Keefe Bruyette analyst Christopher O’Connell raised the firm’s price target on Amalgamated Financial to $26 from $24 and keeps an Outperform rating on the shares. The analyst left an investor field trip with greater confidence in the company’s “strong” financial outlook, saying its lower-cost deposit franchise and ongoing remix of both sides of the balance sheet provides upwards net interest margin momentum into 2024.
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Read More on AMAL:
- Amalgamated Financial price target raised by $2 at Keefe Bruyette, here’s why
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- Amalgamated Financial Corp. Reports Third Quarter 2023 Financial Results; Stable Net Interest Margin at 3.29%, Deposit growth excluding Brokered CDs of $172.8 million
- Amalgamated Financial reports Q3 core EPS 76c, consensus 70c
- Amalgamated Financial Corp. Declares Regular Quarterly Dividend
