Amalgamated Financial (NASDAQ:AMAL – Get Free Report) will likely be announcing its earnings results before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.87 per share and revenue of $81,900.00 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.
Amalgamated Financial (NASDAQ:AMAL – Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.08. Amalgamated Financial had a return on equity of 16.00% and a net margin of 24.19%. The business had revenue of $111.76 million for the quarter, compared to analysts’ expectations of $79.50 million. During the same period in the previous year, the business posted $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 Stock Performance
Shares of NASDAQ:AMAL opened at $36.82 on Wednesday. The business’s fifty day moving average price is $34.87 and its two-hundred day moving average price is $32.74. 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 $1.13 billion, a price-to-earnings ratio of 10.83 and a beta of 0.93. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.63 and a quick ratio of 0.63.
Insider Activity
Wall Street Analysts Forecast Growth
AMAL has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upped their price target on Amalgamated Financial from $41.00 to $45.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Piper Sandler upped their price target on Amalgamated Financial from $39.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th.
Check Out Our Latest Analysis on AMAL
Amalgamated Financial Company Profile
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.
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