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How to Buy Amalgamated Financial Stock

Amalgamated Financial Corp

Amalgamated Financial Corp. operates as the bank holding company for Amalgamated Bank that provides commercial and retail banking, investment management, and trust and custody services for commercial and retail customers in the United States.

Amalgamated Financial stock last closed at $23.93, up 2.53% from the previous day, and has increased 30.77% in one year. It has overperformed other stocks in the Banks - Regional industry by 0.17 percentage points. Amalgamated Financial stock is currently +70.32% from its 52-week low of $14.05, and -13.83% from its 52-week high of $27.77.

At the moment, there are 30.51M AMAL shares outstanding. The market capitalization of AMAL is $730.09M. In the last 24 hours, 109,881 AMAL shares were traded.

How to Buy Amalgamated Financial Stock

Not sure how to invest in Amalgamated Financial stock? Here's how.
  1. Figure out where to buy Amalgamated Financial stock: You need to pick a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you determine where to buy Amalgamated Financial stock.
  2. Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
  3. Deposit money your investment account: Choose your payment method and add your information.
  4. Analyze Amalgamated Financial stock: The Amalgamated Financial ticker symbol is AMAL. Is Amalgamated Financial stock a good investment? Should you buy shares of AMAL? How do AMAL's underlying business fundamentals look? Do top analysts think Amalgamated Financial is a good buy? Why has AMAL's stock price moved recently? (Hint: Our stock market research website can help you figure out if AMAL is a good stock to buy).
  5. Place your AMAL purchase: Decide if you will purchase AMAL shares at the current market price or use a limit order to purchase AMAL stock at a specific price.
  6. Get notifications regarding your AMAL position: Create a watchlist to monitor your new investment in Amalgamated Financial stock.

Step 1: Figure out where to buy Amalgamated Financial stock

You need an online brokerage account in order to access the NASDAQ market and buy AMAL stock.

A brokerage account is an investment account that enables you to buy and sell a number of financial instruments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Create a brokerage account

Now that you've picked your brokerage, you need to fill out some personal info so you are able to buy AMAL stock today.

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Step 3: Deposit money your investment account

Now that you've finished signing up on the greatest app to buy stocks, you need to deposit funds:

Watch the video below for more details transferring funds into your brokerage account.

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Step 4: Analyze Amalgamated Financial stock

Once you have chosen the best place to buy Amalgamated Financial stock, it's critical to research their stock before you invest, so you actually comprehend the risk and opportunity.

Amalgamated Financial shares at a glance

AMAL Price
$23.93
1w %
0.76%
1y %
30.77%
5y %
57.43%
P/E
8.31x
P/B
1.25x
P/S
2.65x
PEG
4.92x
Revenue
$275.98M
Earnings
$87.98M
Fore. Rev. Growth
10.57%
Fore. Earn. Growth
2.08%
Market Cap
$730.09M
Next Earnings
Apr 25, 2024
Next Dividend
N/A

Amalgamated Financial Zen Score

WallStreetZen was designed to help average investors do more in-depth fundamental analysis quickly.

You can view all of the due diligence checks on AMAL's stock page.

Is AMAL stock undervalued or overvalued?

You can use a variety of different financial metrics, analyses, models, and charts to gauge AMAL's intrinsic value.

Using relative valuations methods:

  • AMAL could be undervalued based on its P/E ratio of 8.31x, relative to Banks - Regional industry P/E ratio of -10.57x
  • AMAL could be overvalued based on its P/B ratio of 1.25x, relative to Banks - Regional industry P/B ratio of 1.02x
  • AMAL may be overvalued based on its PEG ratio of 4.92x

You can do more valuation analysis on AMAL's stock here.

AMAL Financial Health Summary

Pros:

  • AMAL earnings of $124.73M is not enough to cover its interest payments.
  • AMAL's operating cash flow of $117.22M allows it to safely service it's debt of $335.57M.

Cons:

  • AMAL profit margin has gone down from 32.8% to 31.9% in the past year.
  • Total AMAL debt is higher than 5 years ago, relative to shareholder equity.
  • AMAL has a relatively high debt to equity ratio of 12.62.

Is it a good time to buy Amalgamated Financial stock, according to Wall Street analysts?

Out of 2 Equities analysts who give recommendations on AMAL, the consensus analyst rating on AMAL is a Strong Buy

Please note that analyst forecasts are not recommendations, nor are they investment advice.

You can dive deeper into what analysts are forecasting on the Amalgamated Financial stock forecast page.

AMAL Trading Indicators

SMA10
23.35
SMA20
23.43
SMA50
24.34
SMA100
23.83
SMA200
20.7
MACD
-0.16
MACD Signal
-0.26
MACD Histogram
0.09
RSI
52.52
Stochastic %K
53.16
Stochastic %D
48.44
StochRSI %K
72.55
StochRSI %D
66.62

AMAL Earnings

Last year, AMAL earnings were $87.98M. Over the past 5 year, AMAL's earnings have gone up by 14.4% per year. This was slower than the Banks - Regional industry average of 15.73%.

Last year, AMAL revenue was $275.98M. Over the past 5 year, AMAL's revenue has grown by 9.13% per year. This was faster than the Banks - Regional industry average of 7.21%.

Dive into AMAL's earnings and revenue performance here.

Are AMAL insiders buying or selling the stock?

Over the last 12 months, insiders at AMAL have sold more shares than they have bought.

Priscilla Brown, President CEO of AMAL, was the latest AMAL insider to sell. They sold $62,312.44 worth of AMAL stock on Feb 25, 2024.

Research more about who owns AMAL shares here.

Does AMAL stock generate passive income?

No, Amalgamated Financial doesn't provide an income stream by paying out dividends.

What do other traders have to say about AMAL?

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Step 5: Place your AMAL purchase

There are two main types of orders:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are usually fine for most investors.
  • Limit order: A limit order lets you buy or sell a security at a specific price (or better).
    If you want to make sure you're buying or selling at an exact dollar amount, place a limit order.

Hit the Open Trade button and your broker will place your order.

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Step 6: Get notifications regarding your AMAL position

Now that you own some AMAL shares, you'll want to stay up-to-date on your new investment.

Create a watchlist to get the latest updates about your AMAL stock.

AMAL Feed

How to Buy Stock in Amalgamated Financial

To summarize, here are the 6 steps to buy Amalgamated Financial stock:

  1. Figure out where to buy Amalgamated Financial stock
  2. Create a brokerage account
  3. Deposit money your investment account
  4. Analyze Amalgamated Financial stock
  5. Place your AMAL purchase
  6. Get notifications regarding your AMAL position

If you need a brokerage account, eToro is our recommended option.

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If you would like to keep an eye on your new investment in Amalgamated Financial, click the button below.

NASDAQ: AMAL
$23.93+0.59 (+2.53%)
Updated Mar 27, 2024
Open eToro Account
NASDAQ: AMAL
$23.93+0.59 (+2.53%)
Updated Mar 27, 2024
Open eToro Account

FAQ

How much does it cost to buy one Amalgamated Financial share?

As of Mar 27, 2024, it costs $23.93 to buy one share of Amalgamated Financial stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.418 shares of AMAL.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Amalgamated Financial stock?

According to 2 Wall Street analysts who monitor Amalgamated Financial, their consensus recommendation is to buy Amalgamated Financial stock.

What is the best way to buy Amalgamated Financial stock?

One way to place an order for Amalgamated Financial stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.