Amalgamated Financial (NASDAQ:AMAL – Get Free Report) is projected to announce its earnings results before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.87 per share and revenue of $81,900.00 billion for the quarter.
Amalgamated Financial (NASDAQ:AMAL – Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.08. The business had revenue of $111.76 million during the quarter, compared to the consensus estimate of $79.50 million. Amalgamated Financial had a net margin of 24.19% and a return on equity of 16.00%. During the same period in the prior year, the firm posted $0.76 EPS. On average, analysts expect Amalgamated Financial to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Amalgamated Financial Stock Up 3.4 %
AMAL opened at $35.37 on Thursday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 10.40 and a beta of 0.93. Amalgamated Financial has a twelve month low of $21.33 and a twelve month high of $38.19. The company’s 50-day moving average price is $34.87 and its two-hundred day moving average price is $32.42.
Amalgamated Financial Announces Dividend
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on AMAL shares. Piper Sandler boosted their price objective on shares of Amalgamated Financial from $39.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Keefe, Bruyette & Woods boosted their price objective on shares of Amalgamated Financial from $41.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th.
Read Our Latest Research Report on Amalgamated Financial
Insider Buying and Selling at Amalgamated Financial
In other Amalgamated Financial news, major shareholder States Regional Joint Western sold 175,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $37.24, for a total transaction of $6,517,000.00. Following the completion of the transaction, the insider now owns 7,558,575 shares in the company, valued at $281,481,333. This trade represents a 2.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Sean Searby sold 8,000 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $34.14, for a total transaction of $273,120.00. Following the completion of the sale, the executive vice president now directly owns 15,802 shares in the company, valued at approximately $539,480.28. This represents a 33.61 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 591,849 shares of company stock valued at $21,099,252. Insiders own 0.90% of the company’s stock.
About Amalgamated Financial
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.
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