Amalgamated Financial (AMAL)
Operator of Amalgamated Bank, serving mission-aligned commercial, trust, and consumer clients.
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Operates as a public-benefit bank holding company for Amalgamated Bank, with commercial banking, trust and investment management, and consumer banking divisions. The franchise centers on values-based clients such as labor unions, nonprofits, foundations, political organizations, socially responsible businesses, and individuals.
Runs Amalgamated Bank through one reportable banking-operations segment, organized around Commercial Banking, Trust and Investment Management, and Consumer Banking. Products include commercial and consumer deposits, C&I loans, commercial real estate, multifamily lending, residential solar consumer loans, online banking, treasury services, trust, custody, and investment-management offerings.
Commercial banking and trust are national in scope, while the branch footprint is concentrated in New York City, Washington, D.C., and San Francisco, with a Boston commercial office and a digital platform. The franchise gathers core deposits from values-based commercial and consumer clients.
Union origins and public-benefit status shape customer selection and governance. Workers United remains a significant shareholder, political deposits are election-cycle seasonal, and ESG or DEI positioning can draw scrutiny or opposition.
Company facts
Categories
Target rangeAs of Sep 2, 2026
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 27, 2026 | Piper Sandler | Reiterate | Neutral | $48 | $53 |
| Jun 26, 2026 | Piper Sandler | Reiterate | Neutral | $44 | $48 |
| Apr 27, 2026 | Piper Sandler | Target | $27 | $44 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $4.2M · Total debt $78.8M · Total assets $9.41B · Shareholders' equity $835.0M
- Revenue
- $129.5M
- Operating income
- $46.6M
- Net income
- $34.8M
Raised for 6 straight years — most recently to $0.17 from $0.14 in Feb 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 4, 2026 | Aug 4 | Aug 20 | $0.17 | |
| May 5, 2026 | May 5 | May 21 | $0.17 | |
| Feb 3, 2026 | Feb 3 | Feb 19 | $0.17 | raised from $0.14 |
| Nov 5, 2025 | Nov 5 | Nov 20 | $0.14 | |
| Aug 5, 2025 | Aug 5 | Aug 21 | $0.14 | |
| May 6, 2025 | May 6 | May 22 | $0.14 | |
| Feb 11, 2025 | Feb 11 | Feb 27 | $0.14 | raised from $0.12 |
| Nov 5, 2024 | Nov 5 | Nov 21 | $0.12 |
| Institutions197 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | ≈ 59.17% | 17.69M shares | |
| Insiders27 holders · as of Sep 2, 2026 | 52.48% | 15.69M shares | |
| Strategic holders1 holder · as of Jan 21, 2026 | 5.43% | 1.62M shares | |
| Adds to | 117.08% |
29.90M company shares as of Sep 3, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 117.08%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Regional Joint Board Workers United RochesterInsider10 percent owner | 25.23% | 7.54M | Form 4filed Nov 7, 2024 ↗ |
United WorkersInsider10 percent owner | 23.37% | 6.99M | Form 4filed Sep 2, 2026 ↗ |
BlackRock, Inc.Institution | 11.39% | 3.41M | 13Fas of Jun 30, 2026 |
BlackRock Portfolio Management LLCStrategic | 5.43% | 1.62M | 13Gfiled Jan 21, 2026 ↗ |
Dimensional Fund Advisors LPInstitution | 4.71% | 1.41M | 13Fas of Jun 30, 2026 |
| See all 25 → | |||
13F — a manager's quarterly holdings · 13D/13G — an ownership statement filed at 5% or more · Form 4 — an insider's transaction report
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 2, 2026 | States Regional Joint Board Workers United Western | 10 percent owner | −44,244 | $48.19 |
| Sep 1, 2026 | States Regional Joint Board Workers United Western | 10 percent owner | −15,000 | $47.28 |
| Aug 31, 2026 | States Regional Joint Board Workers United Western | 10 percent owner | −73,535 | $48.12 |
| Sep 2, 2026 | United Workers | 10 percent owner | −44,244 | $48.19 |
| Sep 1, 2026 | United Workers | 10 percent owner | −15,000 | $47.28 |
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ComparePre-market
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Amalgamated Financial | $48.99 | +1.72% | $1.44B | 12.8 | 11.2 | 3.0 | +18.8% |
| Metropolitan Bank | $91.31 | −0.19% | $1.13B | 11.6 | 8.9 | 2.7 | +22.0% |
| Dime Commercial Bancshares | $40.40 | −0.05% | $1.78B | 14.5 | 10.6 | 2.4 | +17.1% |
| Flagstar Bank | $13.77 | +2.05% | $5.62B | 725.3 | 17.2 | 1.3 | +4.0% |
| Customers Bancorp | $78.36 | −0.42% | $2.66B | 9.6 | 8.8 | 1.8 | +12.4% |
| Eastern Bankshares | $22.08 | +0.30% | $5.09B | 12.5 | 10.9 | 3.6 | +29.6% |
| Bank of Marin | $27.03 | −0.14% | $437.8M | 6.6 | 11.7 | 2.2 | +73.1% |
| Webster Financial | $77.57 | −0.51% | $12.57B | 12.6 | 11.6 | 2.9 | +3.4% |
| Median | 12.5 | 10.9 | 2.4 | +17.1% |