Raymond James Sticks to Its Buy Rating for Amalgamated Bank (AMAL)

Raymond James analyst William Wallace maintained a Buy rating on Amalgamated Bank (AMAL) today and set a price target of $17.00. The company’s shares closed last Thursday at $15.17.

According to TipRanks.com, Wallace is a 5-star analyst with an average return of 20.1% and a 72.8% success rate. Wallace covers the Financial sector, focusing on stocks such as American National Bankshares, Meridian Interstate Bancorp, and Business First Bancshares.

Currently, the analyst consensus on Amalgamated Bank is a Moderate Buy with an average price target of $17.00.

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Amalgamated Bank’s market cap is currently $467.3M and has a P/E ratio of 9.60. The company has a Price to Book ratio of 0.84.

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Amalgamated Bank provides commercial banking services. The firm offers checking, savings, certificates of deposit, money market, and individual retirement accounts, home equity lines of credit options, mortgages, personal loans and lines of credit options. The company was founded in 1923 and is headquartered in New York, NY.

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