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 Arrow Financial stock in a transaction that occurred on Monday, April 16th. The shares were sold at an average price of $34.20, for a total value of $17,100.00. Following the sale, the director now owns 47,827 shares in the company, valued at $1,635,683.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

NASDAQ AROW opened at $34.70 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.87 and a current ratio of 0.87. Arrow Financial Co. has a twelve month low of $30.70 and a twelve month high of $38.60. The company has a market cap of $487.42, a P/E ratio of 17.30 and a beta of 0.57.

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Arrow Financial (NASDAQ:AROW) last released its earnings results on Tuesday, January 30th. The financial services provider reported $0.50 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.06). Arrow Financial had a return on equity of 11.64% and a net margin of 26.11%. The company had revenue of $27.07 million during the quarter.

A number of institutional investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its holdings in Arrow Financial by 2.3% in the third quarter. Bank of New York Mellon Corp now owns 90,607 shares of the financial services provider’s stock worth $3,112,000 after acquiring an additional 2,015 shares in the last quarter. Millennium Management LLC boosted its holdings in Arrow Financial by 12.0% in the fourth quarter. Millennium Management LLC now owns 21,761 shares of the financial services provider’s stock worth $739,000 after acquiring an additional 2,334 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Arrow Financial by 4.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 62,089 shares of the financial services provider’s stock worth $2,108,000 after acquiring an additional 2,808 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. bought a new stake in Arrow Financial in the fourth quarter worth $106,000. Finally, Russell Investments Group Ltd. bought a new stake in Arrow Financial in the third quarter worth $113,000. 40.31% of the stock is currently owned by institutional investors and hedge funds.

AROW has been the topic of several research reports. BidaskClub upgraded Arrow Financial from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th. Sandler O’Neill set a $37.00 price target on Arrow Financial and gave the company a “hold” rating in a research report on Wednesday, January 3rd.

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Arrow Financial Company Profile

Arrow Financial Corporation, a multi-bank holding company, provides commercial and consumer banking, and financial products and services. Its deposit products include demand deposits, interest-bearing checking accounts, savings deposits, time deposits, and other time deposits. The company's 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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