Amalgamated Financial (AMAL) to Release Quarterly Earnings on Thursday

Amalgamated Financial (NASDAQ:AMAL - Get Free Report) will likely be posting its Q1 2025 quarterly earnings results before the market opens on Thursday, April 24th. Analysts expect Amalgamated Financial to post earnings of $0.88 per share and revenue of $74.78 million for the quarter.

Amalgamated Financial (NASDAQ:AMAL - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The company reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.87 by $0.03. Amalgamated Financial had a net margin of 24.50% and a return on equity of 16.49%. On average, analysts expect Amalgamated Financial to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Amalgamated Financial Trading Up 4.4 %

Shares of Amalgamated Financial stock traded up $1.17 during trading hours on Tuesday, hitting $27.49. The company's stock had a trading volume of 241,839 shares, compared to its average volume of 185,005. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $843.59 million, a PE ratio of 7.97 and a beta of 0.75. The business has a fifty day moving average of $29.51 and a 200 day moving average of $32.86. Amalgamated Financial has a 1-year low of $22.47 and a 1-year high of $38.19.

Amalgamated Financial declared that its Board of Directors has approved a share buyback program on Monday, March 10th that authorizes the company to buyback $40.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 4.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

Amalgamated Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Tuesday, May 6th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.04%. Amalgamated Financial's dividend payout ratio is currently 16.23%.

Insider Activity

In other Amalgamated Financial news, EVP Tyrone Graham sold 869 shares of the business's stock in a transaction on Friday, March 7th. The shares were sold at an average price of $29.73, for a total value of $25,835.37. Following the transaction, the executive vice president now owns 10,580 shares in the company, valued at $314,543.40. The trade was a 7.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder States Regional Joint Western sold 1,327 shares of the firm's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $34.29, for a total value of $45,502.83. Following the sale, the insider now owns 7,121,506 shares of the company's stock, valued at $244,196,440.74. This represents a 0.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 31,656 shares of company stock worth $1,054,122. 0.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Piper Sandler lowered Amalgamated Financial from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $42.00 to $38.00 in a research note on Friday, February 21st.

About Amalgamated Financial

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.