Arrow Financial Co. (NASDAQ:AROW) SVP David S. Demarco sold 990 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $32.50, for a total value of $32,175.00. Following the completion of the transaction, the senior vice president now owns 26,219 shares of the company’s stock, valued at approximately $852,117.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

David S. Demarco also recently made the following trade(s):

  • On Thursday, August 8th, David S. Demarco sold 1,792 shares of Arrow Financial stock. The stock was sold at an average price of $33.00, for a total value of $59,136.00.

AROW stock traded down $0.24 during midday trading on Friday, reaching $32.28. The stock had a trading volume of 11,682 shares, compared to its average volume of 14,919. The stock has a market cap of $472.17 million, a PE ratio of 13.22 and a beta of 0.59. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a fifty day simple moving average of $32.62 and a two-hundred day simple moving average of $33.50. Arrow Financial Co. has a 52-week low of $30.45 and a 52-week high of $39.45.

Arrow Financial (NASDAQ:AROW) last issued its earnings results on Monday, July 22nd. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.62. The company had revenue of $28.60 million during the quarter. Arrow Financial had a return on equity of 13.03% and a net margin of 27.06%.

The business also recently disclosed a — dividend, which will be paid on Friday, September 27th. Shareholders of record on Tuesday, September 17th will be paid a dividend of $3.00 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a dividend yield of 3.2%.

Separately, BidaskClub lowered Arrow Financial from a “hold” rating to a “sell” rating in a research note on Friday, August 30th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in shares of Arrow Financial by 2.2% during the 2nd quarter. BlackRock Inc. now owns 1,052,537 shares of the financial services provider’s stock valued at $36,554,000 after buying an additional 23,059 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Arrow Financial by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 657,952 shares of the financial services provider’s stock valued at $21,068,000 after buying an additional 8,075 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Arrow Financial by 1.1% during the 2nd quarter. Renaissance Technologies LLC now owns 348,840 shares of the financial services provider’s stock valued at $12,115,000 after buying an additional 3,800 shares during the last quarter. Northern Trust Corp raised its stake in shares of Arrow Financial by 1.3% during the 2nd quarter. Northern Trust Corp now owns 215,428 shares of the financial services provider’s stock valued at $7,482,000 after buying an additional 2,708 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Arrow Financial by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 96,060 shares of the financial services provider’s stock valued at $3,336,000 after buying an additional 668 shares during the last quarter. Institutional investors and hedge funds own 40.41% of the company’s stock.

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 improvements to commercial properties, as well as commercial construction and land development loans to finance projects.

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