Amalgamated Financial (NASDAQ:AMAL – Get Free Report) posted its earnings results on Thursday. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.83 by $0.08, Zacks reports. The firm had revenue of $111.76 million for the quarter, compared to analysts’ expectations of $79.50 million. Amalgamated Financial had a net margin of 23.64% and a return on equity of 16.23%. During the same quarter last year, the firm earned $0.76 EPS.
Amalgamated Financial Stock Performance
AMAL traded up $0.23 during midday trading on Friday, reaching $33.76. The company had a trading volume of 195,218 shares, compared to its average volume of 145,026. The business has a 50-day moving average price of $31.90 and a two-hundred day moving average price of $28.31. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.63 and a current ratio of 0.63. Amalgamated Financial has a 12-month low of $15.33 and a 12-month high of $35.30. The stock has a market cap of $1.03 billion, a PE ratio of 11.03 and a beta of 0.92.
Amalgamated Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 21st. Shareholders of record on Tuesday, November 5th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 1.42%. The ex-dividend date is Tuesday, November 5th. Amalgamated Financial’s dividend payout ratio is 15.69%.
Insider Transactions at Amalgamated Financial
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $35.00 price target (up from $30.00) on shares of Amalgamated Financial in a report on Monday, July 29th.
Check Out Our Latest Stock Report on Amalgamated Financial
About Amalgamated Financial
Amalgamated Financial Corp. operates as the bank holding company for Amalgamated Bank that provides commercial and retail banking, investment management, and trust and custody services for commercial and retail customers in the United States. The company accepts various deposit products, including non-interest bearing accounts, interest-bearing demand products, savings accounts, money market accounts, NOW accounts, and certificates of deposit.
Featured Articles
- Five stocks we like better than Amalgamated Financial
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- Real Estate Sector Outperforms: 3 Stocks to Gain Exposure
- 3 Small Caps With Big Return Potential
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- Airline Stocks – Top Airline Stocks to Buy Now
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
Receive News & Ratings for Amalgamated Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amalgamated Financial and related companies with MarketBeat.com's FREE daily email newsletter.