Arrow Financial Co. (NASDAQ:AROW) Director Raymond F. O’conor Sells 2,000 Shares

Arrow Financial Co. (NASDAQ:AROW) Director Raymond F. O’conor sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $25.28, for a total value of $50,560.00. Following the completion of the sale, the director now directly owns 35,022 shares of the company’s stock, valued at approximately $885,356.16. The trade was a 5.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Arrow Financial Stock Performance

Shares of Arrow Financial stock traded down $0.57 during trading on Monday, reaching $26.04. The company’s stock had a trading volume of 59,519 shares, compared to its average volume of 40,929. Arrow Financial Co. has a 52 week low of $21.50 and a 52 week high of $34.63. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.06. The business’s 50-day moving average price is $29.23 and its 200-day moving average price is $29.49. The firm has a market cap of $435.91 million, a PE ratio of 14.71 and a beta of 0.76.

Arrow Financial (NASDAQ:AROW) last issued its quarterly earnings results on Thursday, January 30th. The financial services provider reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.12). Arrow Financial had a return on equity of 8.59% and a net margin of 13.32%. Equities analysts forecast that Arrow Financial Co. will post 2.7 earnings per share for the current year.

Arrow Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Monday, February 10th will be paid a $0.28 dividend. The ex-dividend date is Monday, February 10th. This is a positive change from Arrow Financial’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a yield of 4.30%. Arrow Financial’s dividend payout ratio (DPR) is 63.28%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AROW shares. Piper Sandler began coverage on Arrow Financial in a report on Friday, December 20th. They set a “neutral” rating and a $32.00 price target for the company. Hovde Group reduced their target price on shares of Arrow Financial from $34.50 to $32.00 and set a “market perform” rating for the company in a report on Friday, December 27th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its holdings in shares of Arrow Financial by 13.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,449 shares of the financial services provider’s stock valued at $99,000 after purchasing an additional 398 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Arrow Financial during the third quarter worth $164,000. Carl P. Sherr & Co. LLC acquired a new position in shares of Arrow Financial during the third quarter worth $216,000. Atria Investments Inc lifted its stake in shares of Arrow Financial by 32.6% in the 3rd quarter. Atria Investments Inc now owns 16,856 shares of the financial services provider’s stock valued at $483,000 after acquiring an additional 4,148 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Arrow Financial by 137.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 18,702 shares of the financial services provider’s stock valued at $536,000 after acquiring an additional 10,838 shares in the last quarter. Institutional investors and hedge funds own 46.71% of the company’s stock.

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.