Amalgamated Financial (NASDAQ:AMAL – Get Free Report) issued its earnings results on Thursday. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.10, FiscalAI reports. Amalgamated Financial had a return on equity of 14.49% and a net margin of 23.34%.The firm had revenue of $96.10 million for the quarter, compared to the consensus estimate of $92.09 million.
Here are the key takeaways from Amalgamated Financial’s conference call:
- Amalgamated reported record second-quarter results, including net income of $34.8 million, core net income of $33.1 million, return on average assets above 1.4%, and return on tangible common equity above 16%.
- Deposits and assets continued to grow strongly, with on-balance-sheet deposits up $280 million to a record $8.5 billion and total loans up $115 million, supported by growth in commercial lending and political deposits.
- The company raised full-year guidance, increasing net interest income outlook to $338 million-$340 million and core pre-tax, pre-provision earnings to $188 million-$190 million.
- Management said the balance-sheet remix is still creating earnings upside, but margin growth may moderate in the back half of the year, with possible fourth-quarter compression tied to deposit mix and political deposit outflows.
- Credit quality remained stable, with provision expense normalizing, criticized/classified balances down about $9 million, and pass-rated loans still around 97% of the portfolio.
Amalgamated Financial Stock Performance
AMAL opened at $49.44 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market cap of $1.48 billion, a PE ratio of 13.18 and a beta of 0.79. The stock has a 50-day moving average of $44.46 and a 200-day moving average of $40.97. Amalgamated Financial has a 52-week low of $25.13 and a 52-week high of $49.70.
Amalgamated Financial Dividend Announcement
Key Amalgamated Financial News
Here are the key news stories impacting Amalgamated Financial this week:
- Positive Sentiment: Amalgamated Financial reported record second-quarter 2026 results, with earnings of $1.10 per share topping estimates of $1.00 and revenue of $96.1 million beating expectations. The company also highlighted record profitability and raised guidance, which supports the stock’s upward momentum. Article Title
- Positive Sentiment: Keefe, Bruyette & Woods raised its price target on AMAL from $53 to $54 and reiterated an “outperform” rating, signaling continued confidence in the bank’s earnings outlook and valuation. Article Title
- Positive Sentiment: The stock reached a new 12-month high after the dividend announcement, which may be encouraging income-focused investors and reinforcing bullish sentiment around the shares. Article Title
- Neutral Sentiment: Reports noted short interest at 0 shares, which makes the short-interest data effectively non-informative for trading sentiment and is unlikely to materially affect the stock today.
Analysts Set New Price Targets
AMAL has been the subject of several research reports. Weiss Ratings lowered Amalgamated Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Zacks Research raised shares of Amalgamated Financial from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. Keefe, Bruyette & Woods lifted their target price on shares of Amalgamated Financial from $53.00 to $54.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Piper Sandler lifted their target price on shares of Amalgamated Financial from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, Amalgamated Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.00.
Read Our Latest Report on AMAL
Insider Activity at Amalgamated Financial
In other Amalgamated Financial news, CAO Leslie Veluswamy sold 2,500 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $43.51, for a total transaction of $108,775.00. Following the transaction, the chief accounting officer owned 14,215 shares in the company, valued at $618,494.65. This trade represents a 14.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Maryann Bruce sold 2,089 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $41.39, for a total value of $86,463.71. Following the transaction, the director owned 19,942 shares in the company, valued at approximately $825,399.38. This trade represents a 9.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 7,589 shares of company stock valued at $325,139. Corporate insiders own 1.63% of the company’s stock.
Institutional Trading of Amalgamated Financial
Large investors have recently modified their holdings of the company. Osaic Holdings Inc. raised its holdings in Amalgamated Financial by 56.7% in the 2nd quarter. Osaic Holdings Inc. now owns 1,080 shares of the company’s stock worth $34,000 after acquiring an additional 391 shares during the period. Arax Advisory Partners boosted its holdings in Amalgamated Financial by 187.1% during the fourth quarter. Arax Advisory Partners now owns 1,269 shares of the company’s stock valued at $41,000 after acquiring an additional 827 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Amalgamated Financial by 140.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,014 shares of the company’s stock valued at $63,000 after acquiring an additional 1,177 shares during the period. Quadrant Capital Group LLC acquired a new stake in shares of Amalgamated Financial in the third quarter valued at about $77,000. Finally, Parallel Advisors LLC grew its position in shares of Amalgamated Financial by 74.4% in the third quarter. Parallel Advisors LLC now owns 2,905 shares of the company’s stock valued at $79,000 after purchasing an additional 1,239 shares during the last quarter. 75.93% of the stock is owned by institutional investors.
About Amalgamated Financial
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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