Analysts expect Amalgamated Bank (NASDAQ:AMAL) to post $0.34 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Amalgamated Bank’s earnings. The highest EPS estimate is $0.35 and the lowest is $0.33. The company is scheduled to announce its next earnings results on Monday, December 24th.

According to Zacks, analysts expect that Amalgamated Bank will report full-year earnings of $1.36 per share for the current fiscal year, with EPS estimates ranging from $1.35 to $1.37. For the next financial 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’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover Amalgamated Bank.

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

Several equities research analysts have recently commented on the company. Sandler O’Neill assumed coverage on Amalgamated Bank in a report on Tuesday, September 4th. They issued a “buy” rating and a $21.00 price objective for the company. Piper Jaffray Companies assumed coverage on Amalgamated Bank in a report on Tuesday, September 4th. They issued a “neutral” rating and a $19.50 price objective for the company. Keefe, Bruyette & Woods assumed coverage on Amalgamated Bank in a report on Tuesday, September 4th. They issued a “market perform” rating and a $19.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on Amalgamated Bank in a report on Tuesday, September 4th. They issued an “overweight” rating and a $21.00 price objective for the company. Finally, Barclays started coverage on Amalgamated Bank in a report on Wednesday, September 5th. They issued an “overweight” rating and a $20.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $20.10.

Shares of NASDAQ AMAL traded up $0.06 during trading hours on Friday, hitting $18.92. The company had a trading volume of 11,266 shares, compared to its average volume of 249,136. Amalgamated Bank has a 1-year low of $13.25 and a 1-year high of $19.62.

About Amalgamated Bank

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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