Amalgamated Financial Corp (AMAL) Stock AnalysisAMALStock AnalysisAmalgamated Financial Corp

Amalgamated Financial Corp. is a bank holding company engaged in commercial banking and financial services through its wholly owned subsidiary, Amalgamated Bank (the Bank). The Bank is a full-service commercial bank offering a complete suite of commercial and retail banking products, investment management and trust and custody services, and lending services. The Bank’s corporate divisions include commercial banking, trust and investment management and consumer banking. The Bank’s corporate divisions include commercial banking, trust and investment management and consumer banking. The Bank’s product line includes residential mortgage loans, commercial and industrial (C&I) loans, commercial real estate (CRE) loans, multifamily loans, consumer loans (predominantly residential solar) and a variety of commercial and consumer deposit products, including non-interest-bearing accounts, interest-bearing demand products, savings accounts, money market accounts and certificates of deposit. It operates in the Financials sector (STATE COMMERCIAL BANKS industry).

Amalgamated Bank is currently priced at $48.69, which is below the average analyst price target of $53.50, suggesting potential upside. However, the RSI is at 35.56, indicating it is nearing oversold territory, which could mean a price recovery is possible. The recent insider selling, where a senior executive sold 3.64% of his holdings, raises some concerns about confidence in the stock, but overall revenue growth remains strong with a 12% expected increase this quarter. The main risk is the recent insider selling trend, which has increased by 421.50% over the last month, indicating potential lack of confidence among insiders.

6 analysts cover AMAL: 4 rate it Buy, 2 Hold and 0 Sell. The average price target is 38.00.