Amalgamated Financial (NASDAQ:AMAL) CAO Leslie Veluswamy Sells 2,500 Shares

Posted by Stanley Muller on Jun 12th, 2026

Amalgamated Financial Corp. (NASDAQ:AMAL – Get Free Report) CAO Leslie Veluswamy sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $43.51, for a total value of $108,775.00. Following the transaction, the chief accounting officer directly owned 14,215 shares in the company, valued at approximately $618,494.65. This represents a 14.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Amalgamated Financial Trading Up 0.9%

AMAL opened at $44.10 on Friday. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 12.82 and a beta of 0.80. The stock’s 50 day moving average price is $41.46 and its 200-day moving average price is $37.88. Amalgamated Financial Corp. has a one year low of $25.13 and a one year high of $44.25. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.64 and a current ratio of 0.64.

Amalgamated Financial (NASDAQ:AMAL – Get Free Report) last released its earnings results on Thursday, April 23rd. The company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.15). The business had revenue of $91.36 million for the quarter, compared to the consensus estimate of $91.16 million. Amalgamated Financial had a net margin of 22.33% and a return on equity of 13.89%. On average, equities analysts forecast that Amalgamated Financial Corp. will post 3.92 EPS for the current year.

Amalgamated Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Tuesday, May 5th were paid a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, May 5th. This represents a $0.68 annualized dividend and a yield of 1.5%. Amalgamated Financial’s dividend payout ratio is 19.77%.

Analysts Set New Price Targets

Several brokerages recently issued reports on AMAL. Zacks Research cut Amalgamated Financial from a “hold” rating to a “strong sell” rating in a research note on Friday, May 1st. Piper Sandler increased their price objective on Amalgamated Financial from $41.00 to $44.00 and gave the stock a “neutral” rating in a research note on Monday, April 27th. Finally, Weiss Ratings raised Amalgamated Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Amalgamated Financial currently has an average rating of “Hold” and a consensus price target of $44.00.

Get Our Latest Research Report on Amalgamated Financial

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of AMAL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Amalgamated Financial by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,654 shares of the company’s stock worth $306,000 after purchasing an additional 468 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Amalgamated Financial by 17.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 65,110 shares of the company’s stock valued at $1,872,000 after acquiring an additional 9,500 shares in the last quarter. Jane Street Group LLC boosted its position in Amalgamated Financial by 373.1% during the 1st quarter. Jane Street Group LLC now owns 44,284 shares of the company’s stock valued at $1,273,000 after acquiring an additional 34,923 shares in the last quarter. Legal & General Group Plc boosted its position in Amalgamated Financial by 11.6% during the 2nd quarter. Legal & General Group Plc now owns 21,476 shares of the company’s stock valued at $670,000 after acquiring an additional 2,231 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Amalgamated Financial by 27.9% during the 2nd quarter. Rhumbline Advisers now owns 35,442 shares of the company’s stock valued at $1,106,000 after acquiring an additional 7,741 shares in the last quarter. Institutional investors own 75.93% of the company’s stock.

Amalgamated Financial Company Profile

(Get Free Report)

Amalgamated Financial Corp. (NASDAQ: AMAL) is the bank holding company for Amalgamated Bank, a fully insured commercial bank with a historic mission of serving labor unions, progressive non-profits and mission-driven organizations. Founded in 1923 by the Amalgamated Clothing Workers of America, Amalgamated Bank has grown into a national institution offering a broad suite of banking services, including deposit accounts, commercial and consumer lending, cash management, and treasury solutions tailored to organizations with social responsibility or union affiliations.

In addition to core banking, Amalgamated Financial provides wealth management and trust services, retirement plan consulting and impact investing strategies.