CFO of Amalgamated Financial Corp Sells Nearly $1 Million Worth of Shares
On September 10, 2026, Jason Darby, CFO and Senior Executive VP at Amalgamated Financial Corp (NASDAQ:AMAL), sold nearly 20,000 shares for approximately $962,000. The sale occurred in multiple transactions between $47.24 and $48.54 per share. Darby still holds over 53,850 shares directly valued at around $2.6 million based on the closing price of September 11, representing an insider ownership stake of 0.18%. The company reported a strong net profit margin of approximately 23.35% with TTM revenue and net income of $485.40 million and $113.40 million respectively. The article notes that while such transactions can have various motivations, including tax-related or prearranged sales, investors are advised to focus on the company's fundamentals rather than isolated insider trades. Amalgamated Financial Corp has delivered a total return of 256% since 2021 compared to the S&P 500’s 83%. However, it faces risks tied to its exposure in the New York City metro area and sensitivity to interest rate fluctuations.
Tickers: $AMAL
Topics: financial_services SEC_filings stock_sales