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 $30.00. The company’s shares closed yesterday at $23.89.
According to TipRanks, O’Connell is a 3-star analyst with an average return of 7.4% and a 56.82% success rate. O’Connell covers the Financial sector, focusing on stocks such as Dime Community Bancshares, Lakeland Bancorp, and The First Of Long Island.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Amalgamated Bank with a $29.83 average price target.
AMAL market cap is currently $703M and has a P/E ratio of 8.07.
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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 Q1 Earnings Call and Webcast Details
- Amalgamated Financial raises quarterly dividend 20% to 12c per share
- CORRECTION: Amalgamated Financial Corp. Announces a 20% Quarterly Dividend Increase
- Amalgamated Financial increases quarterly dividend 50% to 15c per share
- Amalgamated Bank Announces Upcoming Quarterly Dividend
