Amalgamated Financial: A Positive Outlook Due To Political Deposits And Organic Loan Growth [Seeking Alpha]
Amalgamated Financial Corp. (AMAL)
Last amalgamated financial corp. earnings: 4/30 06:25 am
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US:NASDAQ Investor Relations:
amalgamatedbank.com/contact/investor-relations
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Source: Seeking Alpha
Play 11min Summary Earnings will benefit this year from on and off-balance sheet political deposits. The residential mortgage segment will likely drive loan growth next year. It will counter the negative effect of interest rate cuts on the margin. I'm increasing my earnings estimate following the better-than-expected first-half results. The December 2025 target price suggests a small upside from the current market price. Additionally, AMAL is offering a dividend yield of 1.6%. SDI Productions/E+ via Getty Images Earnings of Amalgamated Financial Corp. ( NASDAQ: AMAL ) will likely surge this year, partly because of political deposits. Next year, earnings will likely remain stable as organic loan growth will make up for margin pressure. Overall, I'm expecting the company to report earnings of $3.42 per share for 2024, up 19.8%. Compared to my last report on the company, I've increased my earnings estimate because I've raised my non-interest income estimate and reduced m
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AMAL
News
- Is Amalgamated Financial (AMAL) Stock Outpacing Its Finance Peers This Year? [Yahoo! Finance]Yahoo! Finance
- Here's Why Amalgamated Financial (AMAL) is a Great Momentum Stock to Buy [Yahoo! Finance]Yahoo! Finance
- Amalgamated Financial And Two Other Undiscovered Gems To Consider In The United States [Yahoo! Finance]Yahoo! Finance
- Should You Buy Amalgamated Financial Corp. (NASDAQ:AMAL) For Its Upcoming Dividend? [Yahoo! Finance]Yahoo! Finance
- Amalgamated Financial Third Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
AMAL
Earnings
- 10/24/24 - Beat
AMAL
Sec Filings
- 11/21/24 - Form 4
- 11/21/24 - Form 4
- 11/18/24 - Form 4
- AMAL's page on the SEC website