Amalgamated Financial: Earnings Outlook Remains Positive Thanks To Loans And Margin
AMALAmalgamated Financial (AMAL) Seeking Alpha·2024-02-21 16:59
KangeStudio Earnings of Amalgamated Financial Corp. (NASDAQ:AMAL) will likely increase this year on the back of loan growth and slight margin expansion. I’m expecting the company to report earnings of $3.11 per share, up 8.9% year-over-year. The year-end target price suggests a moderate upside from the current market price. As a result, I’m maintaining a buy rating on Amalgamated Financial stock. Loan Growth to Continue to Support Earnings Loan growth decelerated in the last quarter of 2023. Nevertheles ...