Arrow Financial Co. (NASDAQ:AROW) Director Raymond F. O’conor sold 500 shares of Arrow Financial stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $34.40, for a total transaction of $17,200.00. Following the sale, the director now owns 48,327 shares in the company, valued at approximately $1,662,448.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Raymond F. O’conor also recently made the following trade(s):
- On Tuesday, January 16th, Raymond F. O’conor sold 500 shares of Arrow Financial stock. The shares were sold at an average price of $34.35, for a total transaction of $17,175.00.
AROW stock opened at $33.50 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.72. Arrow Financial Co. has a twelve month low of $30.70 and a twelve month high of $38.60. The firm has a market cap of $477.66, a price-to-earnings ratio of 16.95 and a beta of 0.57.
Arrow Financial (NASDAQ:AROW) last posted its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.06). Arrow Financial had a net margin of 26.11% and a return on equity of 11.64%. The firm had revenue of $27.07 million for the quarter.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend was Wednesday, February 28th.
Several brokerages recently weighed in on AROW. BidaskClub upgraded shares of Arrow Financial from a “sell” rating to a “hold” rating in a research report on Saturday, March 24th. Sandler O’Neill set a $37.00 price target on shares of Arrow Financial and gave the stock a “hold” rating in a research report on Wednesday, January 3rd.
Institutional investors and hedge funds have recently modified their holdings of the company. Ladenburg Thalmann Financial Services Inc. purchased a new stake in shares of Arrow Financial during the fourth quarter valued at $106,000. Russell Investments Group Ltd. purchased a new stake in shares of Arrow Financial during the third quarter valued at $113,000. MetLife Investment Advisors LLC purchased a new stake in shares of Arrow Financial during the fourth quarter valued at $210,000. Goldman Sachs Group Inc. purchased a new stake in shares of Arrow Financial during the second quarter valued at $216,000. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Arrow Financial by 4.2% during the second quarter. Parametric Portfolio Associates LLC now owns 17,173 shares of the financial services provider’s stock valued at $544,000 after purchasing an additional 686 shares during the period. 40.31% of the stock is owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY WARNING: This piece was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another publication, it was illegally copied and republished in violation of international copyright law. The legal version of this piece can be viewed at https://www.dispatchtribunal.com/2018/04/08/arrow-financial-co-arow-director-raymond-f-oconor-sells-500-shares.html.
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.
Receive News & Ratings for Arrow Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arrow Financial and related companies with MarketBeat.com's FREE daily email newsletter.