Amalgamated Financial (NASDAQ:AMAL - Get Free Report) is set to announce its earnings results before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.83 per share for the quarter. Parties that wish to listen to the company's conference call can do so using this link.
Amalgamated Financial (NASDAQ:AMAL - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.06. Amalgamated Financial had a net margin of 23.64% and a return on equity of 16.23%. The company had revenue of $108.22 million during the quarter, compared to analyst estimates of $77.33 million. During the same period in the prior year, the firm earned $0.72 earnings per share. On average, analysts expect Amalgamated Financial to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of AMAL opened at $34.52 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 11.28 and a beta of 0.92. Amalgamated Financial has a one year low of $15.19 and a one year high of $34.69. The company has a 50-day moving average of $31.05 and a two-hundred day moving average of $27.71.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Tuesday, August 6th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend was Tuesday, August 6th. Amalgamated Financial's payout ratio is 15.69%.
A number of analysts have recently issued reports on AMAL shares. Keefe, Bruyette & Woods restated an "outperform" rating and issued a $35.00 target price (up previously from $30.00) on shares of Amalgamated Financial in a report on Monday, July 29th. JPMorgan Chase & Co. lifted their target price on Amalgamated Financial from $31.50 to $32.50 and gave the company an "overweight" rating in a research note on Thursday, June 27th.
View Our Latest Stock Report on AMAL
In other news, major shareholder United Canada Council Workers sold 82,464 shares of the company's stock in a transaction on Monday, September 9th. The shares were sold at an average price of $31.05, for a total value of $2,560,507.20. Following the transaction, the insider now directly owns 440,401 shares of the company's stock, valued at approximately $13,674,451.05. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.90% of the company's stock.
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.
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