Amalgamated Financial (AMAL) Expected to Announce Quarterly Earnings on Thursday

Amalgamated Financial (NASDAQ:AMALGet Free Report) is projected to post its quarterly earnings results before the market opens on Thursday, January 23rd. Analysts expect Amalgamated Financial to post earnings of $0.87 per share and revenue of $81,900.00 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Amalgamated Financial (NASDAQ:AMALGet Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.08. Amalgamated Financial had a return on equity of 16.00% and a net margin of 24.19%. The company had revenue of $111.76 million during the quarter, compared to the consensus estimate of $79.50 million. During the same period in the prior year, the company earned $0.76 earnings per share. On average, analysts expect Amalgamated Financial to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Amalgamated Financial Trading Up 2.3 %

NASDAQ:AMAL opened at $36.10 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.63 and a quick ratio of 0.63. The business’s 50-day simple moving average is $34.87 and its 200-day simple moving average is $32.66. Amalgamated Financial has a fifty-two week low of $21.33 and a fifty-two week high of $38.19. The stock has a market capitalization of $1.11 billion, a PE ratio of 10.62 and a beta of 0.93.

Wall Street Analysts Forecast Growth

AMAL has been the subject of several research analyst reports. Keefe, Bruyette & Woods upped their price target on shares of Amalgamated Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Piper Sandler lifted their price target on Amalgamated Financial from $39.00 to $42.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th.

Check Out Our Latest Stock Analysis on AMAL

Insider Transactions at Amalgamated Financial

In related news, CFO Jason Darby sold 4,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $36.59, for a total value of $146,360.00. Following the completion of the transaction, the chief financial officer now directly owns 50,208 shares of the company’s stock, valued at approximately $1,837,110.72. This trade represents a 7.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Regional Joint Board Rochester sold 55,875 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $34.32, for a total transaction of $1,917,630.00. Following the sale, the insider now directly owns 355,893 shares in the company, valued at $12,214,247.76. This trade represents a 13.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 591,849 shares of company stock valued at $21,099,252 in the last ninety days. 0.90% of the stock is currently owned by corporate insiders.

Amalgamated Financial Company Profile

(Get Free Report)

Amalgamated Financial Corp. operates as the bank holding company for Amalgamated Bank that provides commercial and retail banking, investment management, and trust and custody services for commercial and retail customers in the United States. The company accepts various deposit products, including non-interest bearing accounts, interest-bearing demand products, savings accounts, money market accounts, NOW accounts, and certificates of deposit.

Further Reading

Earnings History for Amalgamated Financial (NASDAQ:AMAL)

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