On September 3, 2024, Mandy Tenner, Executive Vice President and Chief Legal Officer of Amalgamated Financial Corp (AMAL, Financial), sold 3,242 shares of the company. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 15,350 shares of Amalgamated Financial Corp.
Amalgamated Financial Corp, a company specializing in banking and financial services, has a current market cap of $960.371 million. The company's shares were trading at $32.61 on the day of the sale.
Over the past year, Mandy Tenner has sold a total of 8,235 shares and has not made any purchases of the company's stock. This recent transaction continues a trend seen across the company, with 14 insider sells and only 1 insider buy over the same period.
The price-earnings ratio of Amalgamated Financial Corp stands at 9.70, which is below both the industry median of 10.235 and the company’s historical median.
According to the GF Value, the intrinsic value estimate for Amalgamated Financial Corp is $26.49 per share, making the stock Modestly Overvalued with a price-to-GF-Value ratio of 1.23. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates.
This insider sale might interest investors tracking insider behaviors as an indicator of potential stock performance, considering the broader context of insider transactions and company valuation metrics.
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.
