Insider Selling: Arrow Financial Co. (NASDAQ:AROW) Director 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 that occurred on Thursday, January 2nd. The stock was sold at an average price of $28.85, for a total transaction of $57,700.00. Following the sale, the director now owns 35,859 shares of the company’s stock, valued at approximately $1,034,532.15. This represents a 5.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Arrow Financial Stock Down 0.4 %

Shares of NASDAQ:AROW opened at $27.70 on Monday. The company has a 50 day moving average price of $31.09 and a two-hundred day moving average price of $29.34. The company has a market capitalization of $463.67 million, a PE ratio of 14.13 and a beta of 0.77. Arrow Financial Co. has a 52 week low of $21.50 and a 52 week high of $34.63. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.93 and a current ratio of 0.93.

Arrow Financial (NASDAQ:AROW) last issued its quarterly earnings data on Thursday, October 31st. The financial services provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. Arrow Financial had a return on equity of 8.59% and a net margin of 15.00%. The business had revenue of $57.58 million for the quarter.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AROW. Hovde Group lowered 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. Piper Sandler began coverage on Arrow Financial in a report on Friday, December 20th. They issued a “neutral” rating and a $32.00 price objective for the company.

Hedge Funds Weigh In On Arrow Financial

Several institutional investors have recently modified their holdings of AROW. Arrow Financial Corp increased its stake in Arrow Financial by 1.2% during the 3rd quarter. Arrow Financial Corp now owns 1,969,793 shares of the financial services provider’s stock worth $56,454,000 after purchasing an additional 23,198 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Arrow Financial by 13.7% in the second quarter. American Century Companies Inc. now owns 266,651 shares of the financial services provider’s stock valued at $6,946,000 after buying an additional 32,158 shares during the period. Barclays PLC increased its position in shares of Arrow Financial by 251.9% during the third quarter. Barclays PLC now owns 21,411 shares of the financial services provider’s stock worth $614,000 after acquiring an additional 15,327 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Arrow Financial by 4.7% during the second quarter. Dimensional Fund Advisors LP now owns 700,253 shares of the financial services provider’s stock worth $18,241,000 after acquiring an additional 31,268 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in Arrow Financial by 13.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,449 shares of the financial services provider’s stock valued at $99,000 after acquiring an additional 398 shares in the last quarter. Institutional investors own 46.71% of the company’s stock.

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.