Arrow Financial (NASDAQ:AROW) Share Price Passes Above Two Hundred Day Moving Average of $25.56

Arrow Financial Co. (NASDAQ:AROW) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.56 and traded as high as $30.60. Arrow Financial shares last traded at $30.49, with a volume of 19,090 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Arrow Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, July 30th.

Arrow Financial Trading Up 1.0 %

The stock has a market capitalization of $509.12 million, a PE ratio of 17.73 and a beta of 0.74. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.07. The firm has a 50 day moving average price of $28.39 and a 200 day moving average price of $25.56.

Arrow Financial (NASDAQ:AROW) last issued its quarterly earnings data 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 8.52% and a net margin of 14.94%. The business had revenue of $55.83 million for the quarter.

Arrow Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.54%. The ex-dividend date was Monday, August 12th. Arrow Financial’s dividend payout ratio (DPR) is presently 62.79%.

Insiders Place Their Bets

In other Arrow Financial news, Director Raymond F. O’conor sold 2,000 shares of Arrow Financial stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $28.13, for a total transaction of $56,260.00. Following the transaction, the director now owns 45,176 shares of the company’s stock, valued at approximately $1,270,800.88. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 3.55% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Arrow Financial

Several large investors have recently made changes to their positions in AROW. GAMMA Investing LLC purchased a new position in Arrow Financial in the fourth quarter valued at about $29,000. Northwest Financial Advisors purchased a new position in Arrow Financial in the fourth quarter valued at approximately $179,000. Pinnacle Wealth Planning Services Inc. purchased a new position in Arrow Financial in the fourth quarter valued at approximately $230,000. Franklin Resources Inc. grew its holdings in Arrow Financial by 7.2% during the fourth quarter. Franklin Resources Inc. now owns 134,806 shares of the financial services provider’s stock valued at $3,766,000 after purchasing an additional 9,094 shares during the period. Finally, Arrow Financial Corp increased its position in Arrow Financial by 1.1% in the fourth quarter. Arrow Financial Corp now owns 1,726,525 shares of the financial services provider’s stock worth $48,239,000 after buying an additional 18,937 shares during the last quarter. 46.71% of the stock is owned by hedge funds and other institutional investors.

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.