StockNews.com upgraded shares of Arrow Financial (NASDAQ:AROW – Free Report) from a sell rating to a hold rating in a research report sent to investors on Tuesday.
Arrow Financial Price Performance
Shares of NASDAQ AROW opened at $28.99 on Tuesday. Arrow Financial has a fifty-two week low of $16.65 and a fifty-two week high of $32.92. The company has a market cap of $484.13 million, a PE ratio of 16.86 and a beta of 0.74. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.90 and a current ratio of 0.90. The business has a 50-day simple moving average of $26.84 and a two-hundred day simple moving average of $25.11.
Arrow Financial (NASDAQ:AROW – Get Free Report) last released its earnings results 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 8.52%. The company had revenue of $55.83 million during the quarter.
Arrow Financial Dividend Announcement
Insider Buying and Selling at Arrow Financial
In other Arrow Financial news, Director Raymond F. O’conor sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $23.63, for a total transaction of $94,520.00. Following the completion of the transaction, the director now directly owns 46,419 shares of the company’s stock, valued at approximately $1,096,880.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.55% of the company’s stock.
Institutional Investors Weigh In On Arrow Financial
Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC lifted its stake in shares of Arrow Financial by 22.1% in the 4th quarter. SG Americas Securities LLC now owns 8,033 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 1,454 shares during the period. Carl P. Sherr & Co. LLC acquired a new stake in Arrow Financial during the fourth quarter valued at $210,000. GAMMA Investing LLC acquired a new position in shares of Arrow Financial in the fourth quarter worth about $29,000. Northwest Financial Advisors acquired a new position in shares of Arrow Financial in the fourth quarter worth about $179,000. Finally, Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of Arrow Financial during the 4th quarter worth about $230,000. 46.71% of the stock is owned by hedge funds and other 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.
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