Amalgamated Bank (AMAL) AI Stock Analysis

• Market Cap: $1.00B
• Dividend Yield: 1.7%
• Average Volume (3M): 189.63K
• Price to Earnings (P/E): 9.7
• Beta (1Y): 1.04
• Revenue Growth: 10.80%
• EPS Growth: 10.48%
• Country: US
• Employees: 429
• Sector: Financial
• Sector Strength: 82
• Industry: Banks - Regional
• EPS (TTM): 0.88
• Shares Outstanding: 30,589,730
• 10 Day Avg. Volume: 258,310
• 30 Day Avg. Volume: 189,625
• PEG Ratio: 0.16
• Price to Book (P/B): 1.40
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 4.87
• Enterprise Value/Market Cap: 1.34
• Enterprise Value/Revenue: 0.87
• Enterprise Value/Gross Profit: 3.62
• Enterprise Value/Ebitda: 6.42
• 1Y Price Target: $39.00
• Price Target Upside: 16.94% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 77 Outperform
• Price Target: $36.00 ▲(7.95%Upside)

Amalgamated Bank demonstrates strong financial health and positive technical indicators. Despite some operational challenges noted in the earnings call, the bank's strategic initiatives and solid valuation provide a stable outlook.

Amalgamated Bank Business Overview & Revenue Model

Company Description

Amalgamated Financial Corp. operates as the bank holding company for Amalgamated Bank that provides commercial and retail banking, investment management, and trust and custody services for commercial and retail customers in the United States. The company accepts various deposit products, including non-interest bearing accounts, interest-bearing demand products, savings accounts, money market accounts, NOW accounts, and certificates of deposit. It also provides various commercial loans comprising commercial and industrial, multifamily mortgage, and commercial real estate loans; and retail loans, such as residential real estate, and consumer and other loans. In addition, the company offers online banking, bill payment, online cash management, and safe deposit box rental services; debit and ATM cards; and trust, custody, and investment management services comprising asset safekeeping, corporate actions, income collections, proxy, account transition, asset transfers, and conversion management services. Further, it provides investment products, such as equity, fixed-income, real estate, and alternative investment products; and brokerage, asset management, and insurance products. The company operates through its three branch offices across New York City, one branch office in Washington, D.C., one branch office in San Francisco, one commercial office in Boston, and digital banking platform. Amalgamated Financial Corp. was founded in 1923 and is headquartered in New York, New York.

How the Company Makes Money

Amalgamated Bank generates revenue primarily through interest income and non-interest income. Interest income is derived from loans extended to consumers and businesses, including mortgages, commercial loans, and lines of credit. Non-interest income is generated from fees and service charges related to banking products, such as account maintenance fees, transaction fees, and investment management fees. Additionally, Amalgamated Bank benefits from strategic partnerships with organizations and initiatives aligned with its values, which enhance its brand reputation and contribute to customer growth. The bank also invests in a diversified portfolio of securities, which provides another stream of income through interest and dividends.

Amalgamated Bank Financial Statement Overview

Summary

Amalgamated Bank demonstrates strong financial performance with significant revenue growth, a robust balance sheet, and effective equity utilization. The zero-debt position enhances financial stability, although the volatility in investing cash flow requires attention.

Income Statement

Amalgamated Bank shows a robust revenue growth of 46.2% from 2023 to 2024, indicating strong business expansion. The gross profit margin remains consistent, reflecting efficient cost management. However, the net profit margin of 26.5% suggests room for improvement in operational efficiency to convert revenue into profit.

Balance Sheet

The balance sheet is strong with a high equity ratio of 8.6%, indicating financial stability. The absence of debt in 2024 enhances the company's leverage position, reducing the financial risk. The return on equity of 15% in 2024 signifies effective use of shareholders' equity to generate profits.

Cash Flow

Operating cash flow shows a steady increase, supporting the company's liquidity position. The free cash flow to net income ratio is favorable, indicating good cash generation relative to net income. However, the volatile investing cash flow could suggest substantial capital investments or asset sales.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	316.48M	274.58M	266.51M	202.54M	213.21M
Gross Profit	316.48M	274.58M	266.51M	202.54M	213.21M
EBITDA	0.00	0.00	112.76M	75.57M	69.51M
Net Income	106.43M	87.98M	81.48M	52.94M	46.19M
Balance Sheet
Total Assets	8.26B	7.97B	7.84B	7.08B	5.98B
Cash, Cash Equivalents and Short-Term Investments	4.04M	90.17M	1.88B	2.44B	1.58B
Total Debt	334.14M	335.57M	698.49M	133.16M	53.17M
Total Liabilities	7.55B	7.39B	7.33B	133.16M	53.17M
Stockholders Equity	707.65M	585.23M	508.82M	563.74M	535.69M
Cash Flow
Free Cash Flow	122.29M	115.75M	145.65M	68.14M	64.16M
Operating Cash Flow	124.06M	117.22M	147.32M	70.54M	65.77M
Investing Cash Flow	-315.95M	-134.41M	-1.20B	-865.41M	-755.14M
Financing Cash Flow	162.06M	44.21M	788.22M	1.09B	605.60M

Amalgamated Bank Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 33.35
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AMAL, the sentiment is Positive. The current price of 33.35 is above the 20-day moving average (MA) of 30.77, above the 50-day MA of 30.11, and above the 200-day MA of 31.89, indicating a bullish trend. The MACD of 0.52 indicates Negative momentum. The RSI at 68.21 is Neutral, neither overbought nor oversold. The STOCH value of 87.43 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AMAL.

Amalgamated Bank Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CTBI	79 Outperform	$1.02B	11.73	11.54%	3.41%	12.27%	10.88%
AMAL	77 Outperform	$1.00B	9.74	15.41%	1.70%	10.80%	10.48%
CNOB	73 Outperform	$1.26B	13.64	6.21%	2.91%	2.27%	-2.50%
SBSI	72 Outperform	$942.68M	10.72	11.03%	4.68%	9.34%	8.12%
UVSP	69 Neutral	$904.24M	11.75	8.93%	2.81%	7.16%	12.20%
Sector *	67 Neutral	$17.01B	11.90	9.70%	3.76%	11.63%	-9.47%
TMP	56 Neutral	$945.17M	12.70	10.45%	3.79%	37.59%	969.87%

Amalgamated Bank Corporate Events

Amalgamated Bank Expands Board with Two New Appointments

On July 1, 2025, Amalgamated Financial Corp. announced the expansion of its Board of Directors from eleven to thirteen members, appointing Steven SaLoutos and Royce Anthony Wells to fill the new positions. Both bring decades of experience in banking and other regulated industries, with SaLoutos serving as CFO of ProSight Financial Association and Wells as a Venture Partner at AZ-VC. Their appointments are expected to enhance the board’s strategic capabilities and align with Amalgamated’s focus on profitability and social impact. The new directors will receive compensation in the form of restricted stock units, which vest after one year.

The most recent analyst rating on (AMAL) stock is a Hold with a $38.00 price target. To see the full list of analyst forecasts on Amalgamated Bank stock, see the AMAL Stock Forecast page.

Amalgamated Bank Holds Annual Stockholders Meeting

On May 21, 2025, Amalgamated Financial Corp. held its Annual Meeting of Stockholders, where 91.22% of the total outstanding shares were represented. During the meeting, stockholders voted to elect 11 directors, approved the compensation of the company’s executive officers, and ratified Crowe LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025.

The most recent analyst rating on (AMAL) stock is a Hold with a $38.00 price target. To see the full list of analyst forecasts on Amalgamated Bank stock, see the AMAL Stock Forecast page.

Amalgamated Bank Reports Strong Q1 2025 Financial Results

Amalgamated Financial Corp. announced its first quarter 2025 financial results, highlighting a net income of $25.0 million and a total deposit growth of $446 million. The company reported a strong net interest margin of 3.55% and a Common Equity Tier 1 Capital Ratio of 14.27%. The earnings call revealed strategic financial maneuvers, including a $3.5 million share repurchase and a new $40 million share repurchase program. These results underscore Amalgamated’s robust financial health and strategic positioning in the market, with implications for continued growth and stability for stakeholders.

Amalgamated Bank Declares Quarterly Dividend Announcement

On April 22, 2025, Amalgamated Financial Corp. announced that its Board of Directors declared a quarterly dividend of $0.14 per share, payable on May 22, 2025, to shareholders of record as of May 6, 2025. This decision reflects the company’s ongoing commitment to providing returns to its shareholders and may impact its financial positioning by reinforcing investor confidence and potentially influencing market perceptions.