172,642 Shares in Amalgamated Bank (AMAL) Purchased by Peregrine Capital Management LLC

Peregrine Capital Management LLC purchased a new stake in Amalgamated Bank (NASDAQ:AMAL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 172,642 shares of the company’s stock, valued at approximately $3,330,000. Peregrine Capital Management LLC owned 0.54% of Amalgamated Bank as of its most recent SEC filing.

A number of research analysts have recently weighed in on AMAL shares. Keefe, Bruyette & Woods started coverage on Amalgamated Bank in a research note on Tuesday, September 4th. They issued a “market perform” rating and a $19.00 price target on the stock. JPMorgan Chase & Co. started coverage on Amalgamated Bank in a research note on Tuesday, September 4th. They issued an “overweight” rating and a $21.00 price target on the stock. Piper Jaffray Companies started coverage on Amalgamated Bank in a research note on Tuesday, September 4th. They issued a “neutral” rating and a $19.50 price target on the stock. Sandler O’Neill initiated coverage on Amalgamated Bank in a research note on Tuesday, September 4th. They issued a “buy” rating and a $21.00 price target on the stock. Finally, Barclays initiated coverage on Amalgamated Bank in a research note on Wednesday, September 5th. They set an “overweight” rating and a $20.00 price objective on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Amalgamated Bank currently has a consensus rating of “Buy” and an average price target of $20.10.

Shares of Amalgamated Bank stock opened at $19.61 on Tuesday. Amalgamated Bank has a 12 month low of $13.25 and a 12 month high of $20.48.

Amalgamated Bank (NASDAQ:AMAL) last issued its quarterly earnings data on Monday, September 24th. The company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.02. The business had revenue of $42.90 million for the quarter, compared to analyst estimates of $42.23 million. Equities research analysts predict that Amalgamated Bank will post 1.39 earnings per share for the current year.

Amalgamated Bank Profile

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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