AMAL Stock Analysis: Amalgamated Bank | NASDAQ

Commercial Banking, Retail Banking, Investment Management, Trust Services

Total Rating 56

Safety 67

Buy Signal 0.69

Banks - Regional
Industry Rotation: +4.0

Market Cap: 1.41B
Avg Turnover: 13.0M

Risk 3d forecast

Volatility31.2%

VaR 5^th Pctl5.07%

VaR vs Median-1.24%

Reward TTM

Sharpe Ratio2.06

Rel. Str. IBD86.1

Rel. Str. Peer Group93.8

Character TTM

Beta0.866

Beta Downside0.613

Hurst Exponent0.460

Drawdowns 3y

Max DD32.85%

CAGR/Max DD1.35

CAGR/Mean DD4.18

EPS (Earnings per Share)

EPS CAGR: 9.31%
EPS Trend: 94.4%

Last SUE: 1.30
Qual. Beats: 1

Revenue

Rev. CAGR: 9.35%
Rev. Trend: 96.8%

Last SUE: 1.00
Qual. Beats: 16

Warnings

Below Avwap Earnings

Tailwinds

Seasonal Tailwind

Rs Leader

Idiosyncratic Leader

Confidence

Seasonality 8.3 years of data

Jan +0.3% 9

Feb -0.8% 9

Mar -10.3% 7

Apr -3.4% 27

May +0.5% 9

Jun +4.5% 10

Jul +1.8% 6

Aug -1.7% 2

Sep -1.8% 39

Oct +4.6% 57

Nov +9.3% 45

Dec +2.3% 6

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: AMAL Amalgamated Bank

Amalgamated Financial Corp. (NASDAQ: AMAL) is the bank holding company for Amalgamated Bank, a U.S. regional bank founded in 1923 and headquartered in New York City. The company operates through four primary business lines: commercial and retail banking, investment management, and trust and custody services.

On the banking side, Amalgamated accepts a broad range of deposit products - including non-interest-bearing accounts, savings, money market, NOW, time deposits, and certificates of deposit - and originates loans across commercial and industrial, multifamily mortgage, commercial real estate, residential real estate mortgage, consumer solar, and consumer categories. It also provides standard retail banking services such as online banking, bill payment, cash management, debit and ATM cards, and safe deposit box rentals.

Beyond traditional lending and deposits, the company offers fee-based trust, custody, and investment management services covering asset safekeeping, corporate actions, income collections, proxy services, account transitions, and conversion management. It also distributes investment products including index and actively-managed funds spanning equity, fixed-income, real estate, and alternative investments, alongside brokerage, asset management, insurance, and lending products.

Listed on NASDAQ since its 2018 IPO, AMAL is classified within the Financials sector as a Regional Bank, with a small-cap market capitalization of approximately $1.4 billion. As a bank holding company, it operates under U.S. federal banking regulation and generates revenue from a mix of net interest income (deposits and lending) and non-interest income (trust, custody, and investment management fees).

Headlines to Watch Out For

Deposit growth pressured by competition and rate environment
Net interest margin compression as Fed cuts rates
Loan portfolio expansion in CRE and multifamily mortgage segments
Climate-focused capital allocation attracts ESG deposit inflows

Piotroski VR-10 (Strict) 2.5

Net Income: 113.4m TTM > 0 and > 6% of Revenue
FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.11 > 1.0
NWC/Revenue: 12.09% < 20% (prev -1.56k%; Δ 1.57k% < -1%)
CFO/TA 0.02 > 3% & CFO 163.9m > Net Income 113.4m
Net Debt (83.8m) to EBITDA (157.8m): 0.53 < 3
Current Ratio: 7.34 > 1.5 & < 3
Outstanding Shares: last quarter (30.2m) vs 12m ago -1.85% < -2%
Gross Margin: 69.79% > 18% (prev 70.03%; Δ -0.23% > 0.5%)
Asset Turnover: 5.38% > 50% (prev 5.13%; Δ 0.26% > 0%)
Interest Coverage Ratio: 1.22 > 6 (EBIT TTM 150.6m / Interest Expense TTM 123.4m)

Altman Z'' 0.47

A: 0.01 (Total Current Assets 68.0m - Total Current Liabilities 9.26m) / Total Assets 9.41b
B: 0.07 (Retained Earnings 616.9m / Total Assets 9.41b)
C: 0.02 (EBIT TTM 150.6m / Avg Total Assets 9.02b)
D: 0.10 (Book Value of Equity 835.0m / Total Liabilities 8.58b)
Altman-Z'' = 0.47 = B

Beneish M -2.86

DSRI: 1.05 (Receivables 63.8m/55.5m, Revenue 485.4m/442.2m)
GMI: 1.00 (GM 70.03% / 69.79%)
AQI: 1.10 (AQ_t 0.99 / AQ_t-1 0.90)
SGI: 1.10 (Revenue 485.4m / 442.2m)
TATA: -0.01 (NI 113.4m - CFO 163.9m) / TA 9.41b)
Beneish M = -2.86 (Cap -4..+1) = A

What is the price of AMAL shares?

As of October 06, 2026, the stock is trading at USD 47.73 with a total of 186,088 shares traded. Over the past week, the price has changed by +0.95%, over one month by -1.02%, over three months by +3.26% and over the past year by +76.60%.

Current recommended Stop Loss: 46.10 (which is 3.4% or 1.5 ATR below the current price).

Is AMAL a buy, sell or hold?

Amalgamated Bank has received a consensus analysts rating of 3.50. Therefore, it is recommended to hold AMAL.

StrongBuy: 0
Buy: 1
Hold: 1
Sell: 0
StrongSell: 0

What are the forecasts/targets for the AMAL price?

Analysts Target Price	54	13.1%

Amalgamated Bank (AMAL) - Fundamental Data Overview as of 30 September 2026

Market Cap USD = 1.41b (1.41b USD * 1.0 USD.USD)
P/E Trailing = 12.6756
P/S = 4.2344
P/B = 1.6673
Revenue TTM = 485.4m USD
EBIT TTM = 150.6m USD
EBITDA TTM = 157.8m USD
Long Term Debt = 69.7m USD (from longTermDebt, last quarter)
Short Term Debt = unknown (none)
Debt = 87.9m USD (from shortLongTermDebtTotal, last quarter) + Leases 9.09m
Net Debt = 83.8m USD (calculated: Debt 87.9m - CCE 4.17m)
Enterprise Value = 1.50b USD (1.41b + Debt 87.9m - CCE 4.17m)
Interest Coverage Ratio = 1.22 (Ebit TTM 150.6m / Interest Expense TTM 123.4m)
EV/FCF = 10.47x (Enterprise Value 1.50b / FCF TTM 143.0m)
FCF Yield = 9.55% (FCF TTM 143.0m / Enterprise Value 1.50b)
FCF Margin = 29.45% (FCF TTM 143.0m / Revenue TTM 485.4m)
Net Margin = 23.37% (Net Income TTM 113.4m / Revenue TTM 485.4m)
Gross Margin = 69.79% ((Revenue TTM 485.4m - Cost of Revenue TTM 146.6m) / Revenue TTM)
Gross Margin QoQ = 72.55% (prev 65.22%)
Tobins Q-Ratio = 0.16 (Enterprise Value 1.50b / Total Assets 9.41b)
Interest Expense / Debt = 140.3% (Interest Expense 123.4m / Debt 87.9m)
Taxrate = 24.71% (37.2m / 150.6m)
NOPAT = 113.4m (EBIT 150.6m * (1 - 24.71%))
Current Ratio = 7.34 (Total Current Assets 68.0m / Total Current Liabilities 9.26m)
Debt / Equity = 0.11 (Debt 87.9m / totalStockholderEquity, last quarter 835.0m)
Debt / EBITDA = 0.53 (Net Debt 83.8m / EBITDA 157.8m)
Debt / FCF = 0.59 (Net Debt 83.8m / FCF TTM 143.0m)
Total Stockholder Equity = 803.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.26% (Net Income 113.4m / Total Assets 9.41b)
RoE = 14.12% (Net Income TTM 113.4m / Total Stockholder Equity 803.2m)
RoCE = 17.26% (EBIT 150.6m / Capital Employed (Equity 803.2m + L.T.Debt 69.7m))
RoIC = 1.21% (NOPAT 113.4m / Invested Capital 9.40b)
WACC = 8.50% (E(1.41b)/V(1.50b) * Re(9.03%) + (debt cost/tax rate unavailable))
Discount Rate = 9.03% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -83.28 | Cagr: -0.80%
[DCF] Terminal Value 77.48% ; FCFF base≈134.4m ; Y1≈154.1m ; Y5≈226.7m
[DCF] Fair Price = 108.4 (EV 3.32b - Net Debt 83.8m = Equity 3.24b / Shares 29.9m; r=8.50% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 94.42 | EPS CAGR: 9.31% | SUE: 1.30 | # QB: 1
Revenue Correlation: 96.75 | Revenue CAGR: 9.35% | SUE: 1.00 | # QB: 16
EPS current Quarter (2026-09-30): EPS=1.08 | Chg30d=+0.31% | Revisions=+40% | Analysts=3
EPS current Year (2026-12-31): EPS=4.04 | Chg30d=+0.12% | Revisions=+40% | GrowthEPS=+11.0% | GrowthRev=+14.4%
EPS next Year (2027-12-31): EPS=4.65 | Chg30d=-0.04% | Revisions=+40% | GrowthEPS=+15.2% | GrowthRev=+6.4%
[Analyst] Revisions Ratio: +67% (up=6, down=0)