In a report released yesterday, Christopher O’Connell from KBW maintained a Buy rating on Amalgamated Bank (AMAL – Research Report), with a price target of $26.00. The company’s shares closed today at $21.98.
According to TipRanks, O’Connell is a 4-star analyst with an average return of 11.5% and a 54.55% success rate. O’Connell covers the Financial sector, focusing on stocks such as Cambridge Bancorp, Kearny Financial, and Amalgamated Bank.
Amalgamated Bank has an analyst consensus of Moderate Buy, with a price target consensus of $24.33, implying a 10.69% upside from current levels. In a report released yesterday, Piper Sandler also assigned a Buy rating to the stock with a $23.00 price target.
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AMAL market cap is currently $638.3M and has a P/E ratio of 7.19.
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.
Read More on AMAL:
- Amalgamated Financial Corp. Appoints Julieta Ross and Scott Stoll to its Board of Directors
- Amalgamated Financial Corp. Reports Third Quarter 2023 Financial Results; Stable Net Interest Margin at 3.29%, Deposit growth excluding Brokered CDs of $172.8 million
- Amalgamated Financial reports Q3 core EPS 76c, consensus 70c
- Amalgamated Financial Corp. Declares Regular Quarterly Dividend
- Amalgamated Financial Corp. Announces Third Quarter 2023 Earnings Conference Call
