Zacks: Analysts Anticipate Amalgamated Bank (AMAL) Will Announce Earnings of $0.34 Per Share

Brokerages predict that Amalgamated Bank (NASDAQ:AMAL) will report earnings of $0.34 per share for the current quarter, Zacks reports. Three analysts have made estimates for Amalgamated Bank’s earnings. The lowest EPS estimate is $0.33 and the highest is $0.35. The company is expected to issue its next earnings report on Monday, December 24th.

On average, analysts expect that Amalgamated Bank will report full-year earnings of $1.36 per share for the current financial year, with EPS estimates ranging from $1.35 to $1.37. For the next fiscal year, analysts forecast that the firm will report earnings of $1.41 per share, with EPS estimates ranging from $1.35 to $1.48. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Amalgamated Bank.

Amalgamated Bank (NASDAQ:AMAL) last posted its quarterly earnings results on Monday, September 24th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. The company had revenue of $42.90 million for the quarter, compared to analyst estimates of $42.23 million.

AMAL has been the subject of several research reports. Sandler O’Neill initiated coverage on shares of Amalgamated Bank in a report on Tuesday, September 4th. They set a “buy” rating and a $21.00 price target for the company. Keefe, Bruyette & Woods initiated coverage on shares of Amalgamated Bank in a report on Tuesday, September 4th. They set a “market perform” rating and a $19.00 price target for the company. Piper Jaffray Companies initiated coverage on shares of Amalgamated Bank in a report on Tuesday, September 4th. They set a “neutral” rating and a $19.50 price target for the company. Raymond James initiated coverage on shares of Amalgamated Bank in a report on Friday, September 7th. They set an “outperform” rating for the company. Finally, Barclays initiated coverage on shares of Amalgamated Bank in a report on Wednesday, September 5th. They set an “overweight” rating and a $20.00 price target for the company. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $20.10.

Shares of AMAL stock traded up $0.06 during trading on Friday, hitting $18.92. 11,266 shares of the company were exchanged, compared to its average volume of 249,136. Amalgamated Bank has a twelve month low of $13.25 and a twelve month high of $19.62.

Amalgamated Bank Company Profile

Amalgamated Bank provides personal and commercial banking products and services to working families, unions, commercial real estate industries, healthcare markets, institutional investors, law firms, non-profits, and political organizations in the United States. The company offers checking, savings, certificates of deposit, money market, and individual retirement accounts; home equity lines of credit options, mortgages, and personal loans and lines of credit options; and commercial loans (lines of credit, letters of credit, and term loans).

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Earnings History and Estimates for Amalgamated Bank (NASDAQ:AMAL)

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