Amalgamated Bank, together with its subsidiaries, provides commercial banking and retail banking products and services in the United States.
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 12.1% over the past year.
Return vs Market: AMAL underperformed the US Market which returned 20.1% 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
3 days ago | Simply Wall StWhy You Might Be Interested In Amalgamated Bank (NASDAQ:AMAL) For Its Upcoming Dividend
1 week ago | Simply Wall StHere's What Amalgamated Bank's (NASDAQ:AMAL) P/E Ratio Is Telling Us
2 months ago | Simply Wall StThe Case For Amalgamated Bank (NASDAQ:AMAL): Could It Be A Nice Addition To 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 ($18.14) is trading below our estimate of fair value ($32.41)
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 (12.2x) compared to the Banks industry average (12.6x).
PE vs Market: AMAL is good value based on its PE Ratio (12.2x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: AMAL is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: AMAL is good value based on its PB Ratio (1.2x) compared to the US Banks industry average (1.2x).
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 (8.2% per year) is above the savings rate (1.7%).
Earnings vs Market: AMAL's earnings (8.2% per year) are forecast to grow slower than the US market (14.6% per year).
High Growth Earnings: AMAL's earnings are forecast to grow, but not significantly.
Revenue vs Market: AMAL's revenue (5.9% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: AMAL's revenue (5.9% 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 (10.2%).
How has Amalgamated Bank performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: AMAL has high quality earnings.
Growing Profit Margin: AMAL's current net profit margins (24.6%) are lower than last year (25%).
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if AMAL's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Insufficient data to compare AMAL's past year earnings growth to its 5-year average.
Earnings vs Industry: AMAL earnings growth over the past year (5.8%) underperformed the Banks industry 12.2%.
Return on Equity
High ROE: AMAL's Return on Equity (9.6%) is considered low.
Return on Assets
Return on Capital Employed
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
Inventory Level: AMAL has a low level of unsold assets or inventory.
Debt Coverage by Assets: AMAL's debt is covered by short term assets (assets are 1.9x debt).
Financial Institutions Analysis
Asset Level: AMAL's level of assets compared to its equity is moderate.
Allowance for Bad Loans: AMAL has a low allowance for bad loans.
Low Risk Liabilities: AMAL's liabilities are made up of primarily low risk sources of funding.
Loan Level: AMAL has an acceptable proportion of non-loan assets held.
Low Risk Deposits: AMAL's loans are broadly funded by customer deposits.
Level of Bad Loans: AMAL has an appropriate level of bad loans (1.9%)
What is Amalgamated Bank's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: AMAL's dividend (1.32%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: AMAL's dividend (1.32%) is low compared to the top 25% of dividend payers in the US market (3.69%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether AMAL's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if AMAL's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (8.1%), AMAL's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AMAL's dividends in 3 years are forecast to be well covered by earnings (20.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Keith Mestrich (52yo)
Keith R. Mestrich is President and Chief Executive Officer of Amalgamated Bank (the “Company”). He has three decades of experience in the finance, many of those assisting the Bank’s core constituencies in ...
CEO Compensation Analysis
Compensation vs Market: Keith's total compensation ($USD2.12M) is about average for companies of similar size in the US market ($USD1.68M).
Compensation vs Earnings: Keith's compensation has increased by more than 20% in the past year.
|Senior EVP & CFO||4.8yrs||US$1.02m||0.034% $196.8k|
|Senior EVP & COO||4.1yrs||US$782.64k||0.00094% $5.4k|
|Executive VP||24.6yrs||US$44.61k||0.0094% $54.4k|
|Chief Accounting Officer||2yrs||no data||0.0065% $37.2k|
|Executive VP & Chief Information Officer||2.1yrs||no data||no data|
|Executive VP & Chief Administrative Officer||1.8yrs||no data||0.0094% $54.4k|
|Executive VP & General Counsel||5.1yrs||no data||no data|
|Chief Marketing Officer & Executive VP||3.5yrs||no data||no data|
|Senior VP & Director of Human Resources||1.1yrs||no data||no data|
Experienced Management: AMAL's management team is considered experienced (3.5 years average tenure).
|Executive VP||24.6yrs||US$44.61k||0.0094% $54.4k|
|Independent Director||8yrs||US$90.21k||0.0038% $21.8k|
|Independent Director||1.5yrs||US$22.00k||0.0035% $20.0k|
|Independent Director||5.4yrs||US$90.21k||0.0047% $27.2k|
|Independent Director||8.5yrs||US$90.21k||0.0032% $18.2k|
|Independent Director||4.9yrs||US$44.61k||0.0032% $18.2k|
|Chairman of the Board||3.8yrs||US$90.21k||0.0041% $23.6k|
|Independent Director||7.1yrs||US$90.21k||0.0094% $54.4k|
Experienced Board: AMAL's board of directors are considered experienced (6.6 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 been diluted in the past year, with total shares outstanding growing by 4.5%.
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$576.337m
- Shares outstanding: 31.77m
- 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, provides commercial banking and retail banking products and services in the United States. The company offers deposit products, including time deposits, non-interest and interest-bearing demand accounts, savings and money market accounts, NOW accounts, and certificates of deposit. It also provides residential mortgage and commercial real estate loans, commercial and industrial loans, multifamily mortgages, 1-4 family real estate loans, construction and land loans, leveraged loans for commercial loans, consumer/small business and purchased student loans, and home equity lines of credit; and debit and ATM card services. In addition, the company offers online banking, bill payment, online cash management, and safe deposit box rental services; and institutional trust, custody, and investment management services comprising asset safekeeping, corporate actions, income collections, proxy, account transition, asset transfers, and conversion management services. Further, it provides investment products; securities; and asset allocation, life insurance, brokerage, and asset management services. It serves advocacy-based non-profits, social welfare organizations, labor unions, political organizations, foundations, socially responsible businesses, and other for-profit companies, as well as their members and stakeholders. The company operates a network of 12 branches in New York City; 1 branch in Washington, D.C.; 1 branch in San Francisco; 1 representative office in Pasadena, California; and 1 loan production office in Boulder, Colorado, as well as a digital banking and mobile platform. The company was formerly known as Amalgamated Bank of New York and changed its name to Amalgamated Bank in 2000. The company was founded in 1923 and is headquartered in New York, New York. Amalgamated Bank is a subsidiary of Workers United.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/18 01:13|
|End of Day Share Price||2020/02/14 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.