Amalgamated Bank (AMAL) Given Average Rating of “Buy” by Brokerages

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Shares of Amalgamated Bank (NASDAQ:AMAL) have received a consensus recommendation of “Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $20.10.

A number of research firms have commented on AMAL. JPMorgan Chase & Co. began coverage on shares of Amalgamated Bank in a research note on Tuesday. They set an “overweight” rating and a $21.00 price objective on the stock. Sandler O’Neill began coverage on shares of Amalgamated Bank in a research note on Tuesday. They set a “buy” rating and a $21.00 price objective on the stock. Keefe, Bruyette & Woods began coverage on shares of Amalgamated Bank in a research note on Tuesday. They set a “market perform” rating and a $19.00 price objective on the stock. Piper Jaffray Companies began coverage on shares of Amalgamated Bank in a research note on Tuesday. They set a “neutral” rating and a $19.50 price objective on the stock. Finally, Raymond James began coverage on shares of Amalgamated Bank in a research note on Friday. They set an “outperform” rating on the stock.

Shares of AMAL stock opened at $19.10 on Friday. Amalgamated Bank has a twelve month low of $13.25 and a twelve month high of $19.62.

About Amalgamated Bank

Amalgamated Bank provides personal and commercial banking products and services to working families, unions, commercial real estate industries, healthcare markets, institutional investors, law firms, non-profits, and political organizations in the United States. The company offers checking, savings, certificates of deposit, money market, and individual retirement accounts; home equity lines of credit options, mortgages, and personal loans and lines of credit options; and commercial loans (lines of credit, letters of credit, and term loans).

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Analyst Recommendations for Amalgamated Bank (NASDAQ:AMAL)

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