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Piper Sandler Keeps Their Buy Rating on Amalgamated Bank (AMAL)
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Piper Sandler Keeps Their Buy Rating on Amalgamated Bank (AMAL)

In a report released today, Alexander Twerdahl from Piper Sandler maintained a Buy rating on Amalgamated Bank (AMALResearch Report), with a price target of $23.00. The company’s shares closed yesterday at $20.71.

Twerdahl covers the Financial sector, focusing on stocks such as Northeast Bancorp, Bar Harbor Bankshares, and Community Bank System. According to TipRanks, Twerdahl has an average return of 9.3% and a 60.80% success rate on recommended stocks.

Amalgamated Bank has an analyst consensus of Moderate Buy, with a price target consensus of $23.67.

See the top stocks recommended by analysts >>

AMAL market cap is currently $624.9M and has a P/E ratio of 7.01.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AMAL in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Amalgamated Bank (AMAL) Company Description:

Amalgamated Bank provides commercial banking services. The firm offers checking, savings, certificates of deposit, money market, and individual retirement accounts, home equity lines of credit options, mortgages, personal loans and lines of credit options. The company was founded in 1923 and is headquartered in New York, NY.

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