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 on Thursday, January 2nd. The shares were sold at an average price of $28.85, for a total value of $57,700.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Arrow Financial Stock Down 0.4 %

Shares of AROW traded down $0.10 during trading on Friday, reaching $27.70. The company’s stock had a trading volume of 38,323 shares, compared to its average volume of 39,137. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.06. Arrow Financial Co. has a twelve month low of $21.50 and a twelve month high of $34.63. The company has a fifty day moving average of $31.10 and a two-hundred day moving average of $29.29. The company has a market cap of $463.67 million, a price-to-earnings ratio of 14.13 and a beta of 0.75.

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. BNP Paribas Financial Markets raised its position 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 worth $99,000 after purchasing an additional 398 shares during the period. SG Americas Securities LLC bought a new stake in shares of Arrow Financial during the 3rd quarter worth $164,000. Carl P. Sherr & Co. LLC acquired a new stake in Arrow Financial during the 3rd quarter worth about $216,000. Atria Investments Inc grew its position in Arrow Financial by 32.6% during 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 in the last quarter. Finally, Private Advisor Group LLC lifted its stake in 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 worth $519,000 after acquiring an additional 8,483 shares in the last quarter. 46.71% of the stock is currently owned by institutional investors.

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.