CFO Sells Nearly 20,000 Shares of Regional Bank for More Than $960,000
Key Points
The executive disposed of 19,995 shares for an estimated ~$962,000 at a weighted average price of $48.10 per share.
The transaction size represented 27% of the equity held prior to the filing.
The transaction involved only directly held shares, leaving the executive with 53,850 shares in direct ownership.
The disposal follows a 70% one-year total return for the stock as of the September 10, 2026 transaction date.
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Senior Executive VP and CFO Jason Darby sold 19,995 shares of Amalgamated Financial Corp. (NASDAQ:AMAL) on Sept. 10, 2026, according to a recent SEC Form 4 filing.
Transaction summary
| Metric | Value |
|---|---|
| Transaction value | ~$962,000 |
| Shares sold | 19,995 |
| Post-transaction shares (directly held) | 53,850 |
| Post-transaction value | ~$2.6 million |
Transaction value based on SEC Form 4 weighted average sale price ($48.10); post-transaction value based on Sept. 10, 2026, market close ($48.52).
Key questions
- What were the execution price parameters for this sale?
The shares were sold in multiple transactions at prices ranging from $47.24 to $48.54 per share. - What is the extent of the executive's remaining direct equity position?
Jason Darby continues to hold 53,850 shares directly, which represents an insider ownership stake of 0.18%. - What is the current market valuation of the remaining common stock?
Based on the Sept. 11, 2026, market close price of $47.87, the remaining shares held by the CFO are valued at approximately $2.6 million.
Company Overview
| Metric | Value |
|---|---|
| Share Price (as of market close 2026-09-11) | $47.87 |
| Market Capitalization | $1.40 billion |
| Revenue (TTM) | $485.40 million |
| Net Income (TTM) | $113.40 million |
Company Snapshot
- Amalgamated Financial Corp. provides comprehensive financial services, including commercial and retail banking, investment management, and trust and custody solutions to businesses and individual customers across the United States.
- The company generates revenue through deposit account offerings, including non-interest-bearing and interest-bearing checking, savings, money market, and certificate of deposit products, complemented by investment management and trust services.
- The institution serves a diversified customer base comprising both commercial enterprises and retail clients seeking full-service banking and wealth management solutions.
Amalgamated Financial Corp., established in 1923 and headquartered in New York City, operates as a regional financial institution with 450 employees and a market capitalization of $1.40 billion. The company has demonstrated strong performance with TTM net income of $113.40 million on revenue of $485.40 million, reflecting a net profit margin of approximately 23.35%. As a regional bank with diversified revenue streams spanning deposit products, investment management, and trust services, Amalgamated maintains a competitive position within the regional banking sector.
What this transaction means for investors
Retail investors should always remember that insider transactions happen for many reasons. Often, they occur for rather mundane reasons, such as tax withholding or prearranged sales. Therefore, investors are best served by reviewing a company's fundamentals. With that in mind, let's have a closer look at Amalgamated Financial (AMAL).
Let's begin with AMAL's recent performance. Since 2021, AMAL stock has generated a total return of 256%, equating to a compound annual growth rate (CAGR) 29%. That's far ahead of the S&P 500, which has delivered a total return of 83%, with a CAGR of 12.9%.
As for its core fundamentals, most look quite good. AMAL is a regional bank, so net interest margin (NIM) is a key metric. It represents the spread between interest paid to its depositors and interest collected on its issued loans. AMAL's NIM stands at 3.80%, which is quite strong. In addition, the company has recorded $484 million in revenue and $113 million in net income over the last 12 months.
On the other hand, AMAL has some of the risks common to any regional bank. The company is highly exposed to the New York City metro economy. Moreover, rising interest rates can dampen demand for loans, weighing on any regional bank that depends on loan growth to drive profitability.
All in all, AMAL is a stock investors should know. It has demonstrated excellent performance in recent years, and it also has solid fundamentals backing its impressive outperformance. That said, it retains many of the vulnerabilities common to regional banks.
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Jake Lerch has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
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