Senior Executive Vice President and Chief Financial Officer Jason Darby sold 4,000 shares of Amalgamated Financial Corp (AMAL, Financial) on November 11, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns 50,208 shares of the company.
Amalgamated Financial Corp operates as a financial holding company, primarily engaged in commercial banking, providing financial services to socially responsible and sustainable entities. The company's services include banking products and advisory services for consumers and businesses that align with ethical and social considerations.
Over the past year, Jason Darby has engaged in multiple transactions involving the company's stock, selling a total of 12,000 shares and purchasing none. This recent sale is part of a broader trend observed within the company, where insider activity has predominantly consisted of sales. Over the last year, there has been only 1 insider buy compared to 21 insider sells.
On the date of the latest transaction, shares of Amalgamated Financial Corp were priced at $36.59. This pricing positions the company with a market cap of approximately $1.12 billion. The price-earnings ratio of the stock stands at 10.79, slightly fluctuating around the industry median.
According to the GF Value, the intrinsic value of Amalgamated Financial Corp is estimated at $27.95 per share, making the current price represent a significant premium. The price-to-GF-Value ratio is 1.31, indicating that the stock is considered significantly overvalued.
The GF Value is calculated based on historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This sale by a key insider could be of interest to current and potential investors, providing insight into the perspectives of those closest to the company's financial and operational dynamics.
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.
