Amalgamated Financial (NASDAQ:AMAL) Price Target Raised to $54.00 at Keefe, Bruyette & Woods

Amalgamated Financial (NASDAQ:AMAL) had its price objective increased by Keefe, Bruyette & Woods from $53.00 to $54.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other research firms have also recently commented on AMAL. Weiss Ratings cut shares of Amalgamated Financial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Piper Sandler increased their price target on Amalgamated Financial from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. Finally, Zacks Research raised Amalgamated Financial from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $51.00.

Amalgamated Financial Stock Up 1.6%

AMAL stock opened at $49.44 on Friday. The stock’s 50 day simple moving average is $44.46 and its 200 day simple moving average is $40.97. The company has a market cap of $1.48 billion, a P/E ratio of 13.18 and a beta of 0.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.64 and a current ratio of 0.64. Amalgamated Financial has a fifty-two week low of $25.13 and a fifty-two week high of $49.70.

Amalgamated Financial (NASDAQ:AMAL) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.10. Amalgamated Financial had a net margin of 23.34% and a return on equity of 14.49%. The business had revenue of $96.10 million during the quarter, compared to analyst estimates of $92.09 million. On average, research analysts expect that Amalgamated Financial will post 3.92 earnings per share for the current fiscal year.

Amalgamated Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Tuesday, August 4th will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, August 4th. This represents a $0.68 annualized dividend and a dividend yield of 1.4%. Amalgamated Financial’s payout ratio is currently 18.13%.

Insiders Place Their Bets

In other Amalgamated Financial news, CAO Leslie Veluswamy sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $43.51, for a total transaction of $108,775.00. Following the completion of the transaction, the chief accounting officer owned 14,215 shares of the company’s stock, valued at approximately $618,494.65. This trade represents a 14.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Maryann Bruce sold 2,089 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $41.39, for a total transaction of $86,463.71. Following the sale, the director directly owned 19,942 shares in the company, valued at $825,399.38. This trade represents a 9.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 7,589 shares of company stock worth $325,139. 1.63% of the stock is owned by corporate insiders.

Institutional Trading of Amalgamated Financial

Several institutional investors have recently added to or reduced their stakes in AMAL. Osaic Holdings Inc. boosted its holdings in shares of Amalgamated Financial by 56.7% during the 2nd quarter. Osaic Holdings Inc. now owns 1,080 shares of the company’s stock valued at $34,000 after purchasing an additional 391 shares during the last quarter. Arax Advisory Partners lifted its position in shares of Amalgamated Financial by 187.1% in the fourth quarter. Arax Advisory Partners now owns 1,269 shares of the company’s stock worth $41,000 after buying an additional 827 shares in the last quarter. Royal Bank of Canada grew its holdings in Amalgamated Financial by 143.8% during the 1st quarter. Royal Bank of Canada now owns 1,485 shares of the company’s stock valued at $57,000 after buying an additional 876 shares in the last quarter. CWM LLC increased 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 acquiring an additional 549 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Amalgamated Financial by 140.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,014 shares of the company’s stock worth $63,000 after acquiring an additional 1,177 shares in the last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Amalgamated Financial

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

• Positive Sentiment: Amalgamated Financial reported record second-quarter 2026 results, with earnings of $1.10 per share topping estimates of $1.00 and revenue of $96.1 million beating expectations. The company also highlighted record profitability and raised guidance, which supports the stock’s upward momentum. Article Title
• Positive Sentiment: Keefe, Bruyette & Woods raised its price target on AMAL from $53 to $54 and reiterated an “outperform” rating, signaling continued confidence in the bank’s earnings outlook and valuation. Article Title
• Positive Sentiment: The stock reached a new 12-month high after the dividend announcement, which may be encouraging income-focused investors and reinforcing bullish sentiment around the shares. Article Title
• Neutral Sentiment: Reports noted short interest at 0 shares, which makes the short-interest data effectively non-informative for trading sentiment and is unlikely to materially affect the stock today.

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.