Amalgamated Bank, together with its subsidiaries, operates as a commercial bank and a chartered trust company in the United States. More Details
Undervalued with excellent balance sheet.
Share Price & News
How has Amalgamated Bank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: AMAL has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: AMAL underperformed the US Banks industry which returned -26.7% over the past year.
Return vs Market: AMAL underperformed the US Market which returned 17.8% over the past year.
Price Volatility Vs. Market
How volatile is Amalgamated Bank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StHave Insiders Been Buying Amalgamated Bank (NASDAQ:AMAL) Shares?
2 months ago | Simply Wall StAmalgamated Bank's (NASDAQ:AMAL) Stock Price Has Reduced24% In The Past Year
3 months ago | Simply Wall StShould Amalgamated Bank (NASDAQ:AMAL) Be Part Of Your Dividend Portfolio?
Is Amalgamated Bank undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AMAL ($11.88) is trading below our estimate of fair value ($20.35)
Significantly Below Fair Value: AMAL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AMAL is good value based on its PE Ratio (8.3x) compared to the US Banks industry average (10.3x).
PE vs Market: AMAL is good value based on its PE Ratio (8.3x) compared to the US market (19.1x).
Price to Earnings Growth Ratio
PEG Ratio: AMAL is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: AMAL is good value based on its PB Ratio (0.7x) compared to the US Banks industry average (0.8x).
How is Amalgamated Bank forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AMAL's forecast earnings growth (6% per year) is above the savings rate (2.2%).
Earnings vs Market: AMAL's earnings (6% per year) are forecast to grow slower than the US market (22.1% per year).
High Growth Earnings: AMAL's earnings are forecast to grow, but not significantly.
Revenue vs Market: AMAL's revenue (2% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: AMAL's revenue (2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AMAL's Return on Equity is forecast to be low in 3 years time (7.9%).
How has Amalgamated Bank performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AMAL has high quality earnings.
Growing Profit Margin: AMAL's current net profit margins (23.7%) are lower than last year (25.5%).
Past Earnings Growth Analysis
Earnings Trend: AMAL's earnings have grown significantly by 44.1% per year over the past 5 years.
Accelerating Growth: AMAL's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: AMAL had negative earnings growth (-4.9%) over the past year, making it difficult to compare to the Banks industry average (-4%).
Return on Equity
High ROE: AMAL's Return on Equity (9%) is considered low.
How is Amalgamated Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: AMAL's Assets to Equity ratio (12.8x) is moderate.
Allowance for Bad Loans: AMAL has a low allowance for bad loans (68%).
Low Risk Liabilities: 98% of AMAL's liabilities are made up of primarily low risk sources of funding.
Loan Level: AMAL has an appropriate level of Loans to Assets ratio (56%).
Low Risk Deposits: AMAL's Loans to Deposits ratio (62%) is appropriate.
Level of Bad Loans: AMAL has an appropriate level of bad loans (2%).
What is Amalgamated Bank current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AMAL's dividend (2.69%) is higher than the bottom 25% of dividend payers in the US market (1.63%).
High Dividend: AMAL's dividend (2.69%) is low compared to the top 25% of dividend payers in the US market (4.56%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, AMAL has been paying a dividend for less than 10 years.
Growing Dividend: AMAL's dividend payments have increased, but the company has only paid a dividend for 2 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (20.9%), AMAL's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AMAL's dividends in 3 years are forecast to be well covered by earnings (25% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Keith Mestrich (53 yo)
Mr. Keith R. Mestrich is President and Chief Executive Officer of Amalgamated Bank since 2014 also serves as its Director. He has experience in the finance, many of those assisting the Bank’s core constitu ...
CEO Compensation Analysis
Compensation vs Market: Keith's total compensation ($USD2.31M) is about average for companies of similar size in the US market ($USD1.93M).
Compensation vs Earnings: Keith's compensation has been consistent with company performance over the past year.
|Senior Executive VP & CFO||5.5yrs||US$891.22k||0.074% |
|Senior EVP & COO||4.75yrs||US$744.81k||0.0038% |
|Chief Accounting Officer||2.67yrs||no data||0.0085% |
|Acting Chief Information Officer||0.083yr||no data||no data|
|Executive VP & General Counsel||5.75yrs||no data||0.0040% |
|Chief Marketing Officer & Executive VP||4.17yrs||no data||no data|
|Senior VP & Director of Human Resources||1.75yrs||no data||no data|
|Senior Managing Director of Quantitative Management of Prudential Investments||no data||no data||no data|
|Managing Director of U S Corporate Sector and Portfolio Manager of Prudential Investments||no data||no data||no data|
|Managing Director of Quantitative Management - Prudential Investments||no data||no data||no data|
|Senior VP & Chief Investment Management Operations Officer||no data||no data||no data|
Experienced Management: AMAL's management team is considered experienced (4.5 years average tenure).
|Independent Director||8.67yrs||US$117.00k||0.0039% |
|Independent Director||2.17yrs||US$103.00k||0.0039% |
|Independent Director||6.08yrs||US$122.00k||0.0048% |
|Independent Director||9.17yrs||US$111.00k||0.0032% |
|Independent Director||2.17yrs||US$102.00k||0.026% |
|Independent Director||2.42yrs||US$93.00k||0.099% |
|Independent Director||5.58yrs||US$93.00k||0.0032% |
|Chairman of the Board||4.42yrs||US$135.00k||0.0042% |
|Independent Director||7.75yrs||US$102.00k||0.0097% |
Experienced Board: AMAL's board of directors are considered experienced (6.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Amalgamated Bank's company bio, employee growth, exchange listings and data sources
- Name: Amalgamated Bank
- Ticker: AMAL
- Exchange: NasdaqGM
- Founded: 1923
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$368.868m
- Shares outstanding: 31.05m
- Website: https://www.amalgamatedbank.com
Number of Employees
- Amalgamated Bank
- 275 Seventh Avenue
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AMAL||NasdaqGM (Nasdaq Global Market)||Yes||Class A Common Stock||US||USD||Jun 2018|
Amalgamated Bank, together with its subsidiaries, operates as a commercial bank and a chartered trust company in the United States. The company offers deposit products, including non-interest and interest- ...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/10/26 05:15|
|End of Day Share Price||2020/10/23 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.