Amalgamated FinancialAMAL
AMAL
About: Amalgamated Financial Corp is a bank holding company. It is a full-service commercial bank and a chartered trust company. It provides commercial banking and trust services nationally and offers a range of products and services to commercial and retail customers. It offers a complete suite of commercial and retail banking, investment management, and trust and custody services.
Employees: 425
0
Funds holding %
of 6,814 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
195% more call options, than puts
Call options by funds: $56K | Put options by funds: $19K
109% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 11
33% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 49
22% more capital invested
Capital invested by funds: $462M [Q2] → $565M (+$103M) [Q3]
7% more funds holding
Funds holding: 154 [Q2] → 165 (+11) [Q3]
3.44% more ownership
Funds ownership: 55.29% [Q2] → 58.73% (+3.44%) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$42
29%
upside
Avg. target
$44
34%
upside
High target
$45
39%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Keefe, Bruyette & Woods Christopher O'Connell 61% 1-year accuracy 14 / 23 met price target | 39%upside $45 | Outperform Maintained | 4 Dec 2024 |
Piper Sandler Mark Fitzgibbon 50% 1-year accuracy 8 / 16 met price target | 29%upside $42 | Overweight Maintained | 4 Dec 2024 |
Financial journalist opinion
Positive
Seeking Alpha
2 weeks ago
Amalgamated Financial: Still Bullish After Terrific Upside
Amalgamated Financial, focusing on mission-based customer segments, has seen significant growth in deposits, loans, and net interest income, making it a strong investment. Shares have risen 37.1% since May, outperforming the S&P 500, driven by improved margins, higher revenue, and strong asset quality. Despite shares not being as cheap as before, the bank's high-quality assets and attractive pricing relative to peers justify a 'soft buy' rating.
Positive
Zacks Investment Research
3 weeks ago
Is Amalgamated Financial (AMAL) Outperforming Other Finance Stocks This Year?
Here is how Amalgamated Financial (AMAL) and Capital One (COF) have performed compared to their sector so far this year.
Negative
Zacks Investment Research
1 month ago
Are Finance Stocks Lagging Amalgamated Financial (AMAL) This Year?
Here is how Amalgamated Financial (AMAL) and Janus Henderson Group plc (JHG) have performed compared to their sector so far this year.
Positive
Zacks Investment Research
1 month ago
Is Amalgamated Financial (AMAL) Stock Outpacing Its Finance Peers This Year?
Here is how Amalgamated Financial (AMAL) and Jackson Financial (JXN) have performed compared to their sector so far this year.
Positive
Zacks Investment Research
2 months ago
Here's Why Amalgamated Financial (AMAL) is a Great Momentum Stock to Buy
Does Amalgamated Financial (AMAL) have what it takes to be a top stock pick for momentum investors? Let's find out.
Positive
Zacks Investment Research
2 months ago
Can Amalgamated Financial (AMAL) Run Higher on Rising Earnings Estimates?
Amalgamated Financial (AMAL) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Neutral
Seeking Alpha
2 months ago
Amalgamated Financial Corp. (AMAL) Q3 2024 Earnings Call Transcript
Amalgamated Financial Corp. (NASDAQ:AMAL ) Q3 2024 Earnings Conference Call October 24, 2024 11:00 AM ET Company Participants Priscilla Sims Brown – President and Chief Executive Officer Jason Darby – Chief Financial Officer Sam Brown – Senior Executive Vice President, Chief Banking Officer Conference Call Participants Mark Fitzgibbon – Piper Sandler Chris O'Connell – KBW Operator Good morning, ladies and gentlemen, and welcome to the Amalgamated Financial Third Quarter 2024 Earnings Call. During today's presentation, all parties will be in a listen-only mode.
Positive
Zacks Investment Research
2 months ago
Amalgamated Financial (AMAL) Beats Q3 Earnings and Revenue Estimates
Amalgamated Financial (AMAL) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.76 per share a year ago.
Neutral
GlobeNewsWire
2 months ago
Amalgamated Financial Corp. Reports Record Third Quarter 2024 Financial Results; Margin Expands to 3.51%; Return on Average Assets of 1.32%
YoY Tangible Book Value per share Growth of 27.9% | Deposits Higher by $311 million YoY Tangible Book Value per share Growth of 27.9% | Deposits Higher by $311 million
Neutral
GlobeNewsWire
2 months ago
Amalgamated Financial Corp. Declares Regular Quarterly Dividend
NEW YORK, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its Board of Directors has declared a regular dividend to common stockholders of $0.12 per share, payable by the Company on November 21, 2024, to stockholders of record on November 5, 2024. The amount and timing of any future dividend payments to stockholders will be subject to the discretion of the Board of Directors.
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