Amalgamated Financial (AMAL) Stock Overview
Operates as the bank holding company for Amalgamated Bank that provides commercial and retail banking, investment management, and trust and custody services in the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 3/6 |
| Financial Health | 5/6 |
| Dividends | 2/6 |
AMAL Community Fair Values
Create NarrativeSee what 8 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Amalgamated Financial Corp. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$47.87 |
| 52 Week High | US$51.59 |
| 52 Week Low | US$25.13 |
| Beta | 0.78 |
| 1 Month Change | -6.25% |
| 3 Month Change | 9.59% |
| 1 Year Change | 67.85% |
| 3 Year Change | 171.06% |
| 5 Year Change | 230.59% |
| Change since IPO | 261.27% |
Recent News & Updates
Narrative Update • Aug 22
AMAL: Low Cost Deposits And Buybacks Will Shape Balanced Future Returns
Analysts have raised the fair value estimate for Amalgamated Financial to $53 from $48, citing recent price target increases and updated earnings expectations that reflect its low-cost deposit platform and current asset mix. Analyst Commentary Recent research on Amalgamated Financial points to a mix of recognition for its low cost deposit platform and a measured stance on how much upside is already reflected in the current valuation.Seeking Alpha • Aug 12
Amalgamated Financial: A Downgrade Is Getting Close
Summary Amalgamated Financial continues to outperform, with shares up 29.9% since March and nearly doubling since May 2024. AMAL's organic deposit growth, improved margins, and robust balance sheet expansion underpin its ongoing operational strength. Despite elevated uninsured deposit exposure (57.2%) and non-performing assets (1.09%), asset quality and returns remain industry-leading. I maintain AMAL as a very soft 'Buy,' but would consider a downgrade after another 10% price appreciation. Read the full article on Seeking Alpha
Narrative Update • Aug 08
AMAL: Record Q2 Earnings And Deposit Platform Are Expected To Support Shares
Analysts have raised their blended price target on Amalgamated Financial from $46 to about $53.50, citing stronger Q2 earnings, support from the low cost deposit platform, and higher outer year EPS estimates that align with modest adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Recent Street research on Amalgamated Financial highlights a mix of appreciation for the current execution and some restraint regarding valuation and future earning power.Recent updates
Narrative Update • Aug 22
AMAL: Low Cost Deposits And Buybacks Will Shape Balanced Future Returns
Analysts have raised the fair value estimate for Amalgamated Financial to $53 from $48, citing recent price target increases and updated earnings expectations that reflect its low-cost deposit platform and current asset mix. Analyst Commentary Recent research on Amalgamated Financial points to a mix of recognition for its low cost deposit platform and a measured stance on how much upside is already reflected in the current valuation.Seeking Alpha • Aug 12
Amalgamated Financial: A Downgrade Is Getting Close
Summary Amalgamated Financial continues to outperform, with shares up 29.9% since March and nearly doubling since May 2024. AMAL's organic deposit growth, improved margins, and robust balance sheet expansion underpin its ongoing operational strength. Despite elevated uninsured deposit exposure (57.2%) and non-performing assets (1.09%), asset quality and returns remain industry-leading. I maintain AMAL as a very soft 'Buy,' but would consider a downgrade after another 10% price appreciation. Read the full article on Seeking AlphaNarrative Update • Aug 08
AMAL: Record Q2 Earnings And Deposit Platform Are Expected To Support Shares
Analysts have raised their blended price target on Amalgamated Financial from $46 to about $53.50, citing stronger Q2 earnings, support from the low cost deposit platform, and higher outer year EPS estimates that align with modest adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions. Analyst Commentary Recent Street research on Amalgamated Financial highlights a mix of appreciation for the current execution and some restraint regarding valuation and future earning power.Narrative Update • Jul 24
AMAL: Credit Discipline And Buybacks Will Guide Balanced Future Return Profile
Analysts have raised the fair value estimate for Amalgamated Financial to $48.00 from $44.00. This reflects updated price targets around $48 and $54 that incorporate revised assumptions for the discount rate, revenue growth, profit margin, and future P/E.
Narrative Update • Jul 09
AMAL: Higher Margins And Index Additions Will Support Future Repricing
Analysts have raised the fair value estimate for Amalgamated Financial to $53 from $48. This change reflects updated expectations on margins and the price-to-earnings ratio, as well as recent Street price target increases in the Northeast bank group.Analysis Article • Jun 19
Amalgamated Financial (AMAL) Stock Could Be 6.1% Undervalued After Strong Quarterly Results
Amalgamated Financial (AMAL) is drawing attention after reporting year-over-year growth in revenue and net profit, alongside high operating efficiency, even as a recent share sale by its CFO adds an extra data point for investors. See our latest analysis for Amalgamated Financial. Amalgamated Financial’s share price has eased slightly over the past week after the CFO’s June share sale and mixed first quarter earnings. The stock still carries a 30 day share price return of 6.88% and a year to...Narrative Update • Jun 17
AMAL: Raised Guidance And Buybacks Are Expected To Support Future Share Price
Analysts have raised their price targets on Amalgamated Financial stock, with recent Street research indicating higher fair value expectations. These updated targets are $3 to $5 above prior levels, based on revised assumptions.Narrative Update • Jun 03
AMAL: Higher Expected Returns And Credit Resilience Will Support Future Repricing
Narrative Update: Amalgamated Financial Analyst Price Target Shift The analyst price target for Amalgamated Financial has moved from $43 to $48, with analysts pointing to updated expectations around fair value, revenue growth, profit margins and future P/E, informed in part by recent Street research highlighting both the bank's return profile and areas of credit-related focus. Analyst Commentary Bullish analysts have been revisiting their fair value frameworks for Amalgamated Financial, with several recent price target revisions pointing to more confidence in the stock's setup.Narrative Update • May 18
AMAL: Strong Return Profile And Credit Repair Are Expected To Unlock Upside
Narrative Update on Amalgamated Financial Analysts have lifted the fair value estimate for Amalgamated Financial from $42 to $46, citing updated assumptions around revenue growth, profit margins, discount rates, and future P/E multiples following recent price target increases from several research firms. Analyst Commentary Street research around Amalgamated Financial has centered on revised price targets and a fresh look at credit quality, all of which feeds directly into how analysts are thinking about valuation, earnings power, and execution risk.Narrative Update • Apr 30
AMAL: Credit Discipline And Buybacks Will Shape Future Return Balance
Narrative Update on Amalgamated Financial The updated analyst price target for Amalgamated Financial moves to $44 from $41, a $3 change, as analysts point to adjusted assumptions around revenue growth, profit margins, and future P/E. Recent research also highlights both the bank's return profile and its ongoing attention to credit quality in areas such as rent-regulated multifamily and consumer solar.Narrative Update • Apr 16
AMAL: Credit Execution And Payout Decisions Will Shape Balanced Return Outlook
Narrative Update on Amalgamated Financial The updated analyst price target for Amalgamated Financial is $41, up from $33. Analysts highlight a solid return profile while monitoring credit trends following stress in rent regulated multifamily and consumer solar in 2025.Narrative Update • Apr 02
AMAL: Strong Returns And Credit Repair Will Shape Future Capital Returns
Analysts have recently lifted their price target on Amalgamated Financial to $41, a $3 change, citing the bank's strong return profile while watching for progress on credit after recent stress in rent-regulated multifamily and consumer solar exposures. Analyst Commentary Bullish Takeaways Bullish analysts highlight Amalgamated Financial's strong return profile as a key support for the new US$41 price target, suggesting the business model is currently backing the valuation case.Narrative Update • Mar 18
AMAL: Credit Risk Resolution And Capital Returns Will Drive Future Upside
Analysts have nudged their fair value estimate for Amalgamated Financial higher to $42.00 from $40.50, citing a solid return profile and balanced views on credit after recent stress in rent regulated multifamily and consumer solar. Analyst Commentary Bullish Takeaways Bullish analysts see the higher fair value estimates and price targets, such as US$41, as aligned with what they describe as a solid return profile for Amalgamated Financial.Narrative Update • Mar 04
AMAL: Buybacks And Dividend Raise Will Support Future Earnings Repricing
Analysts have raised their price target on Amalgamated Financial by $7, citing updated assumptions around revenue growth, profit margins, and future P/E that are reflected in the latest model revisions. Analyst Commentary Recent research updates show bullish analysts becoming more constructive on Amalgamated Financial’s risk and reward profile, with the latest $7 price target adjustment reflecting refreshed views on earnings power and valuation.Narrative Update • Feb 18
AMAL: Buybacks And Dividend Raise Will Support Earnings While Rate Sensitivity Remains
Narrative Update on Amalgamated Financial The analyst price target for Amalgamated Financial has been reset from $36.00 to $43.00. Analysts point to updated assumptions around revenue growth, profit margins, and future P/E expectations to support the higher valuation framework.Narrative Update • Feb 04
AMAL: Future P/E Reassessment And Capital Returns Will Shape Returns
Analysts have raised their price target on Amalgamated Financial to $40.50 from $33.00, reflecting updated views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions informed by recent research. Analyst Commentary Recent research behind the move to a US$40.50 price target focuses on how Amalgamated Financial is executing on its existing plan, the quality of its earnings profile, and what a reasonable P/E range might look like for the stock.Narrative Update • Jan 21
AMAL: Future Dividend And Earnings Guidance Will Shape Balanced Return Outlook
Analysts have revised their price target for Amalgamated Financial to $33 from $27, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E expectations. What's in the News The Board of Directors authorized a $0.03 increase in the quarterly dividend to $0.17 per common share, payable on February 19, 2026, for stockholders of record on February 3, 2026 (Dividend Increases).Narrative Update • Jan 07
AMAL: Guidance And Buybacks Will Support Earnings While Rate Sensitivity Remains
Analysts have nudged their price target on Amalgamated Financial to $36.00, citing updated assumptions around slightly higher expected revenue growth, a marginally lower discount rate, and a modestly lower projected future P/E multiple and profit margin. What's in the News Amalgamated Financial raised its full year 2025 core pretax pre provision earnings guidance to a range of $164 million to $165 million, and tightened its 2025 net interest income guidance to $295 million to $296 million, based on the 2025 forward rate curve (company guidance).Narrative Update • Dec 14
AMAL: Guidance And Buybacks Will Support Earnings Despite Rate Cut Sensitivity
Analysts have trimmed their price target on Amalgamated Financial by approximately 8 percent to about $36, citing slightly slower expected revenue growth, modestly lower profit margins, and a marginally higher discount rate. Together, these factors temper the valuation outlook despite stable forward earnings multiples.Narrative Update • Aug 06
ESG Banking And Digital Modernization Will Boost Future Value
The decrease in Amalgamated Financial’s consensus price target reflects a combination of a lower future P/E ratio and a higher discount rate, indicating tempered growth expectations and increased risk, resulting in a revised fair value of $33.00. What's in the News Repurchased 401,000 shares (1.31%) for $12.02 million, completing announced buyback.Seeking Alpha • Mar 25
Amalgamated Financial: Margin To Lift Earnings, Buy
Summary While Amalgamated Financial's commercial loan segments will suffer because of an uncertain business environment, solar loans will likely continue to surge. The management is planning to fund loan growth by liquidating securities. This will shift the asset mix towards higher-yielding assets, thereby lifting the net interest margin. Due to the withdrawal of political deposits, the funding mix has worsened, which should hurt the margin in 1Q-2025. The situation will improve as political deposits are rebuilt. I'm maintaining a buy rating as AMAL is offering an expected price upside of 9.1% and a dividend yield of 1.9%. Read the full article on Seeking AlphaSeeking Alpha • Dec 30
Amalgamated Financial: Still Bullish After Terrific Upside
Summary Amalgamated Financial, focusing on mission-based customer segments, has seen significant growth in deposits, loans, and net interest income, making it a strong investment. Shares have risen 37.1% since May, outperforming the S&P 500, driven by improved margins, higher revenue, and strong asset quality. Despite shares not being as cheap as before, the bank's high-quality assets and attractive pricing relative to peers justify a 'soft buy' rating. With continued balance sheet growth and a solid return on equity, further upside for Amalgamated Financial is likely, warranting ongoing investment attention. Read the full article on Seeking AlphaSeeking Alpha • Oct 04
Amalgamated Financial: A Positive Outlook Due To Political Deposits And Organic Loan Growth
Summary Earnings will benefit this year from on and off-balance sheet political deposits. The residential mortgage segment will likely drive loan growth next year. It will counter the negative effect of interest rate cuts on the margin. I’m increasing my earnings estimate following the better-than-expected first-half results. The December 2025 target price suggests a small upside from the current market price. Additionally, AMAL is offering a dividend yield of 1.6%. Read the full article on Seeking Alpha
New Narrative • Sep 24
Mission-Driven Banking Strategy Boosts Deposits And Pioneers Climate Finance Growth
The mission-based banking model and focus on purpose-driven customers in specific sectors is enhancing deposit growth and net interest income.Seeking Alpha • May 23
Amalgamated Financial: Decent Enough
Summary Amalgamated Financial is a growing bank with a strong track record of rapid growth and high-quality assets. The bank offers a wide range of banking services, including loans, deposits, and investment management. While there are some risks, such as high uninsured deposit exposure, the bank's attractive valuation and solid performance make it a potential buy. Read the full article on Seeking AlphaAnalysis Article • Apr 27
Amalgamated Financial's (NASDAQ:AMAL) Upcoming Dividend Will Be Larger Than Last Year's
The board of Amalgamated Financial Corp. ( NASDAQ:AMAL ) has announced that it will be increasing its dividend by 20...Seeking Alpha • Feb 21
Amalgamated Financial: Earnings Outlook Remains Positive Thanks To Loans And Margin
Summary Planned changes in the balance sheet will likely boost Amalgamated Financial's net interest margin this year. 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. Read the full article on Seeking AlphaAnalysis Article • Jan 04
Here's Why We Think Amalgamated Financial (NASDAQ:AMAL) Is Well Worth Watching
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analysis Article • Oct 29
Amalgamated Financial (NASDAQ:AMAL) Is Due To Pay A Dividend Of $0.10
Amalgamated Financial Corp. ( NASDAQ:AMAL ) has announced that it will pay a dividend of $0.10 per share on the 24th of...Analysis Article • Jul 29
Amalgamated Financial (NASDAQ:AMAL) Is Due To Pay A Dividend Of $0.10
Amalgamated Financial Corp. ( NASDAQ:AMAL ) will pay a dividend of $0.10 on the 22nd of August. This means the annual...Analysis Article • Jul 19
If EPS Growth Is Important To You, Amalgamated Financial (NASDAQ:AMAL) Presents An Opportunity
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Shareholder Returns
| AMAL | US Banks | US Market | |
|---|---|---|---|
| 7D | -2.6% | -0.7% | -1.0% |
| 1Y | 67.8% | 17.9% | 14.1% |
Return vs Industry: AMAL exceeded the US Banks industry which returned 17.9% over the past year.
Return vs Market: AMAL exceeded the US Market which returned 14.1% over the past year.
Price Volatility
| AMAL volatility | |
|---|---|
| AMAL Average Weekly Movement | 3.2% |
| Banks Industry Average Movement | 3.1% |
| Market Average Movement | 6.9% |
| 10% most volatile stocks in US Market | 15.3% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: AMAL has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: AMAL's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1923 | 450 | Priscilla Brown | www.amalgamatedbank.com |
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 in the United States. It accepts various deposit products, including non-interest-bearing accounts, interest-bearing demand products, savings accounts, money market accounts, NOW accounts, time deposits, and certificates of deposit. The company also provides commercial and industrial, multifamily mortgage, commercial real estate, residential real estate mortgage, consumer solar, and consumer and other loans.
Amalgamated Financial Corp. Fundamentals Summary
| AMAL fundamental statistics | |
|---|---|
| Market cap | US$1.43b |
| Earnings (TTM) | US$113.42m |
| Revenue (TTM) | US$333.86m |
12.6x
P/E Ratio1.7x
P/B RatioIs AMAL overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| AMAL income statement (TTM) | |
|---|---|
| Revenue | US$333.86m |
| Cost of Revenue | US$0 |
| Gross Profit | US$333.86m |
| Other Expenses | US$220.44m |
| Earnings | US$113.42m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 3.79 |
| Gross Margin | 100.00% |
| Net Profit Margin | 33.97% |
| Debt/Equity Ratio | 8.4% |
How did AMAL perform over the long term?
See historical performance and comparisonDividends
1.4%
Current Dividend Yield17%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/13 01:29 |
| End of Day Share Price | 2026/09/11 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Amalgamated Financial Corp. is covered by 6 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jason Goldberg | Barclays |
| Steven Alexopoulos | J.P. Morgan |
| David Konrad | Keefe, Bruyette, & Woods |