Amalgamated Financial (NASDAQ:AMAL) Coverage Initiated at Raymond James Financial

Stock analysts at Raymond James Financial started coverage on shares of Amalgamated Financial (NASDAQ:AMAL) in a research report issued on Thursday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $55.00 price target on the stock. Raymond James Financial’s price objective suggests a potential upside of 14.25% from the stock’s previous close.

Several other research firms have also recently commented on AMAL. Piper Sandler raised their price target on shares of Amalgamated Financial from $48.00 to $53.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Zacks Research upgraded shares of Amalgamated Financial from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Keefe, Bruyette & Woods increased their target price on shares of Amalgamated Financial from $53.00 to $54.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Finally, Weiss Ratings raised shares of Amalgamated Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $54.00.

Amalgamated Financial Stock Up 1.7%

NASDAQ:AMAL opened at $48.14 on Thursday. The business’s fifty day moving average price is $48.27 and its 200 day moving average price is $43.41. The firm has a market capitalization of $1.44 billion, a price-to-earnings ratio of 12.84 and a beta of 0.79. The company has a current ratio of 0.64, a quick ratio of 0.63 and a debt-to-equity ratio of 0.08. Amalgamated Financial has a 1-year low of $25.13 and a 1-year high of $51.59.

Amalgamated Financial (NASDAQ:AMAL) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.10. Amalgamated Financial had a return on equity of 14.30% and a net margin of 23.34%.The firm had revenue of $96.10 million during the quarter, compared to analyst estimates of $92.09 million. On average, sell-side analysts forecast that Amalgamated Financial will post 4.06 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Amalgamated Financial news, major shareholder United Workers sold 44,244 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $48.19, for a total value of $2,132,118.36. Following the completion of the sale, the insider owned 6,988,727 shares in the company, valued at approximately $336,786,754.13. This trade represents a 0.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder States Regional Joint Western sold 44,244 shares of Amalgamated Financial stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $48.19, for a total value of $2,132,118.36. Following the sale, the insider directly owned 6,988,727 shares in the company, valued at $336,786,754.13. The trade was a 0.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 275,285 shares of company stock worth $13,190,722 in the last 90 days. 1.63% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Quadrant Capital Group LLC lifted its position in Amalgamated Financial by 11.0% in the fourth quarter. Quadrant Capital Group LLC now owns 3,136 shares of the company’s stock worth $100,000 after purchasing an additional 312 shares during the period. Intech Investment Management LLC increased its holdings in Amalgamated Financial by 3.4% in the 3rd quarter. Intech Investment Management LLC now owns 11,628 shares of the company’s stock valued at $316,000 after buying an additional 383 shares during the period. Osaic Holdings Inc. increased its holdings in Amalgamated Financial by 56.7% in the 2nd quarter. Osaic Holdings Inc. now owns 1,080 shares of the company’s stock valued at $34,000 after buying an additional 391 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Amalgamated Financial by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,654 shares of the company’s stock valued at $306,000 after buying an additional 468 shares in the last quarter. Finally, CWM LLC raised its stake in shares of Amalgamated Financial by 41.2% in the 4th quarter. CWM LLC now owns 1,880 shares of the company’s stock valued at $60,000 after buying an additional 549 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Key Amalgamated Financial News

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

• Positive Sentiment: Zacks upgraded AMAL to Rank #2 (Buy), citing improving earnings prospects. The upgrade could provide near-term support, especially after the company’s latest quarterly results exceeded expectations. What Makes Amalgamated Financial AMAL a New Buy Stock
• Positive Sentiment: Amalgamated Financial’s most recent reported quarter showed adjusted strength, with EPS of $1.10 versus the $1.00 consensus estimate and revenue of $96.1 million versus expectations of $92.09 million. Analysts expect approximately $4.06 in full-year EPS, while the company’s quarterly dividend implies a 1.4% yield.
• Neutral Sentiment: AMAL trades near $48, below its 52-week high of $51.59 but well above its 200-day moving average of $43.41. Its P/E ratio is approximately 12.8, and analysts’ average price target of $53.50 suggests additional potential upside, although the consensus rating is only “Moderate Buy.”
• Negative Sentiment: Major shareholders reported repeated selling between August 31 and September 2. United Workers and States Regional Joint Western disclosed sales at prices ranging from $47.28 to $48.19, reducing their reported holdings by roughly 1.9% across the transactions. The sales, totaling approximately $12.8 million based on the matching reported trades, may pressure sentiment because they represent significant holders reducing exposure near recent highs. SEC ownership filing SEC ownership filing

Amalgamated Financial Company Profile

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.