Analysts Issue Forecasts for AMAL FY2025 Earnings

Amalgamated Financial Corp. (NASDAQ:AMAL) – Investment analysts at Keefe, Bruyette & Woods issued their FY2025 EPS estimates for Amalgamated Financial in a report issued on Friday, January 16th. Keefe, Bruyette & Woods analyst C. O’connell forecasts that the company will post earnings per share of $3.48 for the year. The consensus estimate for Amalgamated Financial’s current full-year earnings is $3.65 per share.

Amalgamated Financial (NASDAQ:AMAL) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. Amalgamated Financial had a return on equity of 14.75% and a net margin of 22.97%.The firm had revenue of $86.41 million during the quarter, compared to analyst estimates of $83.33 million.

Several other equities analysts have also commented on AMAL. Weiss Ratings restated a “hold (c+)” rating on shares of Amalgamated Financial in a research note on Monday, December 29th. Piper Sandler upgraded shares of Amalgamated Financial from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $27.00 to $28.00 in a report on Wednesday, November 19th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $33.50.

Amalgamated Financial Trading Down 0.4%

Shares of NASDAQ AMAL opened at $34.65 on Monday. Amalgamated Financial has a twelve month low of $25.03 and a twelve month high of $37.26. The firm has a market cap of $1.04 billion, a PE ratio of 10.44 and a beta of 0.82. The business has a fifty day simple moving average of $31.32 and a two-hundred day simple moving average of $29.76. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.10.

Amalgamated Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 20th. Investors of record on Wednesday, November 5th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Wednesday, November 5th. Amalgamated Financial’s dividend payout ratio is 16.87%.

Insider Activity at Amalgamated Financial

In other Amalgamated Financial news, Director Edgar Romney sold 6,697 shares of Amalgamated Financial stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $27.34, for a total value of $183,095.98. Following the transaction, the director owned 16,763 shares in the company, valued at $458,300.42. The trade was a 28.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lynne P. Fox sold 8,949 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $27.34, for a total transaction of $244,665.66. Following the completion of the transaction, the director owned 22,276 shares of the company’s stock, valued at $609,025.84. This represents a 28.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 22,343 shares of company stock valued at $610,858 over the last quarter. 1.29% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of AMAL. Allspring Global Investments Holdings LLC acquired a new stake in shares of Amalgamated Financial in the 2nd quarter worth $427,000. Geode Capital Management LLC raised its stake in Amalgamated Financial by 20.2% in the second quarter. Geode Capital Management LLC now owns 608,506 shares of the company’s stock valued at $18,988,000 after buying an additional 102,166 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in Amalgamated Financial in the second quarter valued at about $1,152,000. Truist Financial Corp acquired a new stake in Amalgamated Financial in the second quarter worth about $256,000. Finally, Signaturefd LLC grew its stake in shares of Amalgamated Financial by 110.1% during the second quarter. Signaturefd LLC now owns 1,523 shares of the company’s stock worth $48,000 after acquiring an additional 798 shares during the last quarter. Institutional investors own 75.93% of the company’s stock.

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.