Amalgamated Financial (NASDAQ:AMAL) Given New $54.00 Price Target at Keefe, Bruyette & Woods

Amalgamated Financial (NASDAQ:AMAL) had its target price raised by equities research analysts at Keefe, Bruyette & Woods from $53.00 to $54.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 9.05% from the stock’s previous close.

Several other equities research analysts have also recently commented on AMAL. Weiss Ratings cut Amalgamated Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Piper Sandler raised their target price on Amalgamated Financial from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, June 26th. Finally, Zacks Research raised shares of Amalgamated Financial from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $51.00.

Amalgamated Financial Stock Performance

Amalgamated Financial stock traded up $0.86 during mid-day trading on Friday, hitting $49.52. 49,834 shares of the company’s stock traded hands, compared to its average volume of 163,048. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.09. Amalgamated Financial has a one year low of $25.13 and a one year high of $49.70. The firm has a 50 day moving average price of $44.27 and a 200 day moving average price of $40.91. The company has a market cap of $1.48 billion, a PE ratio of 14.34 and a beta of 0.79.

Amalgamated Financial (NASDAQ:AMAL) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.10. The company had revenue of $96.10 million for the quarter, compared to analyst estimates of $92.09 million. Amalgamated Financial had a return on equity of 13.89% and a net margin of 22.33%. On average, equities analysts forecast that Amalgamated Financial will post 3.92 EPS for the current year.

Insider Buying and Selling at Amalgamated Financial

In other news, CAO Leslie Veluswamy sold 2,500 shares of the stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $43.51, for a total transaction of $108,775.00. Following the transaction, the chief accounting officer owned 14,215 shares of the company’s stock, valued at approximately $618,494.65. This represents a 14.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Maryann Bruce sold 2,089 shares of Amalgamated Financial stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $41.39, for a total transaction of $86,463.71. Following the completion of the transaction, the director owned 19,942 shares in the company, valued at $825,399.38. This trade represents a 9.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 7,589 shares of company stock worth $325,139 over the last 90 days. 1.63% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amalgamated Financial

A number of institutional investors have recently added to or reduced their stakes in AMAL. Quadrant Capital Group LLC lifted its position in shares of Amalgamated Financial by 11.0% in the 4th quarter. Quadrant Capital Group LLC now owns 3,136 shares of the company’s stock worth $100,000 after acquiring an additional 312 shares during the period. Intech Investment Management LLC increased its holdings in Amalgamated Financial by 3.4% in the 3rd quarter. Intech Investment Management LLC now owns 11,628 shares of the company’s stock valued at $316,000 after buying an additional 383 shares during the period. Osaic Holdings Inc. lifted its stake in Amalgamated Financial by 56.7% during the second quarter. Osaic Holdings Inc. now owns 1,080 shares of the company’s stock worth $34,000 after purchasing an additional 391 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Amalgamated Financial by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,654 shares of the company’s stock worth $306,000 after buying an additional 468 shares in the last quarter. Finally, CWM LLC boosted its stake in Amalgamated Financial by 41.2% in the 4th quarter. CWM LLC now owns 1,880 shares of the company’s stock valued at $60,000 after buying an additional 549 shares in the last quarter. 75.93% of the stock is owned by institutional investors and hedge funds.

Amalgamated Financial News Roundup

Here are the key news stories impacting Amalgamated Financial this week:

• Positive Sentiment: Amalgamated Financial reported record second-quarter 2026 results, with earnings of $1.10 per share topping estimates of $1.00 and revenue of $96.1 million beating expectations, reinforcing the view that the bank is executing well. Article Title
• Positive Sentiment: The company highlighted record profitability, a margin increase to 3.78%, and raised guidance, which suggests improving fundamentals and could support further upside. Article Title
• Positive Sentiment: Investor attention was also helped by the company reaching a new 12-month high after a dividend announcement, signaling confidence in capital returns and strengthening demand for the shares. Article Title

Amalgamated Financial Company Profile

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.