Arrow Financial (NASDAQ:AROW) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Arrow Financial Corporation (NASDAQ:AROW) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $30.56 and traded as high as $34.49. Arrow Financial shares last traded at $34.43, with a volume of 65,643 shares changing hands.

Wall Street Analyst Weigh In

AROW has been the topic of several recent research reports. Hovde Group raised their price target on Arrow Financial from $33.50 to $34.50 and gave the stock a “market perform” rating in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Arrow Financial in a research note on Monday, December 29th. Finally, Wall Street Zen cut shares of Arrow Financial from a “buy” rating to a “hold” rating in a research report on Saturday, January 3rd. Three research analysts have rated the stock with a Hold rating, According to MarketBeat, Arrow Financial has an average rating of “Hold” and an average price target of $31.25.

Arrow Financial Price Performance

The company has a market cap of $566.03 million, a PE ratio of 12.99 and a beta of 0.82. The business has a 50 day moving average of $33.24 and a 200 day moving average of $30.56. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.93 and a quick ratio of 0.93.

Arrow Financial (NASDAQ:AROW) last issued its quarterly earnings data on Thursday, January 29th. The financial services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.81 by $0.04. Arrow Financial had a net margin of 18.12% and a return on equity of 10.92%. The business had revenue of $43.65 million during the quarter, compared to analyst estimates of $43.40 million. As a group, research analysts predict that Arrow Financial Corporation will post 2.65 EPS for the current year.

Arrow Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Wednesday, February 11th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.5%. This is a boost from Arrow Financial’s previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, February 11th. Arrow Financial’s dividend payout ratio (DPR) is 45.28%.

Insider Buying and Selling at Arrow Financial

In other news, CEO David S. Demarco bought 3,035 shares of the firm’s stock in a transaction dated Wednesday, December 24th. The stock was purchased at an average price of $31.78 per share, with a total value of $96,452.30. Following the transaction, the chief executive officer owned 3,035 shares of the company’s stock, valued at approximately $96,452.30. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.28% of the company’s stock.

Institutional Investors Weigh In On Arrow Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AROW. BNP Paribas Financial Markets lifted its position in Arrow Financial by 67.2% during the second quarter. BNP Paribas Financial Markets now owns 1,612 shares of the financial services provider’s stock valued at $43,000 after buying an additional 648 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Arrow Financial by 2,045.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,523 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 1,452 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of Arrow Financial by 27.7% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,557 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 338 shares in the last quarter. CWM LLC lifted its position in Arrow Financial by 159.5% during the 3rd quarter. CWM LLC now owns 1,754 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 1,078 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in Arrow Financial by 306.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,390 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 1,802 shares in the last quarter. 46.71% of the stock is owned by hedge funds and other institutional investors.

About Arrow Financial

Arrow Financial Corporation is a bank holding company headquartered in Glens Falls, New York, that conducts its primary operations through its subsidiary, Glens Falls National Bank & Trust Company. The company provides a comprehensive suite of retail and commercial banking services, including checking and savings accounts, consumer and commercial lending, mortgage financing, and cash management solutions. Through its branch network, Arrow Financial serves individuals, small- and medium-sized businesses, and nonprofit organizations across the Adirondack region, Upper Hudson Valley, Mohawk Valley and parts of Central New York.

In addition to traditional banking, Arrow Financial has developed a robust wealth management and trust services division.