Amalgamated Financial (NASDAQ:AMAL) Major Shareholder Sells $2,083,709.60 in Stock

September 9, 2026 by InsiderTrades.com

Amalgamated Financial Corp. (NASDAQ:AMAL - Get Free Report) major shareholder States Regional Joint Western sold 42,910 shares of the business's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $48.56, for a total value of $2,083,709.60. Following the transaction, the insider owned 198,782 shares of the company's stock, valued at approximately $9,652,853.92. This trade represents a 17.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

States Regional Joint Western also recently made the following trade(s):

On Friday, September 4th, States Regional Joint Western 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, States Regional Joint Western sold 44,658 shares of Amalgamated Financial stock. The shares were sold at an average price of $49.43, for a total transaction of $2,207,444.94.
On Wednesday, September 2nd, States Regional Joint Western sold 44,244 shares of Amalgamated Financial stock. The stock was sold at an average price of $48.19, for a total transaction of $2,132,118.36.
On Tuesday, September 1st, States Regional Joint Western 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, States Regional Joint Western 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 Down 1.9%

Shares of Amalgamated Financial stock opened at $48.22 on Wednesday. The company has a market capitalization of $1.44 billion, a P/E ratio of 12.86 and a beta of 0.79. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.63 and a current ratio of 0.64. The company has a fifty day moving average of $48.47 and a 200 day moving average of $43.63. Amalgamated Financial Corp. has a fifty-two week low of $25.13 and a fifty-two week high of $51.59.

Amalgamated Financial (NASDAQ:AMAL - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $96.10 million for the quarter, compared to analysts' expectations of $92.09 million. On average, sell-side analysts anticipate that Amalgamated Financial Corp. will post 4.06 earnings per share for the current fiscal year.

Amalgamated Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Tuesday, August 4th were issued a $0.17 dividend. 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 payout ratio is currently 18.13%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. grew its holdings in shares of Amalgamated Financial by 56.7% in the second quarter. Osaic Holdings Inc. now owns 1,080 shares of the company's stock valued at $34,000 after purchasing an additional 391 shares in the last quarter. Compass Financial Management LLC purchased a new stake in Amalgamated Financial during the second quarter valued at $59,000. Arax Advisory Partners raised its stake in Amalgamated Financial by 187.1% during the fourth quarter. Arax Advisory Partners now owns 1,269 shares of the company's stock valued at $41,000 after purchasing an additional 827 shares in the last quarter. Royal Bank of Canada lifted its position in Amalgamated Financial by 143.8% during the first quarter. Royal Bank of Canada now owns 1,485 shares of the company's stock valued at $57,000 after purchasing an additional 876 shares during the last quarter. Finally, CWM LLC grew its stake in shares of Amalgamated Financial by 41.2% in the 4th quarter. CWM LLC now owns 1,880 shares of the company's stock worth $60,000 after buying an additional 549 shares in the last quarter. 75.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of Amalgamated Financial from $53.00 to $54.00 and gave the stock an "outperform" rating in a report on Friday, July 24th. Piper Sandler raised their target price 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 report on Thursday, June 25th. Weiss Ratings upgraded shares of Amalgamated Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, August 5th. Finally, Raymond James Financial began coverage on shares of Amalgamated Financial in a report on Thursday, September 3rd. They set an "outperform" rating and a $55.00 price objective for the company. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $54.00.

Read Our Latest Stock Analysis on AMAL

Key Stories Impacting Amalgamated Financial

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

Negative Sentiment: Major shareholders reported selling 42,910 shares on September 8 at an average price of $48.56, worth approximately $2.08 million. The sale reduced the reported position by 17.75%. September 8 SEC filing
Negative Sentiment: Additional reported sales totaled 68,783 shares on September 4 and 44,658 shares on September 3, for combined proceeds of about $5.59 million. Together with the September 8 transaction, the reported sales represent 156,351 shares and approximately $7.68 million in proceeds, reducing the major shareholders’ positions by roughly 14% to 23% in each transaction. Additional SEC filings
Neutral Sentiment: The disclosures are ownership transactions rather than announcements about earnings, guidance, dividends, or business performance. Investors may therefore interpret the selling as a shareholder-specific decision, but the repeated reductions can still weigh on sentiment and increase concern about insider or concentrated-holder selling.

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.