Amalgamated Financial (AMAL) to Release Quarterly Earnings on Thursday

Amalgamated Financial (NASDAQ:AMAL - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.87 per share and revenue of $81,900.00 billion for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

Amalgamated Financial (NASDAQ:AMAL - Get Free Report) last issued its earnings results on Thursday, October 24th. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.08. Amalgamated Financial had a return on equity of 16.00% and a net margin of 24.19%. The business had revenue of $111.76 million during the quarter, compared to analysts' expectations of $79.50 million. During the same period in the prior year, the business earned $0.76 EPS. On average, analysts expect Amalgamated Financial to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Amalgamated Financial Stock Down 0.2 %

Shares of AMAL traded down $0.07 during midday trading on Thursday, reaching $35.30. 221,167 shares of the stock were exchanged, compared to its average volume of 147,377. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.10. The company's 50 day moving average is $34.87 and its two-hundred day moving average is $32.44. The company has a market capitalization of $1.08 billion, a P/E ratio of 10.38 and a beta of 0.93. Amalgamated Financial has a 52 week low of $21.33 and a 52 week high of $38.19.

Amalgamated Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 21st. Stockholders of record on Tuesday, November 5th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, November 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.36%. Amalgamated Financial's dividend payout ratio is presently 14.12%.

Analysts Set New Price Targets

AMAL has been the subject of several recent research reports. Piper Sandler boosted their price target on Amalgamated Financial from $39.00 to $42.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. Keefe, Bruyette & Woods increased their price target on shares of Amalgamated Financial from $41.00 to $45.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th.

Insider Activity

In other news, EVP Sean Searby sold 8,000 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $34.14, for a total value of $273,120.00. Following the transaction, the executive vice president now directly owns 15,802 shares of the company's stock, valued at approximately $539,480.28. This represents a 33.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Jason Darby sold 4,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $36.59, for a total transaction of $146,360.00. Following the completion of the transaction, the chief financial officer now owns 50,208 shares in the company, valued at approximately $1,837,110.72. This trade represents a 7.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 591,849 shares of company stock worth $21,099,252. Insiders own 0.90% of the company's stock.

Amalgamated Financial Company Profile

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.