Amalgamated Bank (NASDAQ:AMAL) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors of record on Friday, November 15th will be paid a dividend of 0.08 per share on Friday, November 29th. This represents a $0.32 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Thursday, November 14th. This is an increase from Amalgamated Bank’s previous quarterly dividend of $0.06.

Shares of AMAL traded up $0.09 during trading hours on Tuesday, hitting $18.83. The stock had a trading volume of 407 shares, compared to its average volume of 116,566. The firm has a market cap of $586.17 million, a P/E ratio of 13.85 and a beta of 0.41. The company’s fifty day simple moving average is $17.10 and its 200 day simple moving average is $16.81. Amalgamated Bank has a 12-month low of $14.58 and a 12-month high of $22.97.

Amalgamated Bank (NASDAQ:AMAL) last issued its earnings results on Monday, October 28th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.04. The firm had revenue of $49.42 million during the quarter, compared to analysts’ expectations of $48.29 million. As a group, sell-side analysts expect that Amalgamated Bank will post 1.49 EPS for the current year.

Several brokerages recently weighed in on AMAL. ValuEngine raised Amalgamated Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research raised Amalgamated Bank from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 31st. Finally, Barclays cut their price objective on Amalgamated Bank from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th.

Amalgamated Bank Company Profile

Amalgamated Bank, together with its subsidiaries, provides commercial banking and retail banking products and services in the United States. The company offers deposit products, including time deposits, non-interest and interest-bearing demand accounts, savings and money market accounts, NOW accounts, and certificates of deposit.

See Also: Buy-Side Analysts

Dividend History for Amalgamated Bank (NASDAQ:AMAL)

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