KBW analyst Christopher O’Connell maintained a Buy rating on Amalgamated Bank (AMAL – Research Report) yesterday and set a price target of $31.00. The company’s shares closed yesterday at $25.58.
According to TipRanks, O’Connell is a 4-star analyst with an average return of 22.7% and a 73.08% success rate. O’Connell covers the Financial sector, focusing on stocks such as Kearny Financial, Lakeland Bancorp, and Amalgamated Bank.
Amalgamated Bank has an analyst consensus of Strong Buy, with a price target consensus of $27.00.
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AMAL market cap is currently $810M and has a P/E ratio of 9.13.
Based on the recent corporate insider activity of 32 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. Reports Fourth Quarter 2023 Financial Results: $170.8 Million Deposit Growth Excluding Brokered CDs; Net Interest Margin Rises to 3.44%
- Amalgamated Financial Corp. Declares Regular Quarterly Dividend
- Amalgamated Bank (AMAL) Q4 Earnings Cheat Sheet
- Amalgamated Financial Corp. Announces Fourth Quarter and Full Year 2023 Earnings Conference Call
- Amalgamated Financial price target raised to $32 from $29 at JPMorgan
