Amalgamated Bank (AMAL) Sets New 12-Month High at $18.42

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Amalgamated Bank (NASDAQ:AMAL)’s share price reached a new 52-week high on Thursday . The company traded as high as $18.42 and last traded at $18.25, with a volume of 400 shares changing hands. The stock had previously closed at $18.38.

A number of equities analysts have recently weighed in on the stock. Sandler O’Neill assumed coverage on shares of Amalgamated Bank in a research report on Tuesday. They issued a “buy” rating and a $21.00 price objective for the company. Piper Jaffray Companies assumed coverage on shares of Amalgamated Bank in a research report on Tuesday. They issued a “neutral” rating and a $19.50 price objective for the company. Keefe, Bruyette & Woods assumed coverage on shares of Amalgamated Bank in a research report on Tuesday. They issued a “market perform” rating and a $19.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on shares of Amalgamated Bank in a research report on Tuesday. They issued an “overweight” rating and a $21.00 price objective for the company. Finally, Barclays assumed coverage on shares of Amalgamated Bank in a research report on Wednesday. They issued an “overweight” rating and a $20.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $20.10.

Amalgamated Bank Company Profile (NASDAQ:AMAL)

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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