Amalgamated Financial Corp. (AMAL) Stock Analysis

Why this analysis is different

• A sector-relative MoonshotScore — five pillars (business quality, financial safety, valuation, growth durability, momentum) re-ranked nightly against the full universe of US-listed common stocks.
• An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
• Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.

Amalgamated Financial Corp. (AMAL) Financial Services Profile

Amalgamated Financial Corp. (AMAL) is a US-based regional bank holding company providing commercial and retail banking, investment management, and trust services. With a focus on socially responsible banking, AMAL serves commercial, retail, and institutional clients through its branch network and digital platforms, operating with a moderate beta of 0.84.

What Is the Investment Thesis for AMAL?

With a P/E ratio of 12.80 and a dividend yield of 1.47%, AMAL offers a blend of value and income. The company's profit margin of 22.4% and gross margin of 68.6% indicate strong profitability and efficient operations. Key growth catalysts include the expansion of its digital banking platform and increased demand for socially responsible investment options. The company's focus on serving labor unions, political organizations, and non-profits provides a stable and growing customer base. However, potential risks include regulatory changes and increased competition from larger financial institutions. Successful execution of its growth strategies and continued focus on socially responsible banking are crucial for sustained value creation.

Based on FMP financials and quantitative analysis

AMAL Key Highlights

Market capitalization of $1.45B, reflecting investor confidence in the company's market position.

• P/E ratio of 12.80, indicating a reasonable valuation compared to earnings.
• Profit margin of 22.4%, demonstrating strong profitability and efficient cost management.
• Gross margin of 68.6%, highlighting the effectiveness of its service offerings.
• Dividend yield of 1.47%, providing a steady income stream for investors.

Who Are AMAL's Competitors?

AMAL is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are AMAL's Key Strengths?

Strong brand reputation for social responsibility.

• Established relationships with labor unions and non-profits.
• Solid financial performance with a profit margin of 22.4%.
• Experienced management team.

What Are AMAL's Weaknesses?

Limited geographic presence compared to larger banks.

• Smaller scale and resources compared to national competitors.
• Reliance on specific customer segments (labor unions, non-profits).
• Higher operating costs associated with social responsibility initiatives.

What Could Drive AMAL Stock Higher?

Launch of new ESG-focused investment products in Q3 2026.

• Expansion of digital banking platform to attract new customers.
• Strategic partnerships with labor unions and non-profit organizations.
• Increased demand for socially responsible banking services.

What Are the Key Risks for AMAL?

Financial-distress signal — its Altman Z-Score of 0.30 sits in the distress zone (elevated bankruptcy risk).

• Insider selling — insiders were net sellers of roughly $29.1M recently.
• Increased competition from larger financial institutions.
• Regulatory changes and compliance costs.
• Economic downturn and credit risk.
• Cybersecurity threats and data breaches.
• Interest rate fluctuations impacting net interest margin.

What Are the Growth Opportunities for AMAL?

• Expansion of Digital Banking Platform: Amalgamated Financial Corp. can capitalize on the growing demand for digital banking services by further enhancing its online and mobile platforms. The digital banking market is projected to reach $9.08 trillion in transactions in 2026, offering a significant growth opportunity. By investing in user-friendly interfaces and advanced features, Amalgamated can attract new customers and increase engagement with existing ones. Timeline: Ongoing.
• Increased Focus on ESG Investing: The growing interest in Environmental, Social, and Governance (ESG) investing presents a significant opportunity for Amalgamated. By offering a wider range of ESG-focused investment products and services, Amalgamated can attract investors who prioritize socially responsible investments. Timeline: Ongoing.
• Strategic Partnerships with Labor Unions and Non-Profits: Amalgamated can strengthen its position as a socially responsible bank by forming strategic partnerships with labor unions and non-profit organizations. These partnerships can provide access to a stable and growing customer base. The non-profit sector in the U.S. has over 1.5 million organizations, representing a substantial market opportunity. Timeline: Ongoing.
• Geographic Expansion into Underserved Markets: Amalgamated can expand its geographic footprint by targeting underserved markets with a strong demand for socially responsible banking services. Identifying regions with a high concentration of labor unions, non-profits, and progressive organizations can provide a strategic advantage. This expansion can be achieved through a combination of physical branches and digital channels. Timeline: 2027-2028.
• Development of Innovative Financial Products: Amalgamated can differentiate itself from competitors by developing innovative financial products tailored to the needs of its target customers. This could include specialized loan programs for non-profits, impact investing funds, and socially responsible credit cards. By offering unique and valuable products, Amalgamated can attract new customers and increase customer loyalty. Timeline: 2026-2027.

What Are AMAL's Competitive Advantages?

• Strong brand reputation as a socially responsible bank.
• Established relationships with labor unions and non-profit organizations.
• Specialized expertise in serving the financial needs of progressive organizations.
• Commitment to ethical and sustainable banking practices.

What Does AMAL Do?

Founded in 1923, Amalgamated Financial Corp. has a rich history rooted in serving the labor movement and progressive organizations. As the bank holding company for Amalgamated Bank, it offers a comprehensive suite of financial services, including commercial and retail banking, investment management, and trust and custody services. The bank accepts a variety of deposit products, such as non-interest bearing accounts, savings accounts, and certificates of deposit. Its lending portfolio includes commercial and industrial loans, multifamily mortgages, commercial real estate loans, residential real estate loans, and consumer loans. Amalgamated Bank distinguishes itself through its commitment to socially responsible banking practices. It caters to a diverse clientele, including labor unions, political organizations, non-profits, and individuals who value ethical and sustainable financial solutions. The company operates through branch offices in key locations like New York City, Washington, D.C., and San Francisco, as well as a commercial office in Boston and a digital banking platform. This multi-channel approach allows Amalgamated to serve customers across the United States. The bank's services also include online banking, bill payment, cash management, safe deposit boxes, debit and ATM cards, and a range of investment products, including equity, fixed-income, real estate, and alternative investments. These offerings are complemented by brokerage, asset management, and insurance products, positioning Amalgamated as a full-service financial institution with a unique social mission.

What Products and Services Does AMAL Offer?

• Provides commercial and retail banking services.
• Offers investment management services.
• Provides trust and custody services.
• Accepts various deposit products, including checking, savings, and money market accounts.
• Offers commercial and industrial loans.
• Provides residential and commercial real estate loans.
• Offers online and mobile banking services.
• Provides brokerage, asset management, and insurance products.

How Does AMAL Make Money?

• Generates revenue from interest income on loans.
• Earns fees from investment management and trust services.
• Collects service charges on deposit accounts.
• Provides online banking and cash management services for businesses.

What Industry Does AMAL Operate In?

Amalgamated Financial Corp. operates within the regional banking sector, which is characterized by increasing competition and evolving customer expectations. The industry is undergoing digital transformation, with banks investing heavily in online and mobile banking platforms to enhance customer experience and reduce costs. Regulatory compliance and cybersecurity are also key concerns for regional banks. Amalgamated differentiates itself through its focus on socially responsible banking, catering to a niche market of customers who prioritize ethical and sustainable financial solutions. This focus allows it to compete effectively against larger national banks and smaller community banks.

Who Are AMAL's Key Customers?

• Commercial clients, including businesses and organizations.
• Retail customers, including individuals and families.
• Labor unions and related organizations.
• Non-profit organizations and foundations.

Amalgamated Financial Corp. (AMAL) Valuation Context

Valued at $1.45B, AMAL is classified as a small-cap stock. Analyst price targets span from $53.00 to $55.00, with a consensus of $54.00. At the current price of $48.52, that implies approximately 11% upside potential. Relative to its peer group, AMAL's quantitative score of 88/100 is roughly in line with the peer average of 89/100.

AMAL Revenue & Earnings Trend

In Jun 2026, AMAL generated $129.5M in top-line revenue, marking a sequential increase of 5.6%. The company recorded net income of $34.8M, with diluted EPS of $1.15. Revenue has increased across the last three reported quarters, suggesting sustained momentum for this small-cap Financial Services company. Across the four most recent quarters, AMAL averaged $0.94 in diluted EPS.

Company Profile

Amalgamated Financial Corp. operates in the Banks - Regional industry within the Financial Services sector. It is headquartered in New York City, US. The company is led by CEO Priscilla Sims Brown. AMAL has traded publicly since 2018.

Return on equity for Amalgamated Financial Corp. stands at 13.4%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 1.1%, showing how much profit it generates from its asset base. AMAL trades at a trailing price-to-earnings ratio of 12.80, below the Financial Services sector average of ~17.50x. Its free cash flow yield is 12.0%, a gauge of the cash the business throws off relative to its market value. Its earnings yield is 8.5%, the inverse of the P/E and a quick read on earnings relative to price.

Amalgamated Financial Corp.'s Piotroski F-Score is 8/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 0.30 places it in the distress zone, a signal of elevated financial risk.

Amalgamated Financial Corp. has beaten Wall Street's EPS estimate in 5 of its last 8 reported quarters — more hits than misses. Reported results have landed about 2.2% above estimates on average.

Wall Street analysts project Amalgamated Financial Corp. revenue of about $386.8M for fiscal 2026, with EPS near $4.02.

Over the past six months, Amalgamated Financial Corp. insiders filed 30 SEC Form 4 transactions — 30 sales and 0 purchases. On net that is roughly 600K shares disposed (about $29.1M), a signal worth weighing alongside the fundamentals.

AMAL Financials

AMAL Latest News

AMAL Analyst Consensus

AMAL MoonshotScore

What Investors Ask About Amalgamated Financial Corp. (AMAL) — Financial Services

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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