Keefe, Bruyette & Woods Comments on AMAL Q3 Earnings

Amalgamated Financial Corp. (NASDAQ:AMAL) – Research analysts at Keefe, Bruyette & Woods issued their Q3 2026 earnings per share (EPS) estimates for Amalgamated Financial in a report released on Monday, October 12th. Keefe, Bruyette & Woods analyst C. O’connell forecasts that the company will post earnings per share of $1.06 for the quarter. Keefe, Bruyette & Woods currently has an “Outperform” rating and a $54.00 price target on the stock. The consensus estimate for Amalgamated Financial’s current full-year earnings is $4.06 per share.

Amalgamated Financial (NASDAQ:AMAL) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.10. The company had revenue of $96.10 million during the quarter, compared to analyst estimates of $92.09 million. Amalgamated Financial had a return on equity of 14.30% and a net margin of 23.34%.

AMAL has been the subject of a number of other research reports. Weiss Ratings upgraded Amalgamated Financial from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday. Raymond James Financial began coverage on shares of Amalgamated Financial in a research report on Thursday, September 3rd. They issued an “outperform” rating and a $55.00 price objective on the stock. Piper Sandler upped their price objective on shares of Amalgamated Financial from $48.00 to $53.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Finally, Zacks Research raised shares of Amalgamated Financial from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.00.

Amalgamated Financial Price Performance

Shares of NASDAQ AMAL opened at $46.89 on Wednesday. The firm has a market capitalization of $1.40 billion, a P/E ratio of 12.34 and a beta of 0.81. The company has a quick ratio of 0.63, a current ratio of 0.64 and a debt-to-equity ratio of 0.08. The stock’s 50-day simple moving average is $48.33 and its two-hundred day simple moving average is $45.20. Amalgamated Financial has a twelve month low of $25.13 and a twelve month high of $51.59.

Institutional Trading of Amalgamated Financial

Hedge funds and other institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in Amalgamated Financial by 172.0% during the third quarter. Farther Finance Advisors LLC now owns 729 shares of the company’s stock valued at $35,000 after purchasing an additional 461 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in Amalgamated Financial in the second quarter worth about $30,000. First Trust Advisors LP increased its position in Amalgamated Financial by 3.2% in the first quarter. First Trust Advisors LP now owns 22,293 shares of the company’s stock worth $867,000 after buying an additional 685 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Amalgamated Financial by 143.8% in the first quarter. Royal Bank of Canada now owns 1,485 shares of the company’s stock worth $57,000 after buying an additional 876 shares during the period. Finally, Parallel Advisors LLC raised its stake in shares of Amalgamated Financial by 42.6% in the first quarter. Parallel Advisors LLC now owns 3,216 shares of the company’s stock worth $125,000 after buying an additional 961 shares during the period. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder States Regional Joint Western sold 234,128 shares of the stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $47.88, for a total transaction of $11,210,048.64. Following the transaction, the insider directly owned 399,567 shares in the company, valued at approximately $19,131,267.96. This represents a 36.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder United Workers sold 234,128 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $47.88, for a total value of $11,210,048.64. Following the transaction, the insider directly owned 399,567 shares in the company, valued at approximately $19,131,267.96. This represents a 36.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,724,705 shares of company stock worth $83,009,328. 1.63% of the stock is owned by insiders.

Amalgamated Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Tuesday, August 4th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 4th. Amalgamated Financial’s dividend payout ratio is currently 18.13%.

About Amalgamated Financial

Amalgamated Financial Corp. is the parent company of Amalgamated Bank, a mission-driven financial institution headquartered in New York City. The bank provides banking and financial services to consumers, businesses, nonprofit organizations, labor unions, political organizations and other institutions, with an emphasis on serving customers and industries aligned with its social and environmental values.

Amalgamated Bank’s offerings include deposit accounts, commercial and consumer lending, cash-management and treasury services, payment solutions, institutional banking and investment-management services.