Amalgamated Financial (NASDAQ:AMAL) Reaches New 12-Month High After Dividend Announcement

Amalgamated Financial Corp. (NASDAQ:AMAL) reached a new 52-week high during trading on Wednesday following a dividend announcement from the company. The stock traded as high as $48.67 and last traded at $47.2650, with a volume of 320 shares traded. The stock had previously closed at $47.56.

The newly announced dividend which will be paid on Thursday, August 20th. Stockholders of record on Tuesday, August 4th will be issued a $0.17 dividend. The ex-dividend date is Tuesday, August 4th. This represents a $0.68 annualized dividend and a dividend yield of 1.4%. Amalgamated Financial’s dividend payout ratio (DPR) is currently 19.77%.

Wall Street Analysts Forecast Growth

AMAL has been the topic of several analyst reports. Weiss Ratings downgraded shares of Amalgamated Financial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Piper Sandler increased their price target on shares of Amalgamated Financial from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. Finally, Zacks Research raised shares of Amalgamated Financial from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $48.00.

Amalgamated Financial Price Performance

The firm has a market cap of $1.45 billion, a PE ratio of 14.15 and a beta of 0.79. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a 50-day simple moving average of $44.27 and a 200 day simple moving average of $40.91.

Amalgamated Financial (NASDAQ:AMAL) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.10. The firm had revenue of $96.10 million for the quarter, compared to analysts’ expectations of $92.09 million. Amalgamated Financial had a return on equity of 13.89% and a net margin of 22.33%. As a group, equities analysts expect that Amalgamated Financial Corp. will post 3.92 EPS for the current year.

Amalgamated Financial News Summary

Here are the key news stories impacting Amalgamated Financial this week:

• Positive Sentiment: Amalgamated Financial reported Q2 2026 earnings of $1.10 per share, beating the $1.00 consensus estimate and improving from $0.88 a year ago. Revenue also topped forecasts at $96.1 million versus $92.09 million expected. Article Title
• Positive Sentiment: The company said the quarter delivered record profitability, with margin rising to 3.78%, and management raised guidance, which supports the bullish reaction in the stock. Article Title
• Positive Sentiment: Amalgamated Bank also highlighted a strong balance sheet and differentiated deposit franchise, which likely reinforced investor confidence in the earnings quality. Article Title
• Neutral Sentiment: The board also declared a quarterly dividend of $0.17 per share, signaling continued capital return to shareholders, though this is not likely the main driver of today’s move.

Insiders Place Their Bets

In other news, Director Maryann Bruce sold 2,089 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $41.39, for a total value of $86,463.71. Following the sale, the director directly owned 19,942 shares of the company’s stock, valued at approximately $825,399.38. This represents a 9.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Leslie Veluswamy sold 2,500 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $43.51, for a total value of $108,775.00. Following the transaction, the chief accounting officer owned 14,215 shares of the company’s stock, valued at $618,494.65. The trade was a 14.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 7,589 shares of company stock valued at $325,139. 1.63% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Millennium Management LLC raised its stake in shares of Amalgamated Financial by 63.7% in the third quarter. Millennium Management LLC now owns 522,598 shares of the company’s stock worth $14,189,000 after purchasing an additional 203,440 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Amalgamated Financial by 78.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 295,670 shares of the company’s stock valued at $9,470,000 after buying an additional 129,585 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its position in shares of Amalgamated Financial by 14.5% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 953,859 shares of the company’s stock valued at $30,552,000 after buying an additional 120,483 shares during the last quarter. First Trust Advisors LP increased its holdings in Amalgamated Financial by 616.8% in the 2nd quarter. First Trust Advisors LP now owns 132,681 shares of the company’s stock worth $4,140,000 after buying an additional 114,171 shares in the last quarter. Finally, Credit Agricole S A bought a new stake in Amalgamated Financial in the 3rd quarter worth about $2,839,000. 75.93% of the stock is owned by hedge funds and other 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.