Arrow Financial Co. (AROW) Director Raymond F. O’conor Sells 500 Shares

Arrow Financial Co. (NASDAQ:AROW) Director Raymond F. O’conor sold 500 shares of the stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $35.85, for a total transaction of $17,925.00. Following the transaction, the director now directly owns 47,031 shares of the company’s stock, valued at approximately $1,686,061.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of Arrow Financial traded down $0.10, reaching $36.20, during trading on Monday, Marketbeat reports. The company’s stock had a trading volume of 723 shares, compared to its average volume of 17,574. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.26. Arrow Financial Co. has a 12 month low of $30.70 and a 12 month high of $38.60. The company has a market cap of $507.09 million, a price-to-earnings ratio of 16.85 and a beta of 0.58.

Arrow Financial (NASDAQ:AROW) last announced its quarterly earnings results on Monday, April 23rd. The financial services provider reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.04. Arrow Financial had a net margin of 27.17% and a return on equity of 12.21%. The firm had revenue of $27.29 million during the quarter.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Friday, June 1st were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend was Thursday, May 31st.

Several large investors have recently made changes to their positions in AROW. Ladenburg Thalmann Financial Services Inc. bought a new position in shares of Arrow Financial in the 4th quarter valued at about $106,000. MetLife Investment Advisors LLC bought a new position in shares of Arrow Financial in the 4th quarter valued at about $210,000. Maltese Capital Management LLC bought a new position in shares of Arrow Financial in the 1st quarter valued at about $509,000. Millennium Management LLC lifted its holdings in shares of Arrow Financial by 12.0% in the 4th quarter. Millennium Management LLC now owns 21,761 shares of the financial services provider’s stock valued at $739,000 after acquiring an additional 2,334 shares during the last quarter. Finally, Martingale Asset Management L P lifted its holdings in shares of Arrow Financial by 65.4% in the 4th quarter. Martingale Asset Management L P now owns 43,783 shares of the financial services provider’s stock valued at $1,487,000 after acquiring an additional 17,306 shares during the last quarter. 39.38% of the stock is owned by hedge funds and other institutional investors.

Separately, BidaskClub downgraded shares of Arrow Financial from a “buy” rating to a “hold” rating in a report on Tuesday, June 12th.

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.

Insider Buying and Selling by Quarter for Arrow Financial (NASDAQ:AROW)

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