Arrow Financial Co. (NASDAQ:AROW - Get Free Report) Director Raymond F. O'conor sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $28.04, for a total transaction of $56,080.00. Following the completion of the sale, the director now owns 41,176 shares of the company's stock, valued at $1,154,575.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Arrow Financial Trading Down 0.3 %
NASDAQ:AROW opened at $27.76 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.07. The firm has a fifty day simple moving average of $29.09 and a 200-day simple moving average of $26.29. Arrow Financial Co. has a 12 month low of $16.70 and a 12 month high of $32.92. The company has a market capitalization of $463.54 million, a P/E ratio of 16.14 and a beta of 0.73.
Arrow Financial (NASDAQ:AROW - Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.52 earnings per share for the quarter. Arrow Financial had a return on equity of 8.46% and a net margin of 14.94%. The business had revenue of $55.83 million for the quarter.
Arrow Financial Announces Dividend
Election warning coming true…
From Porter & Company | Ad
If you missed it, my emergency election broadcast is now available - watch it before it's too late.
Click here to watch it now.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend was Monday, August 12th. Arrow Financial's dividend payout ratio is presently 62.79%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the company. StockNews.com raised Arrow Financial from a "sell" rating to a "hold" rating in a research report on Tuesday, July 30th. Hovde Group assumed coverage on Arrow Financial in a research note on Monday, September 9th. They set a "market perform" rating and a $31.00 price target on the stock.
View Our Latest Report on AROW
Institutional Trading of Arrow Financial
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new position in Arrow Financial during the first quarter valued at $157,000. BNP Paribas Financial Markets raised its stake in shares of Arrow Financial by 90.9% during the 1st quarter. BNP Paribas Financial Markets now owns 7,263 shares of the financial services provider's stock valued at $182,000 after buying an additional 3,459 shares during the last quarter. IFG Advisory LLC acquired a new position in shares of Arrow Financial in the 2nd quarter valued at about $207,000. State Board of Administration of Florida Retirement System purchased a new stake in shares of Arrow Financial in the first quarter worth about $201,000. Finally, Financial Counselors Inc. boosted its stake in shares of Arrow Financial by 11.4% in the first quarter. Financial Counselors Inc. now owns 19,612 shares of the financial services provider's stock worth $491,000 after buying an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 46.71% of the company's stock.
Arrow Financial Company Profile
(
Get Free Report)
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
