Amalgamated Bank Announces $25 Million Share Repurchase Program
Amalgamated Financial Corp. (AMAL)
Last amalgamated financial corp. earnings: 4/30 06:25 am
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US:NASDAQ Investor Relations:
amalgamatedbank.com/contact/investor-relations
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Source: GlobeNewswire
NEW YORK, May 29, 2019 (GLOBE NEWSWIRE) -- Amalgamated Bank (Nasdaq: AMAL) (the “Company”) today announced that its Board of Directors has authorized the repurchase of up to $25,000,000 of the Company’s Class A common stock ($0.01 par value per share). The Company intends to fund the program with a combination of cash on hand and cash generated from operations. “As we strive to expand our franchise and meet the needs of values based institutions, we will continue to maintain a thoughtful and balanced capital allocation strategy focused on growth, both organic and through accretive acquisitions, as well as a steady return of capital to our shareholders through the Company’s quarterly dividend,” commented Keith Mestrich, President and Chief Executive Officer. “Our Board of Directors’ decision to authorize this share buyback program provides additional flexibility to create value for shareholders when we see our shares trading below what we believe to be their intrinsic value.” The
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AMAL
Earnings
- 4/25/24 - Beat
AMAL
Analyst Actions
- 4/4/24 - JP Morgan
AMAL
Sec Filings
- 4/30/24 - Form 4
- 4/25/24 - Form 8-K
- 4/24/24 - Form 8-K/A
- AMAL's page on the SEC website