Amalgamated Financial Corp. (NASDAQ:AMAL – Free Report) – Investment analysts at Keefe, Bruyette & Woods issued their Q2 2026 earnings estimates for shares of Amalgamated Financial in a research report issued to clients and investors on Wednesday, July 15th. Keefe, Bruyette & Woods analyst C. O’connell forecasts that the company will post earnings of $1.01 per share for the quarter. The consensus estimate for Amalgamated Financial’s current full-year earnings is $3.92 per share.
A number of other equities research analysts also recently weighed in on the company. Zacks Research raised Amalgamated Financial from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. Weiss Ratings raised Amalgamated Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, May 11th. Finally, Piper Sandler raised their target price on Amalgamated Financial from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $48.00.
Amalgamated Financial Stock Performance
NASDAQ AMAL opened at $46.92 on Thursday. Amalgamated Financial has a twelve month low of $25.13 and a twelve month high of $47.89. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.40 billion, a P/E ratio of 13.64 and a beta of 0.79. The company’s 50-day simple moving average is $43.47 and its 200 day simple moving average is $40.26.
Amalgamated Financial (NASDAQ:AMAL – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.15). Amalgamated Financial had a return on equity of 13.89% and a net margin of 22.33%.The business had revenue of $91.36 million for the quarter, compared to the consensus estimate of $91.16 million.
Institutional Trading of Amalgamated Financial
Several hedge funds have recently modified their holdings of the stock. Bank of America Corp DE increased its holdings in shares of Amalgamated Financial by 9.7% in the first quarter. Bank of America Corp DE now owns 164,680 shares of the company’s stock valued at $6,401,000 after purchasing an additional 14,621 shares in the last quarter. Royal Bank of Canada lifted its holdings in Amalgamated Financial by 143.8% during the 1st quarter. Royal Bank of Canada now owns 1,485 shares of the company’s stock worth $57,000 after buying an additional 876 shares in the last quarter. Empowered Funds LLC lifted its holdings in Amalgamated Financial by 6.1% during the 1st quarter. Empowered Funds LLC now owns 134,342 shares of the company’s stock worth $5,222,000 after buying an additional 7,698 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Amalgamated Financial by 51.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 10,549 shares of the company’s stock valued at $410,000 after buying an additional 3,597 shares during the last quarter. Finally, Quantinno Capital Management LP acquired a new stake in shares of Amalgamated Financial in the 1st quarter valued at $380,000. 75.93% of the stock is owned by institutional investors.
Insider Transactions at Amalgamated Financial
In related news, Director Maryann Bruce sold 2,089 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $41.39, for a total transaction of $86,463.71. Following the transaction, the director owned 19,942 shares in the company, valued at $825,399.38. This represents a 9.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Leslie Veluswamy sold 2,500 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $43.51, for a total transaction of $108,775.00. Following the sale, the chief accounting officer directly owned 14,215 shares in the company, valued at approximately $618,494.65. This represents a 14.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 7,589 shares of company stock worth $325,139. Insiders own 1.63% of the company’s stock.
Amalgamated Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Tuesday, May 5th were paid a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $0.68 dividend on an annualized basis and a yield of 1.4%. Amalgamated Financial’s payout ratio is currently 19.77%.
Amalgamated Financial Company Profile
Amalgamated Financial Corp. (NASDAQ: AMAL) is the bank holding company for Amalgamated Bank, a fully insured commercial bank with a historic mission of serving labor unions, progressive non-profits and mission-driven organizations. Founded in 1923 by the Amalgamated Clothing Workers of America, Amalgamated Bank has grown into a national institution offering a broad suite of banking services, including deposit accounts, commercial and consumer lending, cash management, and treasury solutions tailored to organizations with social responsibility or union affiliations.
In addition to core banking, Amalgamated Financial provides wealth management and trust services, retirement plan consulting and impact investing strategies.
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