Arrow Financial Corporation (NASDAQ:AROW) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Monday, July 24th.
Arrow Financial Corporation (NASDAQ:AROW) opened at 31.90 on Monday. Arrow Financial Corporation has a 12 month low of $30.56 and a 12 month high of $41.70. The firm has a market capitalization of $430.94 million, a PE ratio of 15.87 and a beta of 0.64. The company’s 50-day moving average price is $31.97 and its 200 day moving average price is $33.32.
Arrow Financial Corporation (NASDAQ:AROW) last announced its earnings results on Thursday, July 20th. The financial services provider reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.03. Arrow Financial Corporation had a return on equity of 11.58% and a net margin of 25.28%. The firm had revenue of $26.28 million for the quarter. On average, equities research analysts predict that Arrow Financial Corporation will post $2.15 earnings per share for the current year.
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In other news, Chairman Thomas L. Hoy sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $32.75, for a total value of $32,750.00. Following the transaction, the chairman now owns 170,934 shares in the company, valued at approximately $5,598,088.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.63% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the stock. Walthausen & Co. LLC purchased a new position in Arrow Financial Corporation during the second quarter valued at approximately $554,000. State Street Corp increased its position in Arrow Financial Corporation by 8.7% in the second quarter. State Street Corp now owns 233,508 shares of the financial services provider’s stock valued at $7,389,000 after buying an additional 18,675 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in Arrow Financial Corporation during the second quarter valued at approximately $216,000. Dimensional Fund Advisors LP increased its position in Arrow Financial Corporation by 5.7% in the second quarter. Dimensional Fund Advisors LP now owns 494,114 shares of the financial services provider’s stock valued at $15,639,000 after buying an additional 26,749 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in Arrow Financial Corporation by 4.2% in the second quarter. Parametric Portfolio Associates LLC now owns 17,173 shares of the financial services provider’s stock valued at $544,000 after buying an additional 686 shares during the last quarter. Institutional investors and hedge funds own 40.02% of the company’s stock.
Arrow Financial Corporation 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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