Keefe, Bruyette & Woods Comments on AMAL FY2025 Earnings

Amalgamated Financial Corp. (NASDAQ:AMAL) – Investment analysts at Keefe, Bruyette & Woods issued their FY2025 EPS estimates for Amalgamated Financial in a research report issued to clients and investors on Friday, January 16th. Keefe, Bruyette & Woods analyst C. O’connell anticipates that the company will earn $3.48 per share for the year. The consensus estimate for Amalgamated Financial’s current full-year earnings is $3.65 per share.

Amalgamated Financial (NASDAQ:AMAL) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.03. The company had revenue of $86.41 million during the quarter, compared to the consensus estimate of $83.33 million. Amalgamated Financial had a net margin of 22.97% and a return on equity of 14.75%.

Other equities analysts also recently issued research reports about the company. Piper Sandler raised Amalgamated Financial from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $27.00 to $28.00 in a research report on Wednesday, November 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of Amalgamated Financial in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $33.50.

Amalgamated Financial Trading Down 0.4%

Shares of NASDAQ:AMAL opened at $34.65 on Monday. Amalgamated Financial has a 52-week low of $25.03 and a 52-week high of $37.26. The company has a market capitalization of $1.04 billion, a P/E ratio of 10.44 and a beta of 0.82. The company has a 50-day simple moving average of $31.45 and a 200 day simple moving average of $29.77. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 0.64.

Insider Activity at Amalgamated Financial

In other Amalgamated Financial news, Director Lynne P. Fox sold 8,949 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $27.34, for a total value of $244,665.66. Following the transaction, the director directly owned 22,276 shares of the company’s stock, valued at $609,025.84. This represents a 28.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Edgar Romney sold 6,697 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $27.34, for a total value of $183,095.98. Following the transaction, the director owned 16,763 shares in the company, valued at $458,300.42. The trade was a 28.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 22,343 shares of company stock worth $610,858 in the last ninety days. 1.29% of the stock is owned by company insiders.

Institutional Trading of Amalgamated Financial

Several hedge funds and other institutional investors have recently bought and sold shares of AMAL. Dimensional Fund Advisors LP grew its position in shares of Amalgamated Financial by 4.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,407,173 shares of the company’s stock worth $38,205,000 after purchasing an additional 54,885 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Amalgamated Financial by 0.5% in the third quarter. Vanguard Group Inc. now owns 1,385,335 shares of the company’s stock valued at $37,612,000 after buying an additional 7,512 shares during the period. Geode Capital Management LLC grew its position in Amalgamated Financial by 20.2% during the second quarter. Geode Capital Management LLC now owns 608,506 shares of the company’s stock worth $18,988,000 after buying an additional 102,166 shares in the last quarter. American Century Companies Inc. increased its stake in Amalgamated Financial by 6.7% during the 3rd quarter. American Century Companies Inc. now owns 589,033 shares of the company’s stock worth $15,992,000 after acquiring an additional 36,851 shares during the period. Finally, Boston Trust Walden Corp acquired a new position in Amalgamated Financial in the 2nd quarter valued at $16,974,000. Institutional investors and hedge funds own 75.93% of the company’s stock.

About Amalgamated Financial

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.