Brokerages Expect Amalgamated Bank (AMAL) Will Post Earnings of $0.34 Per Share
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.
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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