Amalgamated Financial (NASDAQ:AMAL) Shares Gap Down Following Weak Earnings

Shares of Amalgamated Financial Corp. (NASDAQ:AMAL) gapped down prior to trading on Thursday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $42.31, but opened at $38.25. Amalgamated Financial shares last traded at $39.7920, with a volume of 27,152 shares.

The company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.18). Amalgamated Financial had a net margin of 23.05% and a return on equity of 14.60%. The firm had revenue of $91.36 million during the quarter, compared to analysts’ expectations of $91.16 million.

Amalgamated Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 21st. Investors of record on Tuesday, May 5th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, May 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.7%. Amalgamated Financial’s dividend payout ratio (DPR) is presently 19.94%.

Amalgamated Financial News Summary

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

• Positive Sentiment: Management raised its 2026 net interest income target and updated growth assumptions (shifting to ~8% balance-sheet growth), which signals better-than-expected interest income potential for the year and a clearer strategy for asset growth. Amalgamated raises 2026 net interest income target
• Positive Sentiment: Company reported revenue growth and margin expansion (Business Wire: net revenue up, margin rose to ~3.75% and guidance was raised), supporting the bank’s underlying operating performance despite the EPS miss. Amalgamated Financial Corp. Reports First Quarter 2026 Financial Results
• Positive Sentiment: Board declared a quarterly dividend ($0.17 per share; record date May 5), which supports income-focused holders and signals confidence in capital and payout capacity. (Company announcement)
• Neutral Sentiment: Top-line was essentially in line with estimates (reported revenue ~$91.36M vs. consensus ~$91.16M / outlets describe sales as better-than-expected or in-line), so the business is growing but not materially surprising the street on revenue. AMAL Posts Better-Than-Expected Sales In Q1 CY2026
• Neutral Sentiment: Full earnings call transcript and slide deck are available for deeper color on credit, margins and guidance — useful for investors who want management’s commentary on the EPS miss and strategy. Q1 2026 Earnings Call Transcript
• Negative Sentiment: EPS missed consensus materially (reported $0.80 vs. consensus ~$0.95–$0.98), which is the primary driver of the stock weakness — earnings disappointed despite revenue being roughly in line. AMAL Q1 Earnings Lag Estimates
• Negative Sentiment: Some coverage flags a “credit issue” point mentioned in company commentary/announcements, which may worry investors about asset quality or reserves; any credit-related headlines can amplify selling pressure until clarified. Amalgamated Bank Reports Q1 2026 Results Amid Credit Issue
• Negative Sentiment: Market reaction and commentary (news pieces noting shares are sliding) plus higher intraday volume suggest the EPS miss and any credit concerns are prompting active selling. Why AMAL shares are sliding today

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Weiss Ratings raised Amalgamated Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 26th. Piper Sandler assumed coverage on Amalgamated Financial in a research note on Monday, March 16th. They set a “neutral” rating and a $41.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Insiders Place Their Bets

In related news, EVP Tyrone Graham sold 2,285 shares of the stock in a transaction on Friday, February 20th. The stock was sold at an average price of $39.91, for a total transaction of $91,194.35. Following the sale, the executive vice president owned 13,443 shares of the company’s stock, valued at $536,510.13. This trade represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sean Searby sold 748 shares of the stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $40.02, for a total value of $29,934.96. Following the sale, the executive vice president directly owned 22,307 shares in the company, valued at approximately $892,726.14. The trade was a 3.24% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 8,482 shares of company stock worth $335,658. Corporate insiders own 1.63% of the company’s stock.

Institutional Trading of Amalgamated Financial

A number of hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC boosted its stake in Amalgamated Financial by 11.0% in the 4th quarter. Quadrant Capital Group LLC now owns 3,136 shares of the company’s stock worth $100,000 after buying an additional 312 shares during the last quarter. Intech Investment Management LLC boosted its stake in Amalgamated Financial by 3.4% in the 3rd quarter. Intech Investment Management LLC now owns 11,628 shares of the company’s stock worth $316,000 after buying an additional 383 shares during the last quarter. Osaic Holdings Inc. boosted its stake in Amalgamated Financial by 56.7% in the 2nd quarter. Osaic Holdings Inc. now owns 1,080 shares of the company’s stock worth $34,000 after buying an additional 391 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Amalgamated Financial by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,654 shares of the company’s stock worth $306,000 after buying an additional 468 shares during the last quarter. Finally, CWM LLC boosted its stake in Amalgamated Financial by 41.2% in the 4th quarter. CWM LLC now owns 1,880 shares of the company’s stock worth $60,000 after buying an additional 549 shares during the last quarter. 75.93% of the stock is owned by institutional investors and hedge funds.

Amalgamated Financial Trading Down 4.6%

The business has a 50 day simple moving average of $39.68 and a 200-day simple moving average of $34.51. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 11.84 and a beta of 0.82.

About Amalgamated Financial

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.