** Shares of U.S. bank Amalgamated Financial AMAL.O rise 2.5% to $29.05

** AMAL on Monday announced new $40 million share repurchase program

** New program replaces previous buyback program, which had about $18.7 million remaining as of 2024 end

** CEO Priscilla Sims Brown said current share price do not reflect momentum across the bank nor the opportunity that AMAL sees ahead to further grow

** AMAL stock down 13% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))