Community Banks (UCBI), Global Net Lease (GNL), NMI (NMIH), American Assets Trust (AAT), Itau Corpbanca (ITCB), WesBanco (WSBC), RLJ Lodging Trust (RLJ), Two Harbors Investment (TWO), Horace Mann Educators (HMN), McGrath RentCorp (MGRC), Industrial Logistics Properties Trust (ILPT), Fortress Transprtn and Infr Investrs (FTAI) and Axos Financial (AX).
View all competitors.

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), Pfizer (PFE), Exxon Mobil (XOM), JPMorgan Chase & Co. (JPM), Kohl's (KSS), ONEOK (OKE), Suncor Energy (SU), AbbVie (ABBV), Amgen (AMGN) and Alibaba Group (BABA).

Who are Amalgamated Bank's key executives?

Amalgamated Bank's management team includes the following people:
  • Mr. Keith R. Mestrich, Pres, CEO & Director (Age 53, Pay $1.41M)
  • Mr. Andrew LaBenne, Sr. Exec. VP & CFO (Age 46, Pay $691.2k)
  • Mr. Martin Murrell, Sr. EVP & COO (Age 57, Pay $604.8k)
  • Mr. Jason Darby, Chief Accounting Officer, Controller & Exec. VP (Age 48)
  • Ms. Barbara D. Kissner, Exec. VP & Chief Information Officer

When did Amalgamated Bank 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) acted as the underwriters for the IPO.

What is Amalgamated Bank's stock symbol?

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

Who are Amalgamated Bank's major shareholders?

Amalgamated Bank's stock is owned by many different retail and institutional investors. Top institutional shareholders include Goldman Sachs Group Inc. (2.97%), Reynders McVeigh Capital Management LLC (0.75%), Nuveen Asset Management LLC (0.47%), DekaBank Deutsche Girozentrale (0.39%), Bank of New York Mellon Corp (0.38%) and Charles Schwab Investment Management Inc. (0.35%).

Which major investors are selling Amalgamated Bank stock?

AMAL stock was sold by a variety of institutional investors in the last quarter, including Mendon Capital Advisors Corp, Bridgeway Capital Management Inc., FMR LLC, FMR LLC, Reynders McVeigh Capital Management LLC, Engineers Gate Manager LP, Bank of New York Mellon Corp, and Assenagon Asset Management S.A..

Which major investors are buying Amalgamated Bank stock?

AMAL stock was purchased by a variety of institutional investors in the last quarter, including DekaBank Deutsche Girozentrale, Arjuna Capital, Goldman Sachs Group Inc., Bank of Montreal Can, Russell Investments Group Ltd., Mackay Shields LLC, Charles Schwab Investment Management Inc., and Fiduciary Trust International LLC.

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 $10.75.

How big of a company is Amalgamated Bank?

Amalgamated Bank has a market capitalization of $341.54 million and generates $215.15 million in revenue each year. Amalgamated Bank employs 398 workers across the globe.

This page was last updated on 9/22/2020 by MarketBeat.com Staff
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