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.

Several equities research analysts recently commented on AMAL shares. Raymond James started coverage on Amalgamated Bank in a research report on Friday, September 7th. They set an “outperform” rating on the stock. Barclays initiated coverage on Amalgamated Bank in a research report on Wednesday, September 5th. They issued an “overweight” rating and a $20.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on Amalgamated Bank in a research report on Tuesday, September 4th. They issued an “overweight” rating and a $21.00 target price on the stock. Keefe, Bruyette & Woods initiated coverage on Amalgamated Bank in a research report on Tuesday, September 4th. They issued a “market perform” rating and a $19.00 target price on the stock. Finally, Piper Jaffray Companies initiated coverage on Amalgamated Bank in a research report on Tuesday, September 4th. They issued a “neutral” rating and a $19.50 target price on the stock. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $20.10.

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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Earnings History and Estimates for Amalgamated Bank (NASDAQ:AMAL)

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