Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Amalgamated Financial (NASDAQ:AMAL) Stock

Amalgamated Financial (NASDAQ:AMAL) had its price objective upped by Keefe, Bruyette & Woods from $53.00 to $54.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 9.22% from the company’s previous close.

AMAL has been the subject of a number of other reports. Weiss Ratings downgraded Amalgamated Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Piper Sandler boosted their price objective on Amalgamated Financial from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Finally, Zacks Research upgraded Amalgamated Financial from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Amalgamated Financial presently has a consensus rating of “Moderate Buy” and an average price target of $51.00.

Amalgamated Financial Trading Up 1.6%

NASDAQ:AMAL opened at $49.44 on Friday. Amalgamated Financial has a 52 week low of $25.13 and a 52 week high of $49.70. 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 firm’s fifty day moving average is $44.46 and its 200-day moving average is $40.97. The firm has a market cap of $1.48 billion, a P/E ratio of 13.18 and a beta of 0.79.

Amalgamated Financial (NASDAQ:AMAL) last announced its earnings results on Thursday, July 23rd. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.10. The business had revenue of $96.10 million during the quarter, compared to the consensus estimate of $92.09 million. Amalgamated Financial had a net margin of 23.34% and a return on equity of 14.49%. Equities analysts expect that Amalgamated Financial will post 3.92 earnings per share for the current year.

Insider Transactions at Amalgamated Financial

In other news, CAO Leslie Veluswamy sold 2,500 shares of the company’s 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 directly owned 14,215 shares of the company’s stock, valued at $618,494.65. This represents a 14.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jason Darby sold 3,000 shares of Amalgamated Financial stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $43.30, for a total transaction of $129,900.00. Following the completion of the sale, the chief financial officer directly owned 79,343 shares of the company’s stock, valued at approximately $3,435,551.90. The trade was a 3.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 7,589 shares of company stock valued at $325,139 over the last ninety days. 1.63% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. increased its position in shares of Amalgamated Financial by 56.7% during the second quarter. Osaic Holdings Inc. now owns 1,080 shares of the company’s stock worth $34,000 after acquiring an additional 391 shares in the last quarter. Arax Advisory Partners lifted its position in Amalgamated Financial by 187.1% in the 4th quarter. Arax Advisory Partners now owns 1,269 shares of the company’s stock valued at $41,000 after acquiring an additional 827 shares in the last quarter. Royal Bank of Canada boosted its stake in Amalgamated Financial by 143.8% during the 1st quarter. Royal Bank of Canada now owns 1,485 shares of the company’s stock valued at $57,000 after purchasing an additional 876 shares during the last quarter. CWM LLC boosted its stake in Amalgamated Financial by 41.2% during the 4th quarter. CWM LLC now owns 1,880 shares of the company’s stock valued at $60,000 after purchasing an additional 549 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Amalgamated Financial by 140.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,014 shares of the company’s stock worth $63,000 after purchasing an additional 1,177 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Amalgamated Financial News Roundup

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.

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.