Raymond F. O’conor Sells 500 Shares of Arrow Financial Co. (AROW) Stock
Arrow Financial Co. (NASDAQ:AROW) Director Raymond F. O’conor sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $34.35, for a total value of $17,175.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Arrow Financial Co. (NASDAQ:AROW) opened at $34.15 on Wednesday. The company has a market capitalization of $482.34, a P/E ratio of 17.11 and a beta of 0.66. Arrow Financial Co. has a 1-year low of $30.70 and a 1-year high of $38.60. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.44.
Arrow Financial (NASDAQ:AROW) last released its quarterly earnings data on Monday, October 23rd. The financial services provider reported $0.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.01). The firm had revenue of $26.79 million for the quarter. Arrow Financial had a net margin of 25.36% and a return on equity of 11.68%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in AROW. Russell Investments Group Ltd. bought a new stake in shares of Arrow Financial during the third quarter valued at approximately $113,000. Schroder Investment Management Group increased its holdings in shares of Arrow Financial by 49.5% during the second quarter. Schroder Investment Management Group now owns 3,608 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 1,194 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Arrow Financial during the second quarter valued at approximately $216,000. Maple Capital Management Inc. bought a new stake in shares of Arrow Financial during the third quarter valued at approximately $216,000. Finally, Alliancebernstein L.P. grew its holdings in Arrow Financial by 29.2% during the second quarter. Alliancebernstein L.P. now owns 10,627 shares of the financial services provider’s stock worth $336,000 after buying an additional 2,400 shares in the last quarter. Hedge funds and other institutional investors own 39.97% of the company’s stock.
Several brokerages have issued reports on AROW. Sandler O’Neill set a $37.00 price target on Arrow Financial and gave the company a “hold” rating in a research note on Wednesday, January 3rd. BidaskClub downgraded Arrow Financial from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd.
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Arrow Financial Company Profile
Arrow Financial Corporation (Arrow) is a bank holding company. The Company’s banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) and Saratoga National Bank and Trust Company (Saratoga National). It operates in community banking industry segment. The Company’s business consists primarily of the ownership, supervision and control of its two banks.
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