Amalgamated Bank (AMAL) Expected to Post Earnings of $0.36 Per Share
Equities analysts predict that Amalgamated Bank (NASDAQ:AMAL) will post earnings of $0.36 per share for the current quarter, according to Zacks. Three analysts have made estimates for Amalgamated Bank’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.33. The business is expected to announce its next quarterly earnings report on Monday, December 24th.
On average, analysts expect that Amalgamated Bank will report full year earnings of $1.39 per share for the current financial year, with EPS estimates ranging from $1.35 to $1.47. For the next fiscal year, analysts anticipate that the business will post earnings of $1.41 per share, with EPS estimates ranging from $1.35 to $1.46. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Amalgamated Bank.
Amalgamated Bank (NASDAQ:AMAL) last released its quarterly earnings data on Monday, September 24th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.38 by $0.02. The business had revenue of $42.90 million for the quarter, compared to analysts’ expectations of $42.23 million.
Shares of Amalgamated Bank stock traded up $0.17 during trading on Monday, hitting $19.68. 77,344 shares of the company’s stock traded hands, compared to its average volume of 221,762. Amalgamated Bank has a 1 year low of $13.25 and a 1 year high of $19.87.
About Amalgamated Bank
Amalgamated Bank provides personal and commercial banking products and services to working families, unions, commercial real estate industries, healthcare markets, institutional investors, law firms, non-profits, and political organizations in the United States. The company offers checking, savings, certificates of deposit, money market, and individual retirement accounts; home equity lines of credit options, mortgages, and personal loans and lines of credit options; and commercial loans (lines of credit, letters of credit, and term loans).
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