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

Arrow Financial Co. (NASDAQ:AROW) Director Raymond F. O’conor sold 2,000 shares of Arrow Financial stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $28.85, for a total transaction of $57,700.00. Following the transaction, the director now owns 35,859 shares in the company, valued at $1,034,532.15. The trade was a 5.28 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Arrow Financial Price Performance

Shares of AROW stock opened at $27.70 on Friday. Arrow Financial Co. has a twelve month low of $21.50 and a twelve month high of $34.63. The company has a market capitalization of $463.67 million, a PE ratio of 14.13 and a beta of 0.77. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.06. The firm has a fifty day simple moving average of $31.09 and a 200-day simple moving average of $29.31.

Arrow Financial (NASDAQ:AROW) last announced its earnings results on Thursday, October 31st. The financial services provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. Arrow Financial had a return on equity of 8.59% and a net margin of 15.00%. The company had revenue of $57.58 million during the quarter.

Institutional Investors Weigh In On Arrow Financial

A number of hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its stake 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 buying an additional 398 shares during the last quarter. SG Americas Securities LLC bought a new position in Arrow Financial during the 3rd quarter valued at $164,000. Carl P. Sherr & Co. LLC acquired a new position in Arrow Financial during the 3rd quarter worth $216,000. Atria Investments Inc increased its position 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 worth $483,000 after purchasing an additional 4,148 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of Arrow Financial by 74.1% in the 2nd quarter. Private Advisor Group LLC now owns 19,934 shares of the financial services provider’s stock valued at $519,000 after purchasing an additional 8,483 shares in the last quarter. Institutional investors and hedge funds own 46.71% of the company’s stock.

Analysts Set New Price Targets

AROW has been the topic of several research reports. Piper Sandler started coverage on Arrow Financial in a research report on Friday, December 20th. They issued a “neutral” rating and a $32.00 price objective on the stock. Hovde Group dropped their target price on Arrow Financial from $34.50 to $32.00 and set a “market perform” rating on the stock in a report on Friday, December 27th.

About Arrow Financial

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.