Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Amalgamated Bank before investing.

In this article, we go over a few key elements for understanding Amalgamated Bank’s stock price such as:

• Amalgamated Bank’s current stock price and volume
• Why Amalgamated Bank’s stock price changed recently
• Upgrades and downgrades for AMAL from analysts
• AMAL’s stock price momentum as measured by its relative strength

About Amalgamated Bank (AMAL)

Before we jump into Amalgamated Bank’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Amalgamated Bank (the Bank) is a full-service commercial bank and a chartered trust company. The Bank offers a suite of commercial and retail banking, investment management, and trust and custody services. The Bank’s commercial banking and trust businesses are national in scope and the Bank also offers a full range of products and services to both commercial and retail customers through its three branch offices across New York City, one branch office in Washington, D.C., one branch office in San Francisco, one commercial office in Boston and its digital banking platform. 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 mortgages, consumer loans and a variety of commercial and consumer deposit products, including savings accounts, money market accounts and others.

Want to learn more about Amalgamated Bank’s stock? Click the button below to subscribe to A+ Investor and get access to everything you need to know about Amalgamated Bank.

Amalgamated Bank’s Stock Price as of Market Close

As of October 27, 2023, 4:00 PM, CST, Amalgamated Bank’s stock price was $17.50.

Amalgamated Bank is up 8.29% from its previous closing price of $16.16.

During the last market session, Amalgamated Bank’s stock traded between $15.33 and $16.36. Currently, there are 30.62 million shares of Amalgamated Bank stock available for purchase.

Amalgamated Bank’s price-earnings (P/E) ratio is currently at 5.5, which is low compared to the Banks industry median of 7.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Amalgamated Bank Stock Price History

Amalgamated Bank’s (AMAL) price is currently up 1.63% so far this month.

During the month of October, Amalgamated Bank’s stock price has reached a high of $17.53 and a low of $15.19.

Over the last year, Amalgamated Bank has hit prices as high as $27.33 and as low as $14.05. Year to date, Amalgamated Bank’s stock is up 4.35%.

Sign Up to Receive a Free Special Report Showing How A+ Grades Can Help You Make Smarter Investment Decisions

What Caused Amalgamated Bank Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of October 26, 2023, there was 1 analyst who downgraded Amalgamated Bank’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Amalgamated Bank’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Amalgamated Bank’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Amalgamated Bank’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Amalgamated Bank (AMAL) by visiting AAII Stock Evaluator.

Relative Price Strength of Amalgamated Bank

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of October 26, 2023, Amalgamated Bank has a weighted four-quarter relative price strength of -9.23%, which translates to a Momentum Score of 36 and is considered to be Weak.

Want to learn more about how Amalgamated Bank is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Amalgamated Bank Stock Price: Bottom Line

As of October 27, 2023, Amalgamated Bank’s stock price is $17.50, which is up 8.29% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Amalgamated Bank stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.