Amalgamated Financial SEVP Sam Brown sells fractional stock

Amalgamated Financial Corp.'s Senior Executive Vice President and Chief Banking Officer, Sam D. Brown, divested 3.6987 shares of the company's stock on September 1, 2026. The shares were sold at varying prices between $47.26 and $48.07, resulting in a total dollar value of $0. At the time of the transaction, AMAL shares were trading at $49.04, reflecting a 72% increase over the past year and a 55% gain year-to-date.

Additionally, on the same day, Brown withheld 2,192 shares worth $47.34 each, totaling $103,769, to fulfill tax obligations for a restricted stock unit installment awarded on September 1, 2025. Following these actions, Brown currently owns 56,608.96 shares of Amalgamated Financial common stock, in addition to 687 shares acquired through the Employee Stock Purchase Plan and 124.7387 shares from dividend reinvestment programs.

InvestingPro analysts suggest that AMAL stock is currently undervalued, trading below its fair value, and recommends further exploration through 10 ProTips for potential investors.

Amalgamated Financial Corp. recently reported strong second-quarter 2026 earnings, exceeding Wall Street expectations with earnings per share of $1.15 on revenue of $98.4 million. This marks a record net income of $34.8 million for the bank. Raymond James analysts have initiated coverage on Amalgamated Bank with an outperform rating and a price target of $55.00, citing the bank's strong profitability and low-cost deposit structure as key growth drivers. These recent developments highlight the bank's robust financial health and strategic positioning.