Recent News
On July 22, 2025 the Board declared a $0.14 quarterly dividend payable August 21, 2025 to holders of record August 5, 2025. On August 5, 2025 Amalgamated Bank closed a $1.7M retroactive C‑PACE transaction to support a Nashville retail redevelopment.
Technical Analysis
Directional indicators (ADX / DI+ / DI-): ADX at 25.0 signals a present trend strength. DInegative shows a peak & reversal and DIpositive shows a dip & reversal, which together indicate directional pressure shifting toward bullish directional momentum despite DInegative currently sitting above DIpositive.
MACD: MACD reads -0.48 with a MACD trend labeled dip & reversal, indicating a nascent return of bullish momentum; MACD remains below the signal line (-0.45), so a confirming bullish crossover has not yet occurred.
MRO (Momentum/Regression Oscillator): MRO sits at -4.09 with a peak & reversal trend; the negative MRO implies price below target and latent upside potential while the peak & reversal label documents a recent turning point.
RSI: RSI at 44.75 with a dip & reversal indicates recent weakness followed by recovering momentum toward neutral territory, consistent with MACD’s early re-acceleration signal.
Price vs. averages and bands: Last close $27.49 sits below the 50‑day average ($28.42) and the 200‑day average ($30.42), and near the 20‑day average ($27.54). Bollinger upper/lower bands show a narrow 1–2x band range (lower ~ $26.34–$26.94, upper ~ $28.14–$28.74), implying contained volatility and a tight trading band for now.
Momentum context: The combination of emerging MACD/RSI rebounds and a negative MRO suggests upside potential that requires confirmation by a MACD crossover or a sustained move above short‑term averages before trend strength extends toward the 50‑ and 200‑day levels.
Fundamental Analysis
Earnings and cash flow: Q2 results reported on July 24, 2025 show EPS $0.88 versus estimate $0.87, an EPS surprise of +1.15%. The company reported net income $25,989,000 and operating cash flow $24,925,000.
Profitability and margins: Return on assets registers 0.307% and return on equity 3.447%; both fall below the industry peer mean for these measures (ROA industry peer mean 0.398%, ROE industry peer mean 4.102%), indicating lower profitability relative to the peer mean. Net interest income measured $72,909,000, supporting a reported margin of 3.55% in the quarter as disclosed in the earnings release.
Top‑line and growth rates: Total revenue $80,883,000 with reported revenue growth of 1.751% on the latest period basis, but revenue growth year‑over‑year equals -64.952% while quarter‑over‑quarter revenue rose +27.345% — a volatile growth profile driven by period comparables and likely one‑off timing effects.
Balance sheet and leverage: Total assets $8,621,338,000 and total equity $753,984,000 yield an asset‑to‑equity ratio ~11.43 and debt‑to‑assets of 1.054%, well below the industry peer mean debt‑to‑assets of 16.123%; debt‑to‑equity sits at 0.1205 versus an industry peer mean of 2.01638, indicating relatively light leverage compared with the peer mean.
Valuation multiples and capital returns: P/E stands at 35.57x (PE QoQ +4.81%, PE YoY +14.79%); price‑to‑book at 1.20 is above the industry peer mean book multiple of 0.78278 and above the industry peer median 0.99475. Forward P/E equals 34.67x. Free cash flow yield at 2.825% contracted QoQ and YoY, while dividend yield reads 0.494% with a payout ratio of 17.23% and dividend coverage of 5.80x; the Board’s declared $0.14 quarterly dividend aligns with the modest payout ratio and available cash flow.
Valuation posture: The current valuation as determined by WMDST classifies the stock as over‑valued, reflecting stretched earnings multiples and muted free cash flow yield against the company’s profitability profile and price placement below longer‑term averages.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-07-24 |
| NEXT REPORT DATE: | 2025-10-23 |
| CASH FLOW | Begin Period Cash Flow | $ 65.7 M |
| Operating Cash Flow | $ 24.9 M | |
| Capital Expenditures | — | |
| Change In Working Capital | $ -8.11 M | |
| Dividends Paid | $ -4.48 M | |
| Cash Flow Delta | $ 105.4 M | |
| End Period Cash Flow | $ 171.1 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 80.9 M | |
| Forward Revenue | $ 20.6 M | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 344.0 K | |
| Depreciation and Amortization | $ 487.0 K | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | $ 104.1 M | |
| Interest Expense | $ 31.2 M | |
| Net Interest Income | $ 72.9 M | |
| Income Before Tax | $ 35.5 M | |
| Tax Provision | $ 9.5 M | |
| Tax Rate | 26.7 % | |
| Net Income | $ 26.0 M | |
| Net Income From Continuing Operations | $ 26.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.87 | |
| EPS Actual | $ 0.88 | |
| EPS Difference | $ 0.01 | |
| EPS Surprise | 1.149 % | |
| Forward EPS | $ 0.87 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 8.6 B | |
| Intangible Assets | $ 14.1 M | |
| Net Tangible Assets | $ 739.8 M | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | $ 171.1 M | |
| Net Receivables | $ 55.5 M | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | — | |
| Total Current Liabilities | — | |
| Net Debt | — | |
| Total Debt | $ 90.9 M | |
| Total Liabilities | $ 7.9 B | |
| EQUITY | ||
| Total Equity | $ 754.0 M | |
| Retained Earnings | $ 522.4 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 24.79 | |
| Shares Outstanding | 30.412 M | |
| Revenue Per-Share | $ 2.66 | |
| VALUATION | Market Capitalization | $ 907.6 M |
| Enterprise Value | $ 998.4 M | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 12.344 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 11.434 | |
| Asset To Liability | 1.096 | |
| Debt To Capital | 0.108 | |
| Debt To Assets | 0.011 | |
| Debt To Assets QoQ | 0.573 % | |
| Debt To Assets YoY | 498.864 % | |
| Debt To Assets IPRWA | high: 0.24 median: 0.161 mean: 0.161 AMAL: 0.011 low: 0.006 |
|
| Debt To Equity | 0.12 | |
| Debt To Equity QoQ | 2.093 % | |
| Debt To Equity YoY | 435.794 % | |
| Debt To Equity IPRWA | high: 4.097 median: 2.302 mean: 2.016 AMAL: 0.12 low: 0.079 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.204 | |
| Price To Book QoQ | -3.379 % | |
| Price To Book YoY | -3.631 % | |
| Price To Book IPRWA | high: 3.278 AMAL: 1.204 median: 0.995 mean: 0.783 low: 0.0 |
|
| Price To Earnings (P/E) | 35.574 | |
| Price To Earnings QoQ | 4.808 % | |
| Price To Earnings YoY | 14.793 % | |
| Price To Earnings IPRWA | high: 80.502 mean: 42.38 median: 39.912 AMAL: 35.574 low: 0.013 |
|
| PE/G Ratio | — | |
| Price To Sales (P/S) | 11.221 | |
| Price To Sales QoQ | -2.722 % | |
| Price To Sales YoY | 11.255 % | |
| Price To Sales IPRWA | high: 28.205 AMAL: 11.221 median: 5.436 mean: 5.142 low: 0.005 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 34.674 | |
| Forward PE/G | — | |
| Forward P/S | 44.086 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.01 | |
| Asset Turnover Ratio QoQ | -0.416 % | |
| Asset Turnover Ratio YoY | -1.947 % | |
| Asset Turnover Ratio IPRWA | high: 0.024 median: 0.012 mean: 0.012 AMAL: 0.01 low: 0.003 |
|
| Receivables Turnover | 1.463 | |
| Receivables Turnover Ratio QoQ | 6.961 % | |
| Receivables Turnover Ratio YoY | -3.093 % | |
| Receivables Turnover Ratio IPRWA | high: 3.454 median: 3.285 mean: 2.875 AMAL: 1.463 low: 0.17 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 62.389 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | — | |
| CapEx To Depreciation | — | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 829.4 M | |
| Net Invested Capital | $ 829.4 M | |
| Invested Capital | $ 829.4 M | |
| Net Tangible Assets | $ 739.8 M | |
| Net Working Capital | — | |
| LIQUIDITY | ||
| Cash Ratio | — | |
| Current Ratio | — | |
| Current Ratio QoQ | — | |
| Current Ratio YoY | — | |
| Current Ratio IPRWA | — | |
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | 25.726 % | |
| Interest Coverage Ratio | — | |
| Interest Coverage Ratio QoQ | — | |
| Interest Coverage Ratio YoY | — | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 5.802 | |
| Dividend Payout Ratio | 0.172 | |
| Dividend Rate | $ 0.15 | |
| Dividend Yield | 0.005 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 4.057 % | |
| Revenue Growth | 1.751 % | |
| Revenue Growth QoQ | 27.345 % | |
| Revenue Growth YoY | -64.952 % | |
| Revenue Growth IPRWA | high: 29.43 % mean: 11.967 % AMAL: 1.751 % median: 1.72 % low: -19.894 % |
|
| Earnings Growth | 0.0 % | |
| Earnings Growth QoQ | -100.0 % | |
| Earnings Growth YoY | -100.0 % | |
| Earnings Growth IPRWA | high: 56.85 % AMAL: 0.0 % median: -3.226 % mean: -3.567 % low: -38.235 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | — | |
| EBIT Margin QoQ | — | |
| EBIT Margin YoY | — | |
| EBIT Margin IPRWA | — | |
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 25.6 M | |
| Free Cash Flow Yield | 2.825 % | |
| Free Cash Flow Yield QoQ | -20.198 % | |
| Free Cash Flow Yield YoY | -17.926 % | |
| Free Cash Flow Yield IPRWA | high: 15.466 % median: 15.466 % mean: 12.673 % AMAL: 2.825 % low: -3.9 % |
|
| Free Cash Growth | -21.022 % | |
| Free Cash Growth QoQ | -241.725 % | |
| Free Cash Growth YoY | 98.921 % | |
| Free Cash Growth IPRWA | high: 353.711 % AMAL: -21.022 % mean: -43.244 % median: -65.02 % low: -812.632 % |
|
| Free Cash To Net Income | 0.986 | |
| Cash Flow Margin | 32.218 % | |
| Cash Flow To Earnings | 1.003 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.06 | |
| Return On Assets (ROA) | 0.307 % | |
| Return On Assets QoQ | 1.32 % | |
| Return On Assets YoY | -6.116 % | |
| Return On Assets IPRWA | high: 0.613 % median: 0.409 % mean: 0.398 % AMAL: 0.307 % low: 0.049 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.034 | |
| Return On Equity QoQ | 1.353 % | |
| Return On Equity YoY | -16.759 % | |
| Return On Equity IPRWA | high: 0.055 median: 0.041 mean: 0.041 AMAL: 0.034 low: 0.004 |
|
| DuPont ROE | 3.489 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |