United Workers Sells 228,284 Shares of Amalgamated Financial (NASDAQ:AMAL) Stock

September 16, 2026 by InsiderTrades.com

Key Points

Major shareholder United Workers sold 228,284 Amalgamated Financial shares at an average $47.84, generating approximately $10.9 million and reducing its position by 37.96% to 373,022 shares. The shareholder has made several additional sales in recent weeks.
Amalgamated Financial shares opened at $46.99, down 1.7%, while trading near the upper end of their 52-week range. The company recently beat quarterly earnings and revenue estimates and pays a $0.17 quarterly dividend.
Analysts maintain a generally positive outlook, with three Buy ratings and two Hold ratings producing a Moderate Buy consensus and an average price target of $54, above the reported share price.

Amalgamated Financial Corp. (NASDAQ:AMAL - Get Free Report) major shareholder United Workers sold 228,284 shares of the firm's stock in a transaction on Monday, September 14th. The shares were sold at an average price of $47.84, for a total value of $10,921,106.56. Following the completion of the transaction, the insider owned 373,022 shares of the company's stock, valued at approximately $17,845,372.48. This represents a 37.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

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

On Friday, September 11th, United Workers sold 234,128 shares of Amalgamated Financial stock. The stock was sold at an average price of $47.88, for a total value of $11,210,048.64.
On Wednesday, September 9th, United Workers sold 79,649 shares of Amalgamated Financial stock. The stock was sold at an average price of $47.91, for a total transaction 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 shares were 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 shares were 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 stock was 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 shares were sold at an average price of $48.12, for a total transaction of $3,538,504.20.

Amalgamated Financial Trading Down 1.7%

Shares of AMAL opened at $46.99 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 0.64 and a quick ratio of 0.63. The firm has a 50 day simple moving average of $48.63 and a 200-day simple moving average of $43.92. Amalgamated Financial Corp. has a 1-year low of $25.13 and a 1-year high of $51.59. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 12.53 and a beta of 0.79.

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

Amalgamated Financial Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AMAL. 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. Zacks Research raised 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 report on Thursday, September 3rd. They issued an "outperform" rating and a $55.00 price objective for the company. Piper Sandler upped 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. Finally, Keefe, Bruyette & Woods raised their target price on shares of Amalgamated Financial from $53.00 to $54.00 and gave the stock an "outperform" rating in a research report on Friday, July 24th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Amalgamated Financial has an average rating of "Moderate Buy" and a consensus price target of $54.00.

Check Out Our Latest Stock Report on Amalgamated Financial

Hedge Funds Weigh In On Amalgamated Financial

Several institutional investors have recently added to or reduced their stakes in AMAL. BlackRock Inc. purchased a new position in Amalgamated Financial during the second quarter worth about $156,331,000. Bank of America Corp DE acquired a new position in shares of Amalgamated Financial during the 2nd quarter valued at about $7,771,000. Bank of New York Mellon Corp acquired a new position in shares of Amalgamated Financial during the 2nd quarter valued at about $6,931,000. Empowered Funds LLC purchased a new position in shares of Amalgamated Financial during the 2nd quarter worth about $6,459,000. Finally, Bessemer Group Inc. lifted its holdings in shares of Amalgamated Financial by 46.6% during the 1st quarter. Bessemer Group Inc. now owns 150,263 shares of the company's stock worth $5,841,000 after acquiring an additional 47,770 shares during the period. 75.93% of the stock is currently owned by institutional investors and hedge funds.

Amalgamated Financial News Summary

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

Amalgamated Financial Company Profile

(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.