Free Trial
NASDAQ:AMAL

Amalgamated Financial (AMAL) Stock Price, News & Analysis

Amalgamated Financial logo
$35.97 +0.42 (+1.18%)
(As of 09:45 AM ET)

About Amalgamated Financial Stock (NASDAQ:AMAL)

Key Stats

Today's Range
$35.88
$36.14
50-Day Range
$29.82
$38.13
52-Week Range
$20.39
$38.19
Volume
10,494 shs
Average Volume
151,865 shs
Market Capitalization
$1.10 billion
P/E Ratio
10.58
Dividend Yield
1.33%
Price Target
$32.17
Consensus Rating
Buy

Company Overview

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. It also provides various commercial loans comprising commercial and industrial, multifamily mortgage, and commercial real estate loans; residential mortgage loans; and retail loans, such as residential real estate, consumer solar, and consumer and other loans. In addition, the company offers online banking, bill payment, online cash management, and safe deposit box rental services; debit and ATM cards; and trust, custody, and investment management services comprising asset safekeeping, corporate actions, income collections, proxy, account transition, asset transfers, and conversion management services. Further, it provides investment products, such as funds spanning equity, fixed-income, real estate, and alternative investment products; and brokerage, asset management, and insurance products. Amalgamated Financial Corp. was founded in 1923 and is headquartered in New York, New York.

Amalgamated Financial Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
55th Percentile Overall Score

AMAL MarketRank™: 

Amalgamated Financial scored higher than 55% of companies evaluated by MarketBeat, and ranked 574th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Amalgamated Financial has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Amalgamated Financial has received no research coverage in the past 90 days.

  • Read more about Amalgamated Financial's stock forecast and price target.
  • Earnings Growth

    Earnings for Amalgamated Financial are expected to grow by 0.58% in the coming year, from $3.46 to $3.48 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Amalgamated Financial is 10.46, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.44.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Amalgamated Financial is 10.46, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 45.55.

  • Price to Book Value per Share Ratio

    Amalgamated Financial has a P/B Ratio of 1.56. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Amalgamated Financial's valuation and earnings.
  • Percentage of Shares Shorted

    4.00% of the float of Amalgamated Financial has been sold short.
  • Short Interest Ratio / Days to Cover

    Amalgamated Financial has a short interest ratio ("days to cover") of 4.6.
  • Change versus previous month

    Short interest in Amalgamated Financial has recently decreased by 21.05%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Amalgamated Financial pays a meaningful dividend of 1.37%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Amalgamated Financial does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Amalgamated Financial is 14.12%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Amalgamated Financial will have a dividend payout ratio of 13.79% next year. This indicates that Amalgamated Financial will be able to sustain or increase its dividend.

  • Read more about Amalgamated Financial's dividend.
  • Percentage of Shares Shorted

    4.00% of the float of Amalgamated Financial has been sold short.
  • Short Interest Ratio / Days to Cover

    Amalgamated Financial has a short interest ratio ("days to cover") of 4.6.
  • Change versus previous month

    Short interest in Amalgamated Financial has recently decreased by 21.05%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Amalgamated Financial has a news sentiment score of -0.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.76 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 7 news articles for Amalgamated Financial this week, compared to 4 articles on an average week.
  • Search Interest

    2 people have searched for AMAL on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Amalgamated Financial insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $24,643,631.00 in company stock.

  • Percentage Held by Insiders

    Only 0.90% of the stock of Amalgamated Financial is held by insiders.

  • Percentage Held by Institutions

    75.93% of the stock of Amalgamated Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Amalgamated Financial's insider trading history.
Receive AMAL Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Amalgamated Financial and its competitors with MarketBeat's FREE daily newsletter.

AMAL Stock News Headlines

JD Vance Predicts: Wall Street vs. Trump & Your Money
Trump's back in the White House, but Wall Street is pissed. Here's the deal: Wall Street's about to purposely crash the bond market to sabotage Trump's comeback.
See More Headlines

AMAL Stock Analysis - Frequently Asked Questions

Amalgamated Financial's stock was trading at $26.94 at the beginning of 2024. Since then, AMAL stock has increased by 32.0% and is now trading at $35.55.
View the best growth stocks for 2024 here
.

Amalgamated Financial Corp. (NASDAQ:AMAL) issued its quarterly earnings results on Thursday, October, 24th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.08. The firm earned $111.76 million during the quarter, compared to analysts' expectations of $79.50 million. Amalgamated Financial had a trailing twelve-month return on equity of 16.00% and a net margin of 24.19%.

Amalgamated Financial (AMAL) raised $107 million in an initial public offering (IPO) on Thursday, August 9th 2018. The company issued 6,700,000 shares at a price of $15.00-$17.00 per share. Barclays, J.P.Morgan and Keefe, Bruyette & Woods (A Stifel Company) acted as the underwriters for the IPO.

Top institutional shareholders of Amalgamated Financial include State Street Corp (2.30%), Geode Capital Management LLC (1.56%), Arjuna Capital (0.55%) and Charles Schwab Investment Management Inc. (0.53%). Insiders that own company stock include Financial Corp Amalgamated, United Workers, States Regional Joint Western, United Canada Council Workers, Regional Joint Board Rochester, Jason Darby, Sam D Brown, Finser Mark, Maryann Bruce, Sean Searby, Edgar Romney Jr, Mandy Tenner and Tyrone Graham.
View institutional ownership trends
.

Shares of AMAL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Amalgamated Financial investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

Ex-Dividend for 8/22 Dividend
8/06/2024
Dividend Payable
8/22/2024
Last Earnings
10/24/2024
Ex-Dividend for 11/21 Dividend
11/05/2024
Today
11/20/2024
Dividend Payable
11/21/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
1/23/2025

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
Banking
Current Symbol
NASDAQ:AMAL
Fax
N/A
Employees
380
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$32.17
High Stock Price Target
$35.00
Low Stock Price Target
$29.00
Potential Upside/Downside
-9.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$87.98 million
Pretax Margin
34.16%

Debt

Sales & Book Value

Annual Sales
$387.41 million
Cash Flow
$3.19 per share
Book Value
$19.26 per share

Miscellaneous

Free Float
30,393,000
Market Cap
$1.09 billion
Optionable
Optionable
Beta
0.91
The Best High-Yield Dividend Stocks for 2024 Cover

Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.

Get This Free Report

This page (NASDAQ:AMAL) was last updated on 11/21/2024 by MarketBeat.com Staff
From Our Partners