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NASDAQ:AMALAmalgamated Bank Stock Price, Forecast & News

+0.27 (+2.62 %)
(As of 05/22/2020 04:00 PM ET)
Today's Range
Now: $10.57
50-Day Range
MA: $9.85
52-Week Range
Now: $10.57
Volume33,411 shs
Average Volume81,862 shs
Market Capitalization$335.81 million
P/E Ratio7.39
Dividend Yield3.03%
Amalgamated Bank, together with its subsidiaries, provides commercial banking and retail banking products and services in the United States. The company offers deposit products, including time deposits, 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; and debit and ATM card services. In addition, the company offers online banking, bill payment, online cash management, and safe deposit box rental services; and institutional 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; securities; and asset allocation, life insurance, brokerage, and asset management services. 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 12 branches in New York City; 1 branch in Washington, D.C.; 1 branch in San Francisco; 1 representative office in Pasadena, California; and 1 loan production office in Boulder, Colorado, 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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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.24 out of 5 stars

Industry, Sector and Symbol

Industry N/A
Current SymbolNASDAQ:AMAL



Sales & Book Value

Annual Sales$215.15 million



Market Cap$335.81 million
Next Earnings Date8/3/2020 (Estimated)
OptionableNot Optionable

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Amalgamated Bank (NASDAQ:AMAL) Frequently Asked Questions

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

Amalgamated Bank's stock was trading at $13.02 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, AMAL shares have decreased by 18.8% and is now trading at $10.57. View which stocks have been most impacted by Coronavirus.

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

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Amalgamated Bank in the last year. There are currently 3 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, August 3rd 2020. View our earnings forecast for Amalgamated Bank.

How were Amalgamated Bank's earnings last quarter?

Amalgamated Bank (NASDAQ:AMAL) posted its quarterly earnings data on Thursday, April, 30th. The company reported $0.29 EPS for the quarter, missing the Zacks' consensus estimate of $0.35 by $0.06. The business had revenue of $53.81 million for the quarter, compared to analyst estimates of $48.94 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, April 29th. Shareholders of record on Thursday, May 14th will be given a dividend of $0.08 per share on Tuesday, June 2nd. This represents a $0.32 annualized dividend and a yield of 3.03%. The ex-dividend date is Wednesday, May 13th. View Amalgamated Bank's dividend history.

What price target have analysts set for AMAL?

3 brokerages have issued 1 year price targets for Amalgamated Bank's shares. Their forecasts range from $13.00 to $21.00. On average, they expect Amalgamated Bank's stock price to reach $18.33 in the next twelve months. This suggests a possible upside of 73.4% from the stock's current price. View analysts' price targets for Amalgamated Bank.

Has Amalgamated Bank been receiving favorable news coverage?

Media headlines about AMAL stock have trended extremely negative on Sunday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Amalgamated Bank earned a coverage optimism score of -4.6 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near term. View the latest news aboutAmalgamated Bank.

Are investors shorting Amalgamated Bank?

Amalgamated Bank saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 113,800 shares, an increase of 11.0% from the April 30th total of 102,500 shares. Based on an average trading volume of 119,300 shares, the short-interest ratio is presently 1.0 days. Currently, 0.8% of the company's shares are sold short. View Amalgamated Bank's Current Options Chain.

Who are some of Amalgamated Bank's key 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), Suncor Energy (SU), AbbVie (ABBV), Amgen (AMGN), Alibaba Group (BABA), BlackRock (BLK) and CenterPoint Energy (CNP).

Who are Amalgamated Bank's key executives?

Amalgamated Bank's management team includes the following people:
  • Mr. Keith R. Mestrich, Pres, CEO & Director (Age 52)
  • Mr. Andrew LaBenne, Sr. EVP & CFO (Age 45)
  • Mr. Martin Murrell, Sr. EVP & COO (Age 56)
  • Mr. Edgar Romney Sr., Exec. VP, Northeast Regional Director & Director (Age 76)
  • Mr. Jason Darby, Chief Accounting Officer, Controller & Exec. VP (Age 47)

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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (3.52%), Cramer Rosenthal Mcglynn LLC (3.15%), Patriot Financial Partners GP LP (2.63%), WL Ross & Co. LLC (2.60%), Mendon Capital Advisors Corp (1.26%) and State Street Corp (0.82%).

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, WL Ross & Co. LLC, Two Sigma Investments LP, Morgan Stanley, JPMorgan Chase & Co., Deutsche Bank AG, Bank of New York Mellon Corp, and UBS Group AG.

Which major investors are buying Amalgamated Bank stock?

AMAL stock was bought by a variety of institutional investors in the last quarter, including Patriot Financial Partners GP LP, Martingale Asset Management L P, Cramer Rosenthal Mcglynn LLC, Assenagon Asset Management S.A., BlackRock Inc., Grantham Mayo Van Otterloo & Co. LLC, Bessemer Group Inc., and Globeflex Capital L P.

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 $10.57.

How big of a company is Amalgamated Bank?

Amalgamated Bank has a market capitalization of $335.81 million and generates $215.15 million in revenue each year. Amalgamated Bank employs 421 workers across the globe.

This page was last updated on 5/24/2020 by MarketBeat.com Staff

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