Should I buy or sell Amalgamated Financial stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Amalgamated Financial in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities 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 target for 2024?

2 analysts have issued 1-year price targets for Amalgamated Financial's shares. Their AMAL share price targets range from $29.50 to $30.00. On average, they predict the company's stock price to reach $29.75 in the next twelve months. This suggests a possible upside of 36.6% 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 2024?

Amalgamated Financial's stock was trading at $26.94 at the start of the year. Since then, AMAL shares have decreased by 19.2% and is now trading at $21.78. View the best growth stocks for 2024 here .

Are investors shorting Amalgamated Financial?

Amalgamated Financial saw a increase in short interest in March. As of March 31st, there was short interest totaling 881,100 shares, an increase of 5.3% from the March 15th total of 837,000 shares. Based on an average trading volume of 154,900 shares, the short-interest ratio is presently 5.7 days. Currently, 5.0% of the shares of the company are short sold. 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 25th 2024. View our AMAL earnings forecast .

How can I listen to Amalgamated Financial's earnings call?

Amalgamated Financial will be holding an earnings conference call on Thursday, April 25th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671.

How were Amalgamated Financial's earnings last quarter?

Amalgamated Financial Corp. (NASDAQ:AMAL) announced its earnings results on Thursday, January, 25th. The company reported $0.72 earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by $0.01. The firm had revenue of $105.39 million for the quarter, compared to analyst estimates of $71.59 million. Amalgamated Financial had a trailing twelve-month return on equity of 16.60% and a net margin of 22.71%. During the same quarter last year, the company earned $0.83 EPS.

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

Amalgamated Financial announced a quarterly dividend on Tuesday, January 23rd. Shareholders of record on Tuesday, February 6th will be given a dividend of $0.10 per share on Friday, February 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Monday, February 5th. 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 1.82%. The dividend payout ratio is 13.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMAL will have a dividend payout ratio of 12.27% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for AMAL .

What ETF holds Amalgamated Financial's stock?

Hypatia Women CEO ETF holds 1,449 shares of AMAL stock, representing 1.14% of its portfolio.

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?

Amalgamated Financial (AMAL) raised $107 million in an initial public offering 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.

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:AMAL

Amalgamated Financial (AMAL) Stock Price, News & Analysis

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Free AMAL Stock Alerts

$21.78

-0.20 (-0.91%)

(As of 04/15/2024 ET)

Compare

Today's Range: $21.60
▼
$22.32
50-Day Range: $21.78
▼
$24.78
52-Week Range: $14.05
▼
$27.77

Volume: 74,914 shs
Average Volume: 149,960 shs
Market Capitalization: $664.49 million

P/E Ratio: 7.62
Dividend Yield: 1.84%
Price Target: $29.75

Get Amalgamated Financial alerts:

Amalgamated Financial MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 36.6% Upside
$29.75 Price Target
Short Interest: Bearish
5.02% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.03
Based on 10 Articles This Week
Insider Trading: Selling Shares
$35,374 Sold Last Quarter
Proj. Earnings Growth: 6.19%
From $3.07 to $3.26 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.23 out of 5 stars

Finance Sector

490th out of 878 stocks

State Commercial Banks Industry

125th out of 179 stocks

3.5

Analyst's Opinion

Consensus Rating
Amalgamated Financial has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Amalgamated Financial has only been the subject of 2 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
5.02% of the float of Amalgamated Financial has been sold short.
Short Interest Ratio / Days to Cover
Amalgamated Financial has a short interest ratio ("days to cover") of 5.7.
Change versus previous month
Short interest in Amalgamated Financial has recently increased by 5.27%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Amalgamated Financial pays a meaningful dividend of 1.82%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Amalgamated Financial does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Amalgamated Financial is 13.99%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Amalgamated Financial will have a dividend payout ratio of 12.27% next year. This indicates that Amalgamated Financial will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for AMAL.

1.7

News and Social Media Coverage

News Sentiment
Amalgamated Financial has a news sentiment score of 0.03. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for Amalgamated Financial this week, compared to 3 articles on an average week.
Search Interest
Only 1 people have searched for AMAL on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Amalgamated Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Amalgamated Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $35,374.00 in company stock.
Percentage Held by Insiders
Only 1.42% of the stock of Amalgamated Financial is held by insiders.
Percentage Held by Institutions
75.93% of the stock of Amalgamated Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Amalgamated Financial are expected to grow by 6.19% in the coming year, from $3.07 to $3.26 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Amalgamated Financial is 7.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of Amalgamated Financial is 7.62, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 56.90.
Price to Book Value per Share Ratio
Amalgamated Financial has a P/B Ratio of 1.13. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Amalgamated Financial Stock (NASDAQ:AMAL)

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; residential mortgage loans; and retail loans, such as residential real estate, consumer solar, 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 funds spanning equity, fixed-income, real estate, and alternative investment products; and brokerage, asset management, and insurance products. Amalgamated Financial Corp. was founded in 1923 and is headquartered in New York, New York.

AMAL Stock Price History

30 days | 90 days | 365 days | Advanced Chart

AMAL Stock News Headlines

April 15, 2024 | msn.com

Are Options Traders Betting on a Big Move in Amalgamated Financial (AMAL) Stock?

April 13, 2024 | msn.com

N’Assembly 20-agency plan may hinder Oronsaye report implementation

April 16, 2024 | InvestorPlace (Ad)

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April 13, 2024 | ft.com

Vivien Duffield: ‘At Tate we never got the garden right’

April 13, 2024 | msn.com

Metro optimistic that pay increases will fill open positions

April 13, 2024 | msn.com

Millions of transit fares underpaid in 2023: Winnipeg union

April 11, 2024 | globenewswire.com

Amalgamated Financial Corp. Announces First Quarter 2024 Earnings Conference Call

April 10, 2024 | forbes.com

Amalgamated Bank (NY)

April 16, 2024 | InvestorPlace (Ad)

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April 7, 2024 | americanbankingnews.com

Keefe, Bruyette & Woods Lowers Amalgamated Financial (NASDAQ:AMAL) Price Target to $30.00

April 3, 2024 | bloomberg.com

Global Regulatory Brief: Risk, capital and financial stability, April edition

April 2, 2024 | msn.com

My mother-in-law demands loan payment from us but denies sharing her land

April 1, 2024 | msn.com

Bank of Cyprus: maintaining a leading role in the environmental, social and governance pillars

March 29, 2024 | finanznachrichten.de

Metalla Royalty and Streaming Ltd.: Metalla Reports Financial Results For The 2023 Fiscal Year And Provides Asset Updates

March 28, 2024 | finance.yahoo.com

NSSF CELEBRATES KENTUCKY SECOND AMENDMENT PRIVACY ACT PASSING INTO LAW

March 28, 2024 | msn.com

Deadly shootings at bus stops: Are America's buses under siege from gun violence?

March 28, 2024 | msn.com

Best Environmentally Friendly Banks of April 2024

March 27, 2024 | msn.com

Best Banks for Avoiding ATM Fees for April 2024

March 22, 2024 | msn.com

Rotorua council-controlled organisation InfraCore workers strike for living wage

March 18, 2024 | msn.com

Appellate court to determine KCB's legal battle over defaulted loan

March 18, 2024 | msn.com

In courts today: Matara bail application hearing set for today

March 11, 2024 | msn.com

Aditya Birla Finance to merge with parent to comply with RBI norms on listing

March 11, 2024 | msn.com

Aditya Birla Capital to merge with AB Fin

March 9, 2024 | edition.cnn.com

Amalgamated Financial Corp

March 7, 2024 | markets.businessinsider.com

Analysts Offer Insights on Financial Companies: Amalgamated Bank (AMAL) and TriplePoint Venture Growth (TPVG)

February 29, 2024 | bizjournals.com

Amalgamated Bank of Chicago names Nick Weaver president, succeeding James Landenberger

February 28, 2024 | cnbc.com

CNBC Unveils Inaugural CNBC Changemakers List

See More Headlines

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Company Calendar

Last Earnings: 1/25/2024
Ex-Dividend for 2/23 Dividend: 2/05/2024
Dividend Payable: 2/23/2024
Today: 4/16/2024
Next Earnings (Confirmed): 4/25/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: State commercial banks
Sub-Industry: N/A
Current Symbol: NASDAQ:AMAL
CUSIP: N/A
CIK: 1823608
Web: www.amalgamatedbank.com
Phone: (212) 255-6200
Fax: N/A
Employees: 425
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $29.75
High Stock Price Target: $30.00
Low Stock Price Target: $29.50
Potential Upside/Downside: +36.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.86
Trailing P/E Ratio: 7.62
Forward P/E Ratio: 7.09
P/E Growth: N/A
Net Income: $87.98 million
Net Margins: 22.71%
Pretax Margin: 32.20%
Return on Equity: 16.60%
Return on Assets: 1.15%

Debt

Debt-to-Equity Ratio: 0.52
Current Ratio: 0.65
Quick Ratio: 0.65

Sales & Book Value

Annual Sales: $285.72 million
Price / Sales: 2.33
Cash Flow: $3.16 per share
Price / Cash Flow: 6.90
Book Value: $19.26 per share
Price / Book: 1.13

Miscellaneous

Outstanding Shares: 30,509,000
Free Float: 29,853,000
Market Cap: $664.49 million
Optionable: Optionable
Beta: 0.94

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Key Executives

Ms. Priscilla Sims Brown (Age 67)
President, CEO & Director
Comp: $1.93M
Mr. Jason Darby (Age 51)
CFO & Senior Executive VP
Comp: $725.61k
Mr. Sam D. Brown (Age 42)
Senior EVP & Chief Banking Officer
Comp: $838.83k
Mr. Sean Searby (Age 42)
Executive VP & COO
Ms. Leslie S. Veluswamy (Age 39)
Executive VP & Chief Accounting Officer
Adrian Glace
Senior VP & Chief Technology Officer
Mr. Edgar Romney Jr.
Senior VP & Chief Strategy and Administrative Officer
Ms. Mandy Tenner (Age 44)
Executive VP & General Counsel
Mr. Tye Graham
EVP & Chief Human Resources Officer
Mr. Kenneth A. Schmidt
Executive Vice President of Finance

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

AMAL Stock Analysis - Frequently Asked Questions

Should I buy or sell Amalgamated Financial stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Amalgamated Financial in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities 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 target for 2024?: 2 analysts have issued 1-year price targets for Amalgamated Financial's shares. Their AMAL share price targets range from $29.50 to $30.00. On average, they predict the company's stock price to reach $29.75 in the next twelve months. This suggests a possible upside of 36.6% 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 2024?: Amalgamated Financial's stock was trading at $26.94 at the start of the year. Since then, AMAL shares have decreased by 19.2% and is now trading at $21.78.
View the best growth stocks for 2024 here.
Are investors shorting Amalgamated Financial?: Amalgamated Financial saw a increase in short interest in March. As of March 31st, there was short interest totaling 881,100 shares, an increase of 5.3% from the March 15th total of 837,000 shares. Based on an average trading volume of 154,900 shares, the short-interest ratio is presently 5.7 days. Currently, 5.0% of the shares of the company are short sold.
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 25th 2024.
View our AMAL earnings forecast.
How can I listen to Amalgamated Financial's earnings call?: Amalgamated Financial will be holding an earnings conference call on Thursday, April 25th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671.
How were Amalgamated Financial's earnings last quarter?: Amalgamated Financial Corp. (NASDAQ:AMAL) announced its earnings results on Thursday, January, 25th. The company reported $0.72 earnings per share for the quarter, missing analysts' consensus estimates of $0.73 by $0.01. The firm had revenue of $105.39 million for the quarter, compared to analyst estimates of $71.59 million. Amalgamated Financial had a trailing twelve-month return on equity of 16.60% and a net margin of 22.71%. During the same quarter last year, the company earned $0.83 EPS.

How often does Amalgamated Financial pay dividends? What is the dividend yield for Amalgamated Financial?: Amalgamated Financial announced a quarterly dividend on Tuesday, January 23rd. Shareholders of record on Tuesday, February 6th will be given a dividend of $0.10 per share on Friday, February 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Monday, February 5th.
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 1.82%. The dividend payout ratio is 13.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMAL will have a dividend payout ratio of 12.27% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AMAL.
What ETF holds Amalgamated Financial's stock?: Hypatia Women CEO ETF holds 1,449 shares of AMAL stock, representing 1.14% of its portfolio.
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?: Amalgamated Financial (AMAL) raised $107 million in an initial public offering 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.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:AMAL) was last updated on 4/16/2024 by MarketBeat.com Staff

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Amalgamated Financial (AMAL) Stock Price, News & Analysis

Amalgamated Financial MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Amalgamated Financial Stock (NASDAQ:AMAL)

AMAL Stock Price History

AMAL Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

AMAL Stock Analysis - Frequently Asked Questions

Overall MarketRank^™