Amalgamated Financial CFO Jason Darby sells $961,827 in stock
Amalgamated Financial Corp.'s CFO, Jason Darby, disposed of 19,995 shares of the company's stock on September 10, 2026, generating $961,827 in proceeds. This sale occurred at a price range of $47.2401 to $48.535 per share, with Mr. Darby retaining 53,850.90 shares of Amalgamated Financial Corp. common stock thereafter. The insider transaction comes as the company's stock is trading at $47.87, close to its 52-week high of $51.59, following a strong 68.6% gain over the past year.
Despite the recent insider sale, InvestingPro analysts still view the stock as undervalued, with a Fair Value estimate of $55.55 and 10 ProTips identifying potential upside opportunities. In additional news, Amalgamated Financial reported robust Q2 2026 earnings, with $1.15 earnings per share and $98.4 million in revenue, surpassing analyst expectations.
The company also announced record net income of $34.8 million. Raymond James recently upgraded its coverage on Amalgamated Bank to an outperform rating, setting a price target of $55.00, citing strong, profitable operations and a low-cost deposit franchise as key strengths.
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