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 Arrow Financial stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $30.09, for a total transaction of $60,180.00. Following the completion of the transaction, the director now directly owns 43,176 shares in the company, valued at approximately $1,299,165.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Arrow Financial Stock Performance

Shares of AROW stock opened at $29.49 on Wednesday. The company’s fifty day simple moving average is $28.60 and its 200-day simple moving average is $25.66. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.07. The firm has a market cap of $492.42 million, a PE ratio of 17.15 and a beta of 0.74. Arrow Financial Co. has a 12 month low of $16.65 and a 12 month high of $32.92.

Arrow Financial (NASDAQ:AROW) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.52 EPS for the quarter. Arrow Financial had a net margin of 14.94% and a return on equity of 8.46%. 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. Shareholders of record on Monday, August 12th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 3.66%. The ex-dividend date was Monday, August 12th. Arrow Financial’s dividend payout ratio (DPR) is currently 62.79%.

Institutional Trading of Arrow Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in AROW. GAMMA Investing LLC bought a new stake in Arrow Financial during the fourth quarter worth $29,000. Acadian Asset Management LLC bought a new stake in Arrow Financial during the first quarter worth $157,000. Northwest Financial Advisors bought a new stake in Arrow Financial during the fourth quarter worth $179,000. BNP Paribas Financial Markets raised its position in Arrow Financial by 90.9% during the first quarter. BNP Paribas Financial Markets now owns 7,263 shares of the financial services provider’s stock worth $182,000 after acquiring an additional 3,459 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System bought a new stake in Arrow Financial during the first quarter worth $201,000. 46.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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 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.