On October 30, 2024, Sean Searby, Executive Vice President and Chief Operating Officer of Amalgamated Financial Corp (AMAL, Financial), sold 8,000 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 15,802 shares of Amalgamated Financial Corp.
Amalgamated Financial Corp, a financial institution, primarily provides commercial banking and trust services. The company operates through its branches, offering a range of banking products and services to both individuals and businesses.
Over the past year, Sean Searby has engaged in multiple transactions involving the company's stock, selling a total of 13,500 shares and purchasing none. This recent sale is part of a broader trend observed within the company, where insider activity has predominantly leaned towards selling. In the past year, there has been only 1 insider buy compared to 17 insider sells.
Shares of Amalgamated Financial Corp were trading at $34.14 on the day of the sale. The company currently holds a market cap of approximately $1.028 billion. The price-earnings ratio stands at 9.86, which is below both the industry median of 10.51 and the company's historical median.
According to the GF Value, the intrinsic value of Amalgamated Financial Corp's stock is estimated at $27.16, making the current price-to-GF-Value ratio 1.26. This suggests that the stock is Modestly Overvalued.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates provided by Morningstar analysts.
This insider sale might be of interest to current and potential investors, as it provides insight into the actions and sentiment of key executives within Amalgamated Financial Corp.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
