Arrow Financial Co. (NASDAQ:AROW – Get Free Report) Director Raymond F. O’conor sold 2,000 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $28.50, for a total value of $57,000.00. Following the transaction, the director now directly owns 39,496 shares in the company, valued at approximately $1,125,636. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Arrow Financial Stock Up 2.2 %
AROW stock opened at $29.40 on Wednesday. The business’s 50-day moving average is $28.85 and its two-hundred day moving average is $27.19. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.92 and a current ratio of 0.92. Arrow Financial Co. has a fifty-two week low of $21.50 and a fifty-two week high of $32.92. The company has a market cap of $491.95 million, a price-to-earnings ratio of 15.00 and a beta of 0.72.
Arrow Financial (NASDAQ:AROW – Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. Arrow Financial had a return on equity of 8.67% and a net margin of 15.00%. The firm had revenue of $57.58 million for the quarter.
Arrow Financial Increases Dividend
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in AROW. Arrow Financial Corp raised its stake in shares of Arrow Financial by 6.6% in the second quarter. Arrow Financial Corp now owns 1,946,595 shares of the financial services provider’s stock worth $50,709,000 after buying an additional 119,715 shares during the period. American Century Companies Inc. grew its position in shares of Arrow Financial by 13.7% during the second quarter. American Century Companies Inc. now owns 266,651 shares of the financial services provider’s stock worth $6,946,000 after purchasing an additional 32,158 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Arrow Financial by 4.7% during the second quarter. Dimensional Fund Advisors LP now owns 700,253 shares of the financial services provider’s stock worth $18,241,000 after purchasing an additional 31,268 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Arrow Financial by 12.0% during the second quarter. Bank of New York Mellon Corp now owns 129,326 shares of the financial services provider’s stock worth $3,369,000 after purchasing an additional 13,829 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Arrow Financial by 1.4% during the first quarter. Vanguard Group Inc. now owns 795,274 shares of the financial services provider’s stock worth $19,898,000 after purchasing an additional 10,636 shares in the last quarter. Institutional investors own 46.71% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the company. Hovde Group assumed coverage on Arrow Financial in a report on Monday, September 9th. They issued a “market perform” rating and a $31.00 target price on the stock. StockNews.com raised Arrow Financial from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th.
Get Our Latest Stock Report on Arrow Financial
Arrow Financial Company Profile
Arrow Financial Corporation, a bank holding company, provides commercial and consumer banking, and financial products and services. The company’s deposit products include demand deposits, interest-bearing checking accounts, savings deposits, time deposits, and other time deposits. Its lending activities comprise commercial loans, such as term loans, time notes, and lines of credit; and commercial real estate loans to finance real estate purchases, refinancing, expansions, and enhancement to commercial properties, as well as commercial construction and land development loans to finance projects.
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