Amalgamated Financial: Earnings Outlook Remains Positive Thanks To Loans And Margin [Seeking Alpha]
Amalgamated Financial Corp. (AMAL)
Last amalgamated financial corp. earnings: 4/30 06:25 am
Check Earnings Report
US:NASDAQ Investor Relations:
amalgamatedbank.com/contact/investor-relations
Company Research
Source: Seeking Alpha
Local job markets give hope that loan growth can remain at a decent level. The December 2024 target price suggests a moderate upside. Further, AMAL is offering a low dividend yield. Earnings of Amalgamated Financial Corp. ( NASDAQ: AMAL ) will likely increase this year on the back of loan growth and slight margin expansion. I'm expecting the company to report earnings of $3.11 per share, up 8.9% year-over-year. The year-end target price suggests a moderate upside from the current market price. As a result, I'm maintaining a buy rating on Amalgamated Financial stock. Loan Growth to Continue to Support Earnings Loan growth decelerated in the last quarter of 2023. Nevertheless, Amalgamated Financial was able to report healthy full-year loan growth of 7%, which exceeded my expectations given in my last report on the company. As mentioned in the earnings presentation , the management expects the balance sheet size to remain stable in the first half and then increase by around 3%
Show less
Read more
Impact Snapshot
Event Time:
AMAL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
AMAL alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
AMAL alerts
High impacting Amalgamated Financial Corp. news events
Weekly update
A roundup of the hottest topics
AMAL
News
- Amalgamated Financial Corp. (NASDAQ: AMAL) had its "overweight" rating re-affirmed by analysts at Piper Sandler. They now have a $29.00 price target on the stock, up previously from $28.00.MarketBeat
- Amalgamated Financial First Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Amalgamated Financial Corp. Reports First Quarter 2024 Financial Results; Stellar Deposit Growth; Net Interest Margin Rises to 3.49% [Yahoo! Finance]Yahoo! Finance
- Amalgamated Financial Corp. Reports First Quarter 2024 Financial Results; Stellar Deposit Growth; Net Interest Margin Rises to 3.49%GlobeNewswire
- CORRECTION: Amalgamated Financial Corp. Announces a 20% Quarterly Dividend IncreaseGlobeNewswire
AMAL
Earnings
- 4/25/24 - Beat
AMAL
Analyst Actions
- 4/4/24 - JP Morgan
AMAL
Sec Filings
- 4/25/24 - Form 8-K
- 4/24/24 - Form 8-K/A
- 4/23/24 - Form 8-K
- AMAL's page on the SEC website