Amalgamated Financial Corp (NASDAQ: AMAL) is 7.86% higher on its value in year-to-date trading and has touched a low of $21.33 and a high of $38.19 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AMAL stock was last observed hovering at around $35.30 in the last trading session, with the day’s gains setting it 0.8%.
Currently trading at $36.10, the stock is 6.84% and 3.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing 2.27% at the moment leaves the stock 20.26% off its SMA200. AMAL registered 44.17% gain for a year compared to 6-month gain of 15.82%. The firm has a 50-day simple moving average (SMA 50) of $34.9914 and a 200-day simple moving average (SMA200) of $30.0185.
The stock witnessed a 1.78% loss in the last 1 month and extending the period to 3 months gives it a 4.58%, and is 11.21% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.54% over the week and 2.80% over the month.
Amalgamated Financial Corp (AMAL) has around 425 employees, a market worth around $1.11B and $429.16M in sales. Current P/E ratio is 10.62 and Fwd P/E is 10.34. Profit margin for the company is 24.38%. Distance from 52-week low is 69.28% and -5.47% from its 52-week high. The company has generated returns on investments over the last 12 months (14.58%).
with sales reaching $82.92M over the same period.The EPS is expected to grow by 23.98% this year, but quarterly earnings will post 13.36% year-over-year. Quarterly sales are estimated to grow 9.37% in year-over-year returns.
Amalgamated Financial Corp (AMAL) Top Institutional Holders
256.0 institutions hold shares in Amalgamated Financial Corp (AMAL), with institutional investors hold 97.23% of the company’s shares. The shares outstanding are 30.66M, and float is at 18.68M with Short Float at 5.08%. Institutions hold 58.62% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 2.88 million shares valued at $79.05 million. The investor’s holdings represent 9.4664% of the AMAL Shares outstanding. As of 2024-06-30, the second largest holder is ADAGE CAPITAL PARTNERS GP, L.L.C. with 1.53 million shares valued at $42.0 million to account for 5.0295 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 1.22 million shares representing 4.002% and valued at over $33.42 million, while DIMENSIONAL FUND ADVISORS LP holds 3.7984 of the shares totaling 1.16 million with a market value of $31.72 million.
Amalgamated Financial Corp (AMAL) Insider Activity
The most recent transaction is an insider sale by Brown Sam D., the company’s SEVP, Chief Banking Officer. SEC filings show that Brown Sam D. sold 8,269 shares of the company’s common stock on Jan 02 ’25 at a price of $33.41 per share for a total of $0.28 million. Following the sale, the insider now owns 36045.0 shares.
Still, SEC filings show that on Nov 19 ’24, Western States Regional Joint (10% Owner) disposed off 47,607 shares at an average price of $35.08 for $1.67 million. The insider now directly holds 7,195,816 shares of Amalgamated Financial Corp (AMAL).
