Analysts Offer Predictions for AMAL Q2 Earnings

Amalgamated Financial Corp. (NASDAQ:AMAL) – Stock analysts at Keefe, Bruyette & Woods issued their Q2 2026 earnings estimates for Amalgamated Financial in a research report issued on Wednesday, July 15th. Keefe, Bruyette & Woods analyst C. O’connell forecasts that the company will post earnings of $1.01 per share for the quarter. The consensus estimate for Amalgamated Financial’s current full-year earnings is $3.92 per share.

Amalgamated Financial (NASDAQ:AMAL) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.15). The company had revenue of $91.36 million for the quarter, compared to analyst estimates of $91.16 million. Amalgamated Financial had a return on equity of 13.89% and a net margin of 22.33%.

Other research analysts have also recently issued reports about the company. Zacks Research upgraded Amalgamated Financial from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. Weiss Ratings upgraded Amalgamated Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Finally, Piper Sandler raised their price objective on shares of Amalgamated Financial from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $48.00.

Amalgamated Financial Stock Up 2.9%

Shares of AMAL opened at $48.30 on Thursday. Amalgamated Financial has a 52 week low of $25.13 and a 52 week high of $48.59. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.09. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 14.04 and a beta of 0.79. The stock’s 50-day moving average price is $43.60 and its 200-day moving average price is $40.37.

Amalgamated Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Tuesday, May 5th were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, May 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.4%. Amalgamated Financial’s dividend payout ratio (DPR) is 19.77%.

Insider Activity at Amalgamated Financial

In related news, CAO Leslie Veluswamy sold 2,500 shares of Amalgamated Financial stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $43.51, for a total value of $108,775.00. Following the completion of the transaction, the chief accounting officer owned 14,215 shares in the company, valued at $618,494.65. The trade was a 14.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jason Darby sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $43.30, for a total value of $129,900.00. Following the completion of the sale, the chief financial officer directly owned 79,343 shares in the company, valued at approximately $3,435,551.90. The trade was a 3.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 7,589 shares of company stock worth $325,139 in the last 90 days. Corporate insiders own 1.63% of the company’s stock.

Institutional Investors Weigh In On Amalgamated Financial

A number of institutional investors have recently added to or reduced their stakes in AMAL. Bank of America Corp DE grew its stake in Amalgamated Financial by 9.7% in the 1st quarter. Bank of America Corp DE now owns 164,680 shares of the company’s stock valued at $6,401,000 after acquiring an additional 14,621 shares during the period. Royal Bank of Canada raised its position in Amalgamated Financial by 143.8% during the first quarter. Royal Bank of Canada now owns 1,485 shares of the company’s stock worth $57,000 after acquiring an additional 876 shares during the period. Empowered Funds LLC raised its position in Amalgamated Financial by 6.1% during the first quarter. Empowered Funds LLC now owns 134,342 shares of the company’s stock worth $5,222,000 after acquiring an additional 7,698 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Amalgamated Financial by 51.7% during the first quarter. The Manufacturers Life Insurance Company now owns 10,549 shares of the company’s stock valued at $410,000 after purchasing an additional 3,597 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new position in Amalgamated Financial during the first quarter valued at $380,000. Institutional investors and hedge funds own 75.93% of the company’s stock.

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.