Amalgamated Financial Corp. $AMAL Shares Sold by KBC Group NV

KBC Group NV reduced its position in shares of Amalgamated Financial Corp. (NASDAQ:AMAL) by 22.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,431 shares of the company’s stock after selling 30,018 shares during the period. KBC Group NV’s holdings in Amalgamated Financial were worth $3,981,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Amalgamated Financial by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,654 shares of the company’s stock worth $306,000 after purchasing an additional 468 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Amalgamated Financial by 17.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 65,110 shares of the company’s stock valued at $1,872,000 after buying an additional 9,500 shares during the period. Jane Street Group LLC boosted its stake in shares of Amalgamated Financial by 373.1% in the first quarter. Jane Street Group LLC now owns 44,284 shares of the company’s stock valued at $1,273,000 after buying an additional 34,923 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Amalgamated Financial by 11.6% in the second quarter. Legal & General Group Plc now owns 21,476 shares of the company’s stock valued at $670,000 after buying an additional 2,231 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in Amalgamated Financial by 27.9% during the second quarter. Rhumbline Advisers now owns 35,442 shares of the company’s stock worth $1,106,000 after acquiring an additional 7,741 shares during the period. Institutional investors and hedge funds own 75.93% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on AMAL shares. Zacks Research upgraded Amalgamated Financial from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. Piper Sandler boosted their target price on shares of Amalgamated Financial from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, June 26th. Finally, Weiss Ratings cut shares of Amalgamated Financial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $48.00.

Key Amalgamated Financial News

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

• Positive Sentiment: Amalgamated Financial reported Q2 2026 earnings of $1.10 per share, beating the $1.00 consensus estimate and improving from $0.88 a year ago. Revenue also topped forecasts at $96.1 million versus $92.09 million expected. Article Title
• Positive Sentiment: The company said the quarter delivered record profitability, with margin rising to 3.78%, and management raised guidance, which supports the bullish reaction in the stock. Article Title
• Positive Sentiment: Amalgamated Bank also highlighted a strong balance sheet and differentiated deposit franchise, which likely reinforced investor confidence in the earnings quality. Article Title
• Neutral Sentiment: The board also declared a quarterly dividend of $0.17 per share, signaling continued capital return to shareholders, though this is not likely the main driver of today’s move.

Insider Activity

In other news, CFO Jason Darby sold 3,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $43.30, for a total value of $129,900.00. Following the completion of the transaction, the chief financial officer owned 79,343 shares in the company, valued at $3,435,551.90. This trade represents a 3.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Maryann Bruce sold 2,089 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $41.39, for a total transaction of $86,463.71. Following the transaction, the director directly owned 19,942 shares of the company’s stock, valued at approximately $825,399.38. This trade represents a 9.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 7,589 shares of company stock worth $325,139 over the last 90 days. 1.63% of the stock is currently owned by corporate insiders.

Amalgamated Financial Price Performance

Shares of NASDAQ:AMAL opened at $48.66 on Friday. The business’s 50 day simple moving average is $44.27 and its 200-day simple moving average is $40.91. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 14.15 and a beta of 0.79. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.64 and a quick ratio of 0.64. Amalgamated Financial Corp. has a 12 month low of $25.13 and a 12 month high of $49.08.

Amalgamated Financial (NASDAQ:AMAL) last released its quarterly earnings data on Thursday, July 23rd. The company reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.10. Amalgamated Financial had a return on equity of 13.89% and a net margin of 22.33%.The firm had revenue of $96.10 million during the quarter, compared to the consensus estimate of $92.09 million. As a group, equities analysts forecast that Amalgamated Financial Corp. will post 3.92 earnings per share for the current fiscal year.

Amalgamated Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 20th. Shareholders of record on Tuesday, August 4th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, August 4th. This represents a $0.68 annualized dividend and a yield of 1.4%. Amalgamated Financial’s dividend payout ratio is 19.77%.

Amalgamated Financial Profile

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.