Arrow Financial Corp. Director Sells $33,188 in Stock (AROW)
Arrow Financial Corp. (NASDAQ:AROW) Director Michael B. Clarke unloaded 1,250 shares of the stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $26.55, for a total value of $33,187.50. Following the completion of the sale, the director now directly owns 1,324 shares in the company, valued at approximately $35,152. The sale was disclosed in a filing with the SEC, which is available at this link.
Arrow Financial Corp. (NASDAQ:AROW) traded up 1.76% during mid-day trading on Monday, hitting $26.65. 36,672 shares of the company’s stock traded hands. Arrow Financial Corp. has a 52 week low of $24.50 and a 52 week high of $28.00. The stock has a 50-day moving average of $25.76 and a 200-day moving average of $25.79. The company has a market cap of $329.2 million and a price-to-earnings ratio of 14.55.
Arrow Financial Corp. (NASDAQ:AROW) last announced its earnings results on Monday, July 21st. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. On average, analysts predict that Arrow Financial Corp. will post $1.84 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Tuesday, September 2nd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date of this dividend is Thursday, August 28th.
Arrow Financial Corporation (NASDAQ:AROW) is a holding company.
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