Amalgamated Financial Corp. (AMAL)

NASDAQ: AMAL · IEX Real-Time Price · USD
25.30
+0.22 (0.88%)
At close: May 24, 2024, 4:00 PM
25.35
+0.05 (0.20%)
After-hours: May 24, 2024, 6:30 PM EDT
0.88%
Market Cap 772.26M
Revenue (ttm) 285.13M
Net Income (ttm) 93.89M
Shares Out 30.52M
EPS (ttm) 3.06
PE Ratio 8.27
Forward PE 8.15
Dividend $0.48 (1.90%)
Ex-Dividend Date May 7, 2024
Volume 87,499
Open 25.22
Previous Close 25.08
Day's Range 25.30 - 25.30
52-Week Range 14.06 - 27.77
Beta 0.91
Analysts Buy
Price Target 29.50 (+16.6%)
Earnings Date Apr 25, 2024

About AMAL

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, ... [Read more]

Sector Financials
IPO Date Aug 9, 2018
Employees 425
Stock Exchange NASDAQ
Ticker Symbol AMAL
Full Company Profile

Financial Performance

In 2023, AMAL's revenue was $275.98 million, an increase of 10.95% compared to the previous year's $248.74 million. Earnings were $87.98 million, an increase of 7.98%.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for AMAL stock is "Buy." The 12-month stock price forecast is $29.5, which is an increase of 16.60% from the latest price.

Price Target
$29.5
(16.60% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Amalgamated Financial Corp. Commits Additional $85 Million to Finance R-PACE Assessments

NEW YORK, May 15, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) announced that the Company has extended its commitment to invest in Residential P...

12 days ago - GlobeNewsWire

Amalgamated Financial Corp. Announces Completion of Three Oregon Community Solar Program Projects

Three Additional Developments Expected to Reach Mechanical Completion by the end of Third Quarter 2024 Three Additional Developments Expected to Reach Mechanical Completion by the end of Third Quarter...

4 weeks ago - GlobeNewsWire

Amalgamated Financial Corp. Reports First Quarter 2024 Financial Results; Stellar Deposit Growth; Net Interest Margin Rises to 3.49%

Common Equity Tier 1 Capital Ratio of 13.68% | Return on Average Assets of 1.36% Common Equity Tier 1 Capital Ratio of 13.68% | Return on Average Assets of 1.36%

4 weeks ago - GlobeNewsWire

CORRECTION: Amalgamated Financial Corp. Announces a 20% Quarterly Dividend Increase

NEW YORK, April 23, 2024 (GLOBE NEWSWIRE) -- In a release issued today by Amalgamated Financial Corp., (Nasdaq: AMAL), please note that the percentage increase of the dividend has been updated to 20%,...

4 weeks ago - GlobeNewsWire

Amalgamated Financial Corp. Announces a 50% Quarterly Dividend Increase

NEW YORK, April 23, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its Board of Directors has authorized a 50% increase in th...

4 weeks ago - GlobeNewsWire

Banks are well-positioned in this environment, says Amalgamated Bank CEO

Priscilla Sims Brown, Amalgamated Bank CEO, joins ‘The Exchange' to discuss how banks are positioned in the current environment, how unique her banks' business model is, and more.

5 weeks ago - CNBC Television

Watch CNBC's full interview with Amalgamated Bank CEO Priscilla Sims Brown

Priscilla Sims Brown, Amalgamated Bank CEO, joins ‘The Exchange' to discuss how banks are positioned in the current environment, how unique her banks' business model is, and more.

5 weeks ago - CNBC Television

Amalgamated Financial Corp. Announces First Quarter 2024 Earnings Conference Call

NEW YORK, April 11, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its first quarter 2024 financial results will be released ...

6 weeks ago - GlobeNewsWire

Amalgamated Financial Corp. Reports Fourth Quarter 2023 Financial Results: $170.8 Million Deposit Growth Excluding Brokered CDs; Net Interest Margin Rises to 3.44%

Common Equity Tier 1 Capital Ratio of 12.98% | Return on Average Assets of 1.13% Common Equity Tier 1 Capital Ratio of 12.98% | Return on Average Assets of 1.13%

4 months ago - GlobeNewsWire

Amalgamated Financial Corp. Declares Regular Quarterly Dividend

NEW YORK, Jan. 23, 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 c...

4 months ago - GlobeNewsWire

Amalgamated Financial Corp. Announces Fourth Quarter and Full Year 2023 Earnings Conference Call

NEW YORK, Jan. 11, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its fourth quarter and full year 2023 financial results wil...

4 months ago - GlobeNewsWire

Amalgamated Financial Corp. Appoints Julieta Ross and Scott Stoll to its Board of Directors

NEW YORK, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced it has appointed Julieta Ross and Scott Stoll as its newest memb...

6 months ago - GlobeNewsWire

Amalgamated Financial Corp. Reports Third Quarter 2023 Financial Results; Stable Net Interest Margin at 3.29%, Deposit growth excluding Brokered CDs of $172.8 million

Common Equity Tier 1 Capital Ratio of 12.63% | Return on Average Assets of 1.12% Common Equity Tier 1 Capital Ratio of 12.63% | Return on Average Assets of 1.12%

7 months ago - GlobeNewsWire

Amalgamated Financial Corp. Announces Third Quarter 2023 Earnings Conference Call

NEW YORK, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its third quarter 2023 financial results will be released b...

8 months ago - GlobeNewsWire

Amalgamated Bank Selects Baker Hill

New York-based bank selects Baker Hill NextGen® Statement Spreading to optimize financial analysis for commercial loans CARMEL, Ind. , Oct. 3, 2023 /PRNewswire/ -- Baker Hill, the leading financial te...

8 months ago - PRNewsWire

Amalgamated Financial Corp. Reports Second Quarter 2023 Financial Results; Immediate Liquidity Coverage at 183% of Uninsured Non Super-Core Deposits

NEW YORK, July 27, 2023 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (the “Company” or “Amalgamated”) (Nasdaq: AMAL), the holding company for Amalgamated Bank (the “Bank”), today announced its comp...

10 months ago - GlobeNewsWire

Amalgamated Financial Corp. Reports Preliminary Results for the Second Quarter 2023 and Announces Second Quarter 2023 Earnings Conference Call

Immediate Liquidity Coverage at 183% of Uninsured Deposits Excluding Super-Core

11 months ago - GlobeNewsWire

Amalgamated Financial Corp. Reports First Quarter 2023 Financial Results; Exhibiting Deposit Stability and Solid Liquidity

NEW YORK, April 27, 2023 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (the “Company” or “Amalgamated”) (Nasdaq: AMAL), the holding company for Amalgamated Bank (the “Bank”), today announced financi...

1 year ago - GlobeNewsWire

Amalgamated Financial Corp. Announces First Quarter 2023 Earnings Conference Call

NEW YORK, April 13, 2023 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its first quarter 2023 financial results will be released ...

1 year ago - GlobeNewsWire

Amalgamated Financial Corp. Reports Record Fourth Quarter 2022 Financial Results

NEW YORK, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (the “Company” or “Amalgamated”) (Nasdaq: AMAL), the holding company for Amalgamated Bank (the “Bank”), today announced financia...

1 year ago - GlobeNewsWire

Amalgamated Financial Corp. Announces Fourth Quarter and Full Year 2022 Earnings Conference Call

NEW YORK, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its fourth quarter and full year 2022 financial results wil...

1 year ago - GlobeNewsWire

Amalgamated Financial Corp. Reports Record Third Quarter 2022 Financial Results

NEW YORK, Oct. 27, 2022 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (the “Company” or “Amalgamated”) (Nasdaq: AMAL), the holding company for Amalgamated Bank (the “Bank”), today announced record f...

1 year ago - GlobeNewsWire

Amalgamated Financial Corp. Announces Third Quarter 2022 Earnings Conference Call

NEW YORK, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its third quarter 2022 financial results will be released b...

1 year ago - GlobeNewsWire

New gun store merchant code could save lives, says Amalgamated Bank CEO

Amalgamated Bank CEO Priscilla Sims Brown joins CNBC's 'Squawk Box' to discuss a new merchant code for gun stores to prevent mass shootings in the U.S.

1 year ago - CNBC Television

Amalgamated Bank Announces $15 million Loan for Decarbonization and Climate Resilience Initiatives

NEW YORK, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (NASDAQ: AMAL) and a mission-driven, full-service commercial bank that empowers organizations ...

1 year ago - GlobeNewsWire