Amalgamated Financial Corp. has added two new board members, Steven SaLoutos and Tony Wells, who bring extensive experience in banking, executive leadership, and community development to strengthen the company's strategic perspectives.

Amalgamated Financial Corp. announced that its Board of Directors has declared a regular dividend of $0.14 per share, payable on May 22, 2025, to stockholders of record on May 6, 2025.

Amalgamated Financial Corp. (AMAL) announced a 17% increase in its quarterly dividend to $0.14 per share, payable on February 27, 2025, to stockholders of record on February 11, 2025.

The Federal Reserve's 50 basis point rate cut has set the stage for a notable shift in the banking sector, particularly among mid- and small-cap banks. Analysts see this as a crucial inflection point, with lower rates expected to boost banks' net interest margins and reignite commercial loan demand.

Euronet's Ria Money Transfer has partnered with PLS Financial Services to expand its money transfer services in the United States, providing real-time account deposits and access to mobile wallets globally. This move aligns with the growing demand for economic and competitive money transfer services.

4 analysts have expressed a variety of opinions on Amalgamated Financial (NASDAQ:AMAL) over the past quarter, offering a diverse set of opinions from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 4 0 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 3 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $30.25, a high estimate of $32.50, and a low estimate of $29.00. Observing a downward trend, the current average is 2.8% lower than the prior average price target of $31.12. Breaking Down Analyst Ratings: A Detailed Examination A clear picture of Amalgamated Financial's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets. Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target Steven Alexopoulos JP Morgan Raises Overweight $32.50 $31.50 Alex Twerdahl Piper Sandler Raises Overweight $29.00 $28.00 Christopher O'Connell Keefe, Bruyette & Woods Lowers Outperform $30.00 $32.00 Steven Alexopoulos JP Morgan Lowers Overweight $29.50 $33.00 Key Insights: Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it ...Full story available on Benzinga.com

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

NEW YORK, May 15, 2024 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) announced that the Company has extended its commitment to invest in Residential Property Assessed Clean Energy (“R-PACE”) assessments through its ongoing partnership with Home Run Finance (“HRF”). Amalgamated’s commitment provides an additional $85 million of capital to fund R-PACE assessments originated by HRF.

Three Additional Developments Expected to Reach Mechanical Completion by the end of Third Quarter 2024 Three Additional Developments Expected to Reach Mechanical Completion by the end of Third Quarter 2024

Although the revenue and EPS for Amalgamated Financial (AMAL) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Amalgamated Financial (AMAL) delivered earnings and revenue surprises of 15.28% and 3.30%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?