Arrow Financial Co. (NASDAQ:AROW) Director Raymond F. O’conor sold 500 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $34.35, for a total transaction of $17,175.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Arrow Financial Co. (NASDAQ AROW) traded down $0.50 during trading on Tuesday, hitting $34.15. 14,917 shares of the company traded hands, compared to its average volume of 13,390. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.44. Arrow Financial Co. has a one year low of $30.70 and a one year high of $38.60. The company has a market capitalization of $482.34, a PE ratio of 17.11 and a beta of 0.66.

Arrow Financial (NASDAQ:AROW) last released its earnings results on Monday, October 23rd. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). The firm had revenue of $26.79 million during the quarter. Arrow Financial had a net margin of 25.36% and a return on equity of 11.68%.

Arrow Financial declared that its board has initiated a stock repurchase plan on Friday, October 27th that permits the company to repurchase $5.00 million in outstanding shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Several brokerages recently weighed in on AROW. Sandler O’Neill set a $37.00 price objective on shares of Arrow Financial and gave the stock a “hold” rating in a research note on Wednesday, January 3rd. BidaskClub cut shares of Arrow Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd.

A number of hedge funds have recently added to or reduced their stakes in the stock. Teachers Advisors LLC lifted its holdings in Arrow Financial by 0.9% in the second quarter. Teachers Advisors LLC now owns 20,913 shares of the financial services provider’s stock valued at $662,000 after buying an additional 181 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in Arrow Financial by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 54,589 shares of the financial services provider’s stock valued at $1,728,000 after buying an additional 323 shares during the period. Prudential Financial Inc. lifted its holdings in Arrow Financial by 0.9% in the second quarter. Prudential Financial Inc. now owns 37,330 shares of the financial services provider’s stock valued at $1,181,000 after buying an additional 330 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in Arrow Financial 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 period. Finally, Bank of New York Mellon Corp lifted its holdings in Arrow Financial by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 88,592 shares of the financial services provider’s stock valued at $2,804,000 after buying an additional 1,084 shares during the period. Institutional investors and hedge funds own 39.97% of the company’s stock.

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Arrow Financial 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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