Insider Selling: Amalgamated Financial (NASDAQ:AMAL) Major Shareholder Sells $2,132,118.36 in Stock

Posted by Brian Himes on Sep 5th, 2026

Amalgamated Financial Corp. (NASDAQ:AMAL – Get Free Report) major shareholder United Workers sold 44,244 shares of the stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $48.19, for a total value of $2,132,118.36. Following the completion of the sale, the insider owned 6,988,727 shares in the company, valued at approximately $336,786,754.13. This trade represents a 0.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

United Workers also recently made the following trade(s):

On Tuesday, September 1st, United Workers sold 15,000 shares of Amalgamated Financial stock. The stock was sold at an average price of $47.28, for a total transaction of $709,200.00.
On Monday, August 31st, United Workers sold 73,535 shares of Amalgamated Financial stock. The shares were sold at an average price of $48.12, for a total transaction of $3,538,504.20.

Amalgamated Financial Trading Up 0.3%

Shares of NASDAQ:AMAL opened at $49.17 on Friday. The business has a 50 day moving average of $48.38 and a 200-day moving average of $43.50. The stock has a market cap of $1.47 billion, a PE ratio of 13.11 and a beta of 0.79. Amalgamated Financial Corp. has a 12-month low of $25.13 and a 12-month high of $51.59. The company has a quick ratio of 0.63, a current ratio of 0.64 and a debt-to-equity ratio of 0.08.

Amalgamated Financial (NASDAQ:AMAL – Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The company reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.10. Amalgamated Financial had a return on equity of 14.30% and a net margin of 23.34%.The firm had revenue of $96.10 million for the quarter, compared to analyst estimates of $92.09 million. As a group, equities research analysts forecast that Amalgamated Financial Corp. will post 4.06 earnings per share for the current year.

Amalgamated Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Tuesday, August 4th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $0.68 dividend on an annualized basis and a yield of 1.4%. Amalgamated Financial’s dividend payout ratio is currently 18.13%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AMAL. Raymond James Financial began coverage on shares of Amalgamated Financial in a research note on Thursday. They issued an “outperform” rating and a $55.00 price objective on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Amalgamated Financial from $53.00 to $54.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Piper Sandler increased their price objective on shares of Amalgamated Financial from $48.00 to $53.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. Zacks Research upgraded shares of Amalgamated Financial from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. Finally, Weiss Ratings raised shares of Amalgamated Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, August 5th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $54.00.

Get Our Latest Analysis on Amalgamated Financial

Institutional Investors Weigh In On Amalgamated Financial

Several hedge funds have recently added to or reduced their stakes in the business. Amundi acquired a new position in Amalgamated Financial in the 2nd quarter valued at approximately $228,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Amalgamated Financial during the second quarter worth $421,000. California State Teachers Retirement System grew its stake in shares of Amalgamated Financial by 4,999.4% in the second quarter. California State Teachers Retirement System now owns 837,124 shares of the company’s stock worth $38,424,000 after purchasing an additional 820,708 shares during the last quarter. Compass Financial Management LLC acquired a new stake in Amalgamated Financial in the second quarter valued at $59,000. Finally, Nwam LLC raised its position in Amalgamated Financial by 57.0% during the 2nd quarter. Nwam LLC now owns 27,204 shares of the company’s stock worth $1,249,000 after purchasing an additional 9,875 shares during the last quarter. 75.93% of the stock is currently owned by institutional investors and hedge funds.

About Amalgamated Financial

(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.