Amalgamated Financial (AMAL) Set to Announce Quarterly Earnings on Thursday

Amalgamated Financial (NASDAQ:AMAL) is scheduled to be releasing its earnings data before the market opens on Thursday, April 25th. Analysts expect Amalgamated Financial to post earnings of $0.76 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Amalgamated Financial (NASDAQ:AMAL) last issued its earnings results on Thursday, January 25th. The company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.01). Amalgamated Financial had a return on equity of 16.60% and a net margin of 22.71%. The company had revenue of $105.39 million for the quarter, compared to analysts’ expectations of $71.59 million. During the same quarter in the previous year, the firm posted $0.83 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.

Amalgamated Financial Stock Down 0.3 %

Shares of NASDAQ AMAL opened at $21.49 on Thursday. The stock has a market capitalization of $655.45 million, a price-to-earnings ratio of 7.51 and a beta of 0.94. Amalgamated Financial has a 52 week low of $14.05 and a 52 week high of $27.77. The firm has a 50-day moving average price of $23.33 and a 200 day moving average price of $22.61. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.52.

Amalgamated Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 6th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.86%. Amalgamated Financial’s payout ratio is 13.99%.

Hedge Funds Weigh In On Amalgamated Financial

Hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its stake in shares of Amalgamated Financial by 96.4% during the third quarter. Tower Research Capital LLC TRC now owns 1,100 shares of the company’s stock valued at $25,000 after buying an additional 540 shares during the period. Amalgamated Bank boosted its holdings in shares of Amalgamated Financial by 31.6% during the fourth quarter. Amalgamated Bank now owns 2,322 shares of the company’s stock worth $53,000 after purchasing an additional 557 shares during the last quarter. Citigroup Inc. grew its position in shares of Amalgamated Financial by 174.4% in the first quarter. Citigroup Inc. now owns 3,501 shares of the company’s stock valued at $62,000 after purchasing an additional 2,225 shares during the period. State of Wyoming purchased a new stake in shares of Amalgamated Financial in the fourth quarter valued at $112,000. Finally, Legal & General Group Plc increased its stake in Amalgamated Financial by 10.8% in the fourth quarter. Legal & General Group Plc now owns 5,873 shares of the company’s stock valued at $135,000 after purchasing an additional 571 shares during the last quarter. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Wall Street Analyst Weigh In

AMAL has been the subject of several research analyst reports. JPMorgan Chase & Co. dropped their price objective on Amalgamated Financial from $33.00 to $29.50 and set an “overweight” rating for the company in a research note on Thursday, April 4th. Keefe, Bruyette & Woods decreased their price objective on shares of Amalgamated Financial from $32.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, April 5th.

Amalgamated Financial Company Profile

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.