Amalgamated Financial (NASDAQ:AMAL) Major Shareholder United Workers Sells 234,128 Shares

Posted by Geri Gentry on Sep 16th, 2026

Amalgamated Financial Corp. (NASDAQ:AMAL – Get Free Report) major shareholder United Workers sold 234,128 shares of the stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $47.88, for a total value of $11,210,048.64. Following the transaction, the insider owned 399,567 shares in the company, valued at $19,131,267.96. This trade represents a 36.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 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 Monday, September 14th, United Workers sold 228,284 shares of Amalgamated Financial stock. The stock was sold at an average price of $47.84, for a total value of $10,921,106.56.
On Wednesday, September 9th, United Workers sold 79,649 shares of Amalgamated Financial stock. The shares were sold at an average price of $47.91, for a total value of $3,815,983.59.
On Tuesday, September 8th, United Workers sold 42,910 shares of Amalgamated Financial stock. The shares were sold at an average price of $48.56, for a total transaction of $2,083,709.60.
On Friday, September 4th, United Workers sold 68,783 shares of Amalgamated Financial stock. The stock was sold at an average price of $49.20, for a total transaction of $3,384,123.60.
On Thursday, September 3rd, United Workers sold 44,658 shares of Amalgamated Financial stock. The stock was sold at an average price of $49.43, for a total transaction of $2,207,444.94.
On Wednesday, September 2nd, United Workers sold 44,244 shares of Amalgamated Financial stock. The shares were sold at an average price of $48.19, for a total transaction of $2,132,118.36.
On Tuesday, September 1st, United Workers sold 15,000 shares of Amalgamated Financial stock. The shares were 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 stock was sold at an average price of $48.12, for a total transaction of $3,538,504.20.

Amalgamated Financial Stock Performance

NASDAQ:AMAL opened at $46.99 on Wednesday. The company has a market cap of $1.41 billion, a P/E ratio of 12.53 and a beta of 0.79. The firm’s 50 day moving average is $48.63 and its two-hundred day moving average is $43.92. Amalgamated Financial Corp. has a fifty-two week low of $25.13 and a fifty-two week 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 released its quarterly earnings data on Thursday, July 23rd. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.10. The business had revenue of $96.10 million during the quarter, compared to the consensus estimate of $92.09 million. Amalgamated Financial had a return on equity of 14.30% and a net margin of 23.34%. Analysts expect that Amalgamated Financial Corp. will post 4.06 EPS for the current year.

Amalgamated Financial Dividend Announcement

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

Institutional Investors Weigh In On Amalgamated Financial

Large investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of Amalgamated Financial during the 2nd quarter valued at about $156,331,000. Bank of America Corp DE acquired a new stake in Amalgamated Financial in the second quarter valued at approximately $7,771,000. Bank of New York Mellon Corp acquired a new stake in Amalgamated Financial in the second quarter valued at approximately $6,931,000. Bessemer Group Inc. raised its stake in shares of Amalgamated Financial by 46.6% during the first quarter. Bessemer Group Inc. now owns 150,263 shares of the company’s stock valued at $5,841,000 after purchasing an additional 47,770 shares during the period. Finally, Empowered Funds LLC purchased a new stake in shares of Amalgamated Financial during the second quarter valued at approximately $6,459,000. Institutional investors and hedge funds own 75.93% of the company’s stock.

More Amalgamated Financial News

Here are the key news stories impacting Amalgamated Financial this week:

Positive Sentiment: Amalgamated Financial’s most recent reported quarterly results were solid, with earnings and revenue exceeding analyst expectations. However, no new earnings or business update was included in the latest news.
Neutral Sentiment: The SEC filings appear to report matching sales by United Workers and States Regional Joint Western, which may represent related or duplicate beneficial-ownership disclosures. Investors should review the filings to determine the entities’ combined economic exposure. SEC ownership filing
Negative Sentiment: Major shareholder United Workers disclosed sales of 228,284 Amalgamated Financial shares on September 14 at an average price of $47.84, worth approximately $10.9 million. The sale reduced its reported position by 37.96%, leaving 373,022 shares. United Workers SEC filing
Negative Sentiment: The same major shareholder also reported selling 234,128 shares on September 11 at an average price of $47.88, generating roughly $11.2 million and cutting its position by 36.95%. CFO and insider sales report
Negative Sentiment: Separate coverage also reported that Amalgamated Financial’s CFO sold nearly 20,000 shares for more than $960,000. Multiple insider transactions can weigh on sentiment because they increase perceived near-term supply and may signal that insiders view the recent valuation as an opportunity to realize gains. Amalgamated Financial insider selling report

Analyst Ratings Changes

AMAL has been the topic of several research analyst reports. Keefe, Bruyette & Woods lifted their price objective on Amalgamated Financial from $53.00 to $54.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Weiss Ratings raised shares of Amalgamated Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, August 5th. Zacks Research upgraded shares of Amalgamated Financial from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Raymond James Financial initiated coverage on shares of Amalgamated Financial in a research note on Thursday, September 3rd. They issued an “outperform” rating and a $55.00 target price on the stock. Finally, Piper Sandler lifted their target price on shares of Amalgamated Financial from $48.00 to $53.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $54.00.

View Our Latest Analysis on AMAL

About Amalgamated Financial

(Get Free Report)

Amalgamated Financial Corporation is the holding company for Amalgamated Bank, a full-service commercial bank founded in 1923 by the Amalgamated Clothing Workers of America. The bank provides banking and financial services to consumers, businesses, nonprofit organizations, labor unions, political organizations and other mission-driven institutions.

Its products and services include commercial and consumer deposit accounts, lending, cash management, payment processing, online and mobile banking, investment management and related treasury services.