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Insider Cluster (2 insiders) ·Filed Sep 2, 2026

AMAL

Amalgamated Financial Corp.
NEUTRAL
Impact 4/10
Horizonweeks Processed1mo ago
Insider cluster: 2 insiders, $1.4M total
Actionable Insight • Neutral

Monitor whether the 10% owner selling accelerates or stabilizes. The $12.8M in 30-day insider selling is notable but concentrated in union-affiliated 10% owners, not management — likely fund rebalancing rather than informed selling. A break below $46 (recent cluster low) would warrant closer scrutiny; otherwise, treat as noise in an otherwise constructive setup.

DirectionNeutral
Confidencemedium
Horizonweeks
Latest settled — T+20d ⚠ clustered
AMAL ▼ -1.73% at T+20d
NEUTRAL call -1.73% · α vs SPY -0.55% · entry $49.04 → $48.19
Next anchor: T+60d in 4w
Latest observation: T+35 +4.23% FF3 residual α
Entry = T+0 close
Sep 2, 2026
via day close
T+1d
+0.27%
call +0.27% · α +0.65%
$49.17
settled 8w ago
T+5d
-2.39%
call -2.39% · α -1.24%
$47.87
settled 7w ago
T+20d
-1.73%
call -1.73% · α -0.55%
$48.19
settled 26d ago
T+60d
Pending
in 4w

Price Chart

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Executive Summary

Two 10% owners (Workers United and Western States Regional Joint Board) sold a combined $1.42M in AMAL stock on September 1, 2026, at ~$47.28/share. This follows a larger $12.8M in insider selling over the prior 30 days, creating a sustained distribution pattern from the company's largest non-institutional holders. The selling is material in absolute dollars but represents only ~0.1% of AMAL's $1.4B market cap, placing it at the low end of the proportionality band for a bank stock with strong analyst consensus (75% bullish). The cluster is purely sells from 10% owners, not C-suite, which per academic literature carries weaker informational signal than insider buys or C-suite sells. The cross-filing actuarial verdicts flag multiple amplifiers for cluster-insider-trades combinations, but the standalone content is modest — the dollar value is below the 0.5% market cap threshold for significant impact, and 10% owner sells are often liquidity-driven (union fund rebalancing) rather than informed trading against the company's outlook. No C-suite sells in this cluster; the single EVP trade was tax withholding ($72K, non-informative). The selling is notable for its persistence but not alarming in scale relative to market cap or analyst sentiment.

Key Financial Metrics

Direction
selling
Total Value
$1.4M
Insiders
2

Key Facts

  • Two 10% owners (Workers United, Western States Regional Joint Board) sold 15,000 shares each on 2026-09-01 at ~$47.28, totaling $1.42M
  • Total insider selling over prior 30 days: $12.8M across 7 transactions
  • Selling represents ~0.1% of AMAL's $1.4B market cap — below the 0.5% materiality threshold
  • No C-suite open-market sales in this cluster; the only non-10% owner trade was an EVP tax withholding ($72K, non-informative)
  • Analyst consensus is 75% bullish (6 Buy, 2 Hold, 0 Sell) with $1.4B market cap

Financial Impact

Two 10% owners sold $1.42M combined at ~$47.28/share; prior 30-day total insider selling of $12.8M represents ~0.9% of market cap

insider selling volumeownership concentration

Risk Factors

  • Persistent 10% owner selling could signal reduced long-term conviction from largest non-institutional holders
  • If selling accelerates beyond $2M/week from 10% owners, it could pressure the stock regardless of fundamentals
  • Union fund selling may be liquidity-driven but creates a visible overhang that could deter new institutional accumulation

Market Snapshot

Exchange
Nasdaq
Sector
State Commercial Banks
Analyst Consensus
75% bullish (8 analysts)

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-AMAL-1788472049117
26 reports for AMAL
Performance horizon
78% Hit rate @ T+20 7 of 9 directional calls Went positive at some point 9 of 10 best @ T+60▲ +8.76%Feb 28, 2026
Filters
Rows
Reports for AMAL — sortable, filterable
TypeNow
Oct 22, 2026
5d ago
8-K
BULLISH ★ 6/10
$50.31awaiting T+20—$51.37 (+2.11%)
Oct 20, 2026
6d ago
8-K
NEUTRAL ★ 2/10
$47.82awaiting T+20—$51.37 (+7.42%)
Sep 17, 2026
5w ago
Insider Cluster
BEARISH ★ 6/10
$47.40 $47.13▲ +0.57%▲ +0.77%$51.37 (−8.38%)
Sep 15, 2026
5w ago
Insider Cluster
BEARISH ★ 5/10
$46.62 $46.52▲ +0.21%▲ +2.28%$51.37 (−10.19%)
Sep 11, 2026
6w ago
Insider Cluster
NEUTRAL ★ 4/10
$47.78 $46.88▼ −1.88%▼ −4.15%$51.37 (+7.51%)
Sep 11, 2026
6w ago
Insider Cluster
BEARISH ★ 5/10
$47.78 $46.88▲ +1.88%▲ +4.15%$51.37 (−7.51%)
Sep 10, 2026
6w ago
Insider Cluster
BEARISH ★ 5/10
$47.87 $46.58▲ +2.69%▲ +4.56%$51.37 (−7.31%)
Sep 8, 2026
6w ago
Insider Cluster
BEARISH ★ 6/10
$47.83 $46.63▲ +2.51%▲ +4.45%$51.37 (−7.40%)
Sep 2, 2026
7w ago
Insider Cluster
NEUTRAL ★ 4/10
$49.04 $48.19▼ −1.73%▼ −0.55%$51.37 (+4.75%)
Sep 2, 2026
7w ago
Insider Cluster
NEUTRAL ★ 3/10
$49.04 $48.19▼ −1.73%▼ −0.55%$51.37 (+4.75%)
Showing 10 of 26

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Report published Sep 3, 2026