Amalgamated Financial's chief HR officer sells $18,596 in stock

Graham Tyrone, Executive Vice President and Chief Human Resources Officer at Amalgamated Financial Corp. (NASDAQ:AMAL), recently sold 740 shares of the company's common stock. The shares were sold at a weighted average price of $25.13, totaling approximately $18,596. This transaction was part of a pre-established Rule 10b5-1 trading plan, which Tyrone adopted in December 2024. The sale comes as AMAL, currently valued at $839.61 million, trades at a P/E ratio of 7.82 and offers a 2.16% dividend yield. According to InvestingPro analysis, the stock appears overvalued at current levels.

The sale occurred on April 7, 2025, and following the transaction, Tyrone holds 13,954 shares directly. The shares were sold in multiple transactions, with prices ranging from $25.03 to $25.37. The stock has experienced a significant 10.7% decline over the past week, though InvestingPro data shows the company maintains a GREAT financial health score of 3.01. For deeper insights into AMAL's valuation and financial metrics, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.

In other recent news, Amalgamated Financial Corp. has announced a new $40 million share repurchase program for its Class A common stock, replacing a previous plan that had $18.7 million remaining. Keefe, Bruyette & Woods reaffirmed an Outperform rating for Amalgamated Bank , viewing the buyback as a positive move, especially amid recent market conditions. The new authorization has no expiration date, allowing Amalgamated flexibility in its buyback strategy. Additionally, Amalgamated Financial Corp. has secured a 15-year lease for its new headquarters at 99 Park Avenue, New York, reflecting a significant investment in its infrastructure.

In Oklahoma City, Amalgamated Bank has funded the first adjustable-rate financing under the C-PACE Program for the Alley North Office development, marking a milestone in sustainable construction. The financing will support energy-efficient features in the new multi-story building, enhancing its sustainability credentials. Furthermore, Amalgamated Financial Corp. introduced a Bonus Deferral Plan for executives, allowing the deferral of bonuses into deferred stock units. This plan coincides with an amended employment agreement for CEO Priscilla Sims Brown, setting her base salary at $1,080,000 with additional incentives. These developments highlight Amalgamated Financial's strategic initiatives and ongoing commitment to sustainability and operational growth.

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