In a report released today, Alexander Twerdahl from Piper Sandler reiterated a Buy rating on Amalgamated Bank (AMAL – Research Report), with a price target of $30.00. The company’s shares closed yesterday at $25.58.
According to TipRanks, Twerdahl is a 5-star analyst with an average return of 11.1% and a 62.31% success rate. Twerdahl covers the Financial sector, focusing on stocks such as Amalgamated Bank, Arrow Financial, and Bar Harbor Bankshares.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Amalgamated Bank with a $31.00 average price target, implying a 21.19% upside from current levels. In a report released yesterday, KBW also maintained a Buy rating on the stock with a $31.00 price target.
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AMAL market cap is currently $777.5M and has a P/E ratio of 8.94.
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 Bank Earnings Call and Webcast Announcement
- 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 reports Q4 core EPS 72c, consensus 72c
- Amalgamated Financial Corp. Declares Regular Quarterly Dividend
- Amalgamated Bank (AMAL) Q4 Earnings Cheat Sheet
