Edgar Romney - Amalgamated Bank President
| AMAL Stock | USD 36.10 0.42 1.15% |
President
Mr. Edgar Romney is Executive Vice President Northeast Regional Director, Director of the Bank. Mr. Romney Sr. briefly became President of Workers United upon its formation in March 2009 and was its SecretaryTreasurer since July 2009. He is also a member of the General Executive Board of Workers United and Vice President of Service Employees International Union, positions he has held since September 2009. Mr. Romney Sr. joined the former International Ladies Garment Workers Union in 1962 as a shipping clerk. He later became an Organizer and Business Agent with Local 99 ILGWU and, in 1976, was asked to serve as Director of Organization for the largest ILGWU affiliate Local 2325. Two years later, he was elected Assistant Manager of Local 2325, and in 1983, became the locals ManagerSecretary and an ILGWU Vice President. Mr. Romney Sr. served as ManagerSecretary of Local 23 25 until 2004, when he became Manager of the New York Metropolitan Area Joint Board, formed by the consolidation of the five local unions that represent apparel workers in the New York area. In 1989, Mr. Romney Sr. was elected ILGWU Executive Vice President, becoming the first AfricanAmerican to hold that position, and in 1995, he became Executive Vice President of UNITE the union that grew out of the merger of the ILGWU and ACTWU. He was elected to the position of SecretaryTreasurer of UNITE in 2003. With the merger of UNITE and HERE in 2004, Mr. Romney Sr. became Executive Vice President of UNITE HERE, a position he held until the separation of UNITE and HERE in 2009. Mr. Romney Sr. also served as SecretaryTreasurer of the Change to Win Coalition from September 2003 until 2009. He continues to serve on numerous boards of directors and is CoChair of the Garment Industry Day Care Center of Chinatown National Secretary of the A. Philip Randolph Institute Vice President of IndustriALL and the New York State AFLCIO Secretary Treasurer of the Garment Industry Development Corporation and since 1995.
| Age | 44 |
| Tenure | 29 years |
| Address | 275 Seventh Avenue, New York, NY, United States, 10001 |
| Phone | 212 255 6200 |
| Web | https://www.amalgamatedbank.com |
Edgar Romney Latest Insider Activity
Tracking and analyzing the buying and selling activities of Edgar Romney against Amalgamated Bank stock is an integral part of due diligence when investing in Amalgamated Bank. Edgar Romney insider activity provides valuable insight into whether Amalgamated Bank is net buyers or sellers over its current business cycle. Note, Amalgamated Bank insiders must abide by specific rules, including filing SEC forms every time they buy or sell Amalgamated Bank'sshares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.
Edgar Romney over three months ago Acquisition by Edgar Romney of 28020 shares of Amalgamated Bank at 13.75 subject to Rule 16b-3 | ||
Edgar Romney over six months ago Disposition of 28020 shares by Edgar Romney of Amalgamated Bank at 13.75 subject to Rule 16b-3 | ||
Edgar Romney over six months ago Acquisition by Edgar Romney of 3236 shares of Amalgamated Bank subject to Rule 16b-3 | ||
Edgar Romney over six months ago Payment of 326 shares by Edgar Romney of Amalgamated Bank subject to Rule 16b-3 |
Amalgamated Bank Management Efficiency
The company has return on total asset (ROA) of 0.0128 % which means that it generated a profit of $0.0128 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1681 %, meaning that it created $0.1681 on every $100 dollars invested by stockholders. Amalgamated Bank's management efficiency ratios could be used to measure how well Amalgamated Bank manages its routine affairs as well as how well it operates its assets and liabilities. Return On Equity is expected to rise to 0.16 this year, although the value of Return On Tangible Assets will most likely fall to 0.01. At this time, Amalgamated Bank's Non Currrent Assets Other are quite stable compared to the past year. Other Current Assets is expected to rise to about 355 M this year, although the value of Net Tangible Assets will most likely fall to about 489.9 M.Similar Executives
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Management Performance
| Return On Equity | 0.17 | ||||
| Return On Asset | 0.0128 |
Amalgamated Bank Leadership Team
Elected by the shareholders, the Amalgamated Bank's board of directors comprises two types of representatives: Amalgamated Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Amalgamated. The board's role is to monitor Amalgamated Bank's management team and ensure that shareholders' interests are well served. Amalgamated Bank's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Amalgamated Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jason CPA, CFO VP | ||
| Jason Darby, Executive Vice President Chief Accounting Officer | ||
| Kenneth Schmidt, Executive Finance | ||
| Tyrone Graham, EVP Officer | ||
| Edgar Romney, Executive Vice President - Northeast Regional Director, Director | ||
| Tanisa Williams, VP HR | ||
| Adrian Glace, Senior Officer | ||
| Leslie Veluswamy, Executive Officer | ||
| Sam Brown, Executive Vice President Director of Commercial Banking | ||
| Sean Searby, Executive COO | ||
| Mandy JD, Executive Counsel | ||
| Jim Lingberg, Senior Officer | ||
| Peter Neiman, Executive Vice President Chief Marketing Officer | ||
| Bruce Rucinski, Executive Officer | ||
| Ivan Frishberg, Senior Officer | ||
| Margaret Stumpp, Managing Investments | ||
| Tye Graham, EVP Officer | ||
| Priscilla Brown, CEO President | ||
| James Herbst, Managing Investments | ||
| Margaret Lanning, EVP Officer | ||
| Mandy Tenner, Executive Counsel |
Amalgamated Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Amalgamated Bank a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.17 | ||||
| Return On Asset | 0.0128 | ||||
| Profit Margin | 0.35 % | ||||
| Operating Margin | 0.49 % | ||||
| Current Valuation | 959.52 M | ||||
| Shares Outstanding | 30.67 M | ||||
| Shares Owned By Insiders | 39.70 % | ||||
| Shares Owned By Institutions | 58.72 % | ||||
| Number Of Shares Shorted | 796.23 K | ||||
| Price To Earning | 16.14 X |
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Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Amalgamated Bank. If investors know Amalgamated will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Amalgamated Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.233 | Dividend Share 0.44 | Earnings Share 3.39 | Revenue Per Share 9.928 | Quarterly Revenue Growth 0.156 |
The market value of Amalgamated Bank is measured differently than its book value, which is the value of Amalgamated that is recorded on the company's balance sheet. Investors also form their own opinion of Amalgamated Bank's value that differs from its market value or its book value, called intrinsic value, which is Amalgamated Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Amalgamated Bank's market value can be influenced by many factors that don't directly affect Amalgamated Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Amalgamated Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amalgamated Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amalgamated Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.