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S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
MarketBeat Week in Review – 3/27 - 3/31
5 Hypergrowth Stocks to Buy Now (Ad)pixel
UK travelers face hours-long waits for ferries to France
'War of the states': EV, chip makers lavished with subsidies
5 Hypergrowth Stocks to Buy Now (Ad)pixel
Gas prices increase in NJ, around nation amid higher demand
Lanterns and crescents: more retailers court Ramadan buyers
This Tech Stock Could be the Next Amazon (Ad)pixel
Shipbuilder Austal executives accused of inflating earnings
No more room for vroom? Paris votes on banishing e-scooters
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
MarketBeat Week in Review – 3/27 - 3/31
5 Hypergrowth Stocks to Buy Now (Ad)pixel
UK travelers face hours-long waits for ferries to France
'War of the states': EV, chip makers lavished with subsidies
5 Hypergrowth Stocks to Buy Now (Ad)pixel
Gas prices increase in NJ, around nation amid higher demand
Lanterns and crescents: more retailers court Ramadan buyers
This Tech Stock Could be the Next Amazon (Ad)pixel
Shipbuilder Austal executives accused of inflating earnings
No more room for vroom? Paris votes on banishing e-scooters
S&P 500   4,109.31
DOW   33,274.15
QQQ   320.93
MarketBeat Week in Review – 3/27 - 3/31
5 Hypergrowth Stocks to Buy Now (Ad)pixel
UK travelers face hours-long waits for ferries to France
'War of the states': EV, chip makers lavished with subsidies
5 Hypergrowth Stocks to Buy Now (Ad)pixel
Gas prices increase in NJ, around nation amid higher demand
Lanterns and crescents: more retailers court Ramadan buyers
This Tech Stock Could be the Next Amazon (Ad)pixel
Shipbuilder Austal executives accused of inflating earnings
No more room for vroom? Paris votes on banishing e-scooters
NASDAQ:AMAL

Amalgamated Financial - AMAL Stock Forecast, Price & News

$17.69
+0.03 (+0.17%)
(As of 03/31/2023 12:00 AM ET)
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Compare
Today's Range
$17.30
$17.95
50-Day Range
$17.66
$24.31
52-Week Range
$16.82
$27.33
Volume
395,277 shs
Average Volume
202,980 shs
Market Capitalization
$543.79 million
P/E Ratio
6.75
Dividend Yield
2.26%
Price Target
$27.00

Amalgamated Financial MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
52.6% Upside
$27.00 Price Target
Short Interest
Healthy
3.23% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.41mentions of Amalgamated Financial in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$1.04 M Sold Last Quarter
Proj. Earnings Growth
6.04%
From $2.98 to $3.16 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.88 out of 5 stars

Finance Sector

173rd out of 878 stocks

State Commercial Banks Industry

51st out of 181 stocks


AMAL stock logo

About Amalgamated Financial (NASDAQ:AMAL) Stock

Amalgamated Financial Corp. operates as a holding company for Amalgamated Bank. It offers commercial and retail banking, investment management, and trust custody segments. The company was founded in 1923 and is headquartered in New York, NY.

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AMAL Stock News Headlines

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Sugar Reduction Market Share Likely to Grow At a CAGR
KBW Reaffirms Their Buy Rating on Amalgamated Bank (AMAL)
See More Headlines
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AMAL Company Calendar

Last Earnings
1/26/2023
Ex-Dividend for 2/20 Dividend
2/03/2023
Dividend Payable
2/20/2023
Today
4/01/2023
Next Earnings (Estimated)
4/27/2023
Fiscal Year End
12/31/2023

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
$27.00
High Stock Price Forecast
$29.00
Low Stock Price Forecast
$24.00
Forecasted Upside/Downside
+52.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$81.48 million
Pretax Margin
38.30%

Debt

Sales & Book Value

Annual Sales
$282.39 million
Cash Flow
$3.01 per share
Book Value
$16.59 per share

Miscellaneous

Free Float
30,084,000
Market Cap
$543.79 million
Optionable
Not Optionable
Beta
0.80

Key Executives

  • Priscilla Sims Brown
    President, Chief Executive Officer & Director
  • Sean Searby
    Chief Operating Officer & Executive Vice President
  • Jason Darby
    Chief Financial Officer & Senior Vice President
  • Mandy Tenner
    Executive Vice President & General Counsel
  • Sherry Williams
    Chief Risk Officer & Executive Vice President













AMAL Stock - Frequently Asked Questions

Should I buy or sell Amalgamated Financial stock right now?

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.
View AMAL analyst ratings
or view top-rated stocks.

What is Amalgamated Financial's stock price forecast for 2023?

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.
View analysts price targets for AMAL
or view top-rated stocks among Wall Street analysts.

How have AMAL shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

Are investors shorting Amalgamated Financial?

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.
View Amalgamated Financial's Short Interest
.

When is Amalgamated Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our AMAL earnings forecast
.

How were Amalgamated Financial's earnings last quarter?

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%.

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

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
.

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 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.

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 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.

What is Amalgamated Financial's stock symbol?

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

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 $17.69.

How much money does Amalgamated Financial make?

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.

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) 255-6200 or via email at investorrelations@amalgamatedbank.com.

This page (NASDAQ:AMAL) was last updated on 4/2/2023 by MarketBeat.com Staff