Amalgamated Bank (AMAL) to Release Quarterly Earnings on Monday

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Amalgamated Bank (NASDAQ:AMAL) will issue its quarterly earnings data before the market opens on Monday, October 28th. Analysts expect the company to announce earnings of $0.38 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Amalgamated Bank (NASDAQ:AMAL) last announced its earnings results on Monday, July 29th. The company reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. The business had revenue of $48.21 million during the quarter, compared to analyst estimates of $49.15 million. On average, analysts expect Amalgamated Bank to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of AMAL opened at $17.39 on Monday. The company has a market capitalization of $552.82 million, a P/E ratio of 12.78 and a beta of 0.34. Amalgamated Bank has a one year low of $14.58 and a one year high of $22.97. The business’s 50 day simple moving average is $16.15 and its 200-day simple moving average is $16.56.

Several brokerages have recently commented on AMAL. Zacks Investment Research downgraded Amalgamated Bank from a “hold” rating to a “strong sell” rating in a report on Monday, September 30th. Barclays reduced their target price on Amalgamated Bank from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. Finally, ValuEngine raised Amalgamated Bank from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

Amalgamated Bank Company Profile

Amalgamated Bank, together with its subsidiaries, provides commercial banking and retail banking products and services in the United States. The company offers deposit products, including time deposits, non-interest and interest-bearing demand accounts, savings and money market accounts, NOW accounts, and certificates of deposit.

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Earnings History for Amalgamated Bank (NASDAQ:AMAL)

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