Amalgamated Financial (NASDAQ:AMAL) Hits New 52-Week High on Better-Than-Expected Earnings

Amalgamated Financial Corp. (NASDAQ:AMAL) shares hit a new 52-week high on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $37.68 and last traded at $36.8450, with a volume of 21894 shares traded. The stock had previously closed at $36.03.

The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.91 by $0.08. The company had revenue of $87.91 million during the quarter, compared to analyst estimates of $85.37 million. Amalgamated Financial had a return on equity of 14.75% and a net margin of 22.97%.

Amalgamated Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Stockholders of record on Tuesday, February 3rd will be paid a $0.17 dividend. This is a boost from Amalgamated Financial’s previous quarterly dividend of $0.14. The ex-dividend date is Tuesday, February 3rd. This represents a $0.68 annualized dividend and a dividend yield of 1.8%. Amalgamated Financial’s dividend payout ratio (DPR) is currently 16.87%.

Amalgamated Financial News Roundup

Here are the key news stories impacting Amalgamated Financial this week:

• Positive Sentiment: Q4 adjusted/core EPS beat consensus — Core EPS (reported as “core net income”) was $0.99 per diluted share vs. the Zacks consensus $0.91, and MarketBeat/press summaries highlight EPS outperformance. This helped reassure investors on profitability per share. AMAL Tops Q4 Earnings Estimates
• Positive Sentiment: Record quarterly deposit growth — The company reported nearly $1.0 billion of linked-quarter deposit growth in Q4, strengthening liquidity and funding stability for the bank. Press Release: Q4 Results & Deposit Growth
• Positive Sentiment: Dividend hike — Management raised the quarterly dividend ~21% to $0.17 (annualized yield ~1.9%), signaling confidence in capital and cash flow and appealing to income-oriented investors. MarketWatch: Dividend Boost
• Neutral Sentiment: Revenue / consensus variance — Reported Q4 revenue was ~$87.9M; several outlets note this modestly exceeded some estimates but at least one report flagged it as a miss versus a different consensus. Analysts and media are reconciling differing estimates. Yahoo: Revenue Coverage
• Neutral Sentiment: Investor materials and call available — The company posted a slide deck and held an earnings call; these contain detail on core vs. GAAP adjustments, reserve activity and capital that will drive near-term analyst reaction. Q4 Slide Deck
• Negative Sentiment: GAAP net income essentially flat — Reported net income was $26.6M vs. $26.8M year-ago; investors may scrutinize the difference between GAAP and “core” results and any one-time items or reserve builds. That could limit re-rating until trends are clearer. Seeking Alpha: Q4 Presentation

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AMAL shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Amalgamated Financial in a research report on Monday, December 29th. Piper Sandler upgraded Amalgamated Financial from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $27.00 to $28.00 in a research note on Wednesday, November 19th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $33.50.

Insider Activity

In other Amalgamated Financial news, Director Lynne P. Fox sold 8,949 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $27.34, for a total value of $244,665.66. Following the completion of the sale, the director owned 22,276 shares in the company, valued at approximately $609,025.84. This represents a 28.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Julie Kelly sold 6,697 shares of the firm’s stock in a transaction dated Friday, October 31st. The shares were sold at an average price of $27.34, for a total value of $183,095.98. Following the sale, the director directly owned 16,763 shares in the company, valued at approximately $458,300.42. This represents a 28.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 27,494 shares of company stock valued at $793,718. 1.29% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amalgamated Financial

A number of hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Amalgamated Financial by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,654 shares of the company’s stock valued at $306,000 after purchasing an additional 468 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Amalgamated Financial by 17.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 65,110 shares of the company’s stock valued at $1,872,000 after buying an additional 9,500 shares in the last quarter. Jane Street Group LLC raised its position in shares of Amalgamated Financial by 373.1% during the first quarter. Jane Street Group LLC now owns 44,284 shares of the company’s stock valued at $1,273,000 after buying an additional 34,923 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Amalgamated Financial during the second quarter valued at approximately $1,152,000. Finally, Ballentine Partners LLC lifted its holdings in shares of Amalgamated Financial by 54.6% in the second quarter. Ballentine Partners LLC now owns 21,235 shares of the company’s stock worth $663,000 after buying an additional 7,502 shares in the last quarter. Institutional investors own 75.93% of the company’s stock.

Amalgamated Financial Trading Up 6.7%

The stock has a market cap of $1.15 billion, a P/E ratio of 11.58 and a beta of 0.82. The stock’s 50-day moving average is $31.93 and its two-hundred day moving average is $29.88. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.64 and a quick ratio of 0.64.

Amalgamated Financial Company Profile

Amalgamated Financial Corp. (NASDAQ: AMAL) is the bank holding company for Amalgamated Bank, a fully insured commercial bank with a historic mission of serving labor unions, progressive non-profits and mission-driven organizations. Founded in 1923 by the Amalgamated Clothing Workers of America, Amalgamated Bank has grown into a national institution offering a broad suite of banking services, including deposit accounts, commercial and consumer lending, cash management, and treasury solutions tailored to organizations with social responsibility or union affiliations.

In addition to core banking, Amalgamated Financial provides wealth management and trust services, retirement plan consulting and impact investing strategies.