Amalgamated Financial (NASDAQ:AMAL – Get Free Report) reported earnings on July 25th, showing an EPS of $0.85, higher than the expected $0.79. The company earned $108.22 million in revenue, exceeding analyst forecasts of $77.33 million, and had a net profit margin of 23.64%. Last year’s EPS for the same quarter was $0.72. Analysts predict Amalgamated will earn $3 EPS this fiscal year and next.
Stock Performance
On Thursday, AMAL shares opened at $34.52. The company has a debt-to-equity ratio of 0.12 and a market cap of $1.05 billion. The stock’s 52-week range is $15.19 to $34.69, with moving averages of $31.05 (50 days) and $27.71 (200 days).
Dividend Announcement
Amalgamated recently paid a quarterly dividend of $0.12 per share on August 22nd, with an annual yield of 1.39%. The ex-dividend date was August 6th, and the payout ratio is 15.69%.
Analysts’ Price Targets
Analysts have upgraded their price targets for AMAL, with Keefe, Bruyette & Woods raising their target from $30.00 to $35.00, and JPMorgan Chase increasing theirs from $31.50 to $32.50.
Insider Transactions
On September 9th, United Canada Council Workers sold 82,464 shares at $31.05 each, totaling $2.56 million. They now own 440,401 shares, a 0.00% ownership decrease. Insiders hold 0.90% of the stock.
About Amalgamated Financial
Amalgamated Financial Corp. is the bank holding company for Amalgamated Bank, offering commercial and retail banking, investment management, and other financial services in the U.S.
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