Tag: TPVG

Analysts have been eager to weigh in on the Financial sector with new ratings on Amalgamated Bank (AMAL – Research Report) and TriplePoint Venture Growth (TPVG – Research Report).

Amalgamated Bank (AMAL)

In a report released today, Alexander Twerdahl from Piper Sandler reiterated a Buy rating on Amalgamated Bank, with a price target of $30.00. The company’s shares closed last Wednesday at $23.58.

According to TipRanks.com, Twerdahl is a 5-star analyst with an average return of 10.3% and a 62.0% success rate. Twerdahl covers the Financial sector, focusing on stocks such as Bank of NT Butterfield & Son, The First Of Long Island, and Farmers National Banc Oh.

Amalgamated Bank has an analyst consensus of Strong Buy, with a price target consensus of $31.67.

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TriplePoint Venture Growth (TPVG)

In a report released today, Crispin Love from Piper Sandler maintained a Hold rating on TriplePoint Venture Growth, with a price target of $10.00. The company’s shares closed last Wednesday at $10.87.

According to TipRanks.com, Love is a 4-star analyst with an average return of 8.3% and a 57.4% success rate. Love covers the Financial sector, focusing on stocks such as Virtus Investment Partners, SEI Investments Company, and Live Oak Bancshares.

Currently, the analyst consensus on TriplePoint Venture Growth is a Moderate Sell with an average price target of $9.31, implying a -14.6% downside from current levels. In a report released yesterday, JMP Securities also downgraded the stock to Hold.

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Read More on AMAL:

• Amalgamated Financial management to meet with Piper Sandler
• Amalgamated Bank Earnings Call and Webcast Announcement
• Amalgamated Financial Corp. Reports Fourth Quarter 2023 Financial Results: $170.8 Million Deposit Growth Excluding Brokered CDs; Net Interest Margin Rises to 3.44%
• Amalgamated Financial reports Q4 core EPS 72c, consensus 72c
• Amalgamated Financial Corp. Declares Regular Quarterly Dividend