Arrow Financial Co. (NASDAQ:AROW - Get Free Report) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $29.20 and traded as low as $26.81. Arrow Financial shares last traded at $26.97, with a volume of 18,385 shares.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on AROW. Hovde Group lowered their target price on Arrow Financial from $34.50 to $32.00 and set a "market perform" rating for the company in a research note on Friday, December 27th. Piper Sandler lowered their target price on Arrow Financial from $32.00 to $30.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th.
Read Our Latest Analysis on Arrow Financial
Arrow Financial Trading Down 1.6 %
The business has a 50 day moving average of $27.68 and a 200-day moving average of $29.13. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $438.92 million, a P/E ratio of 14.81 and a beta of 0.76.
Arrow Financial (NASDAQ:AROW - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The financial services provider reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.59 by ($0.12). Arrow Financial had a return on equity of 8.59% and a net margin of 13.32%. Analysts anticipate that Arrow Financial Co. will post 2.65 EPS for the current fiscal year.
Arrow Financial Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Monday, February 10th will be given a dividend of $0.28 per share. The ex-dividend date is Monday, February 10th. This represents a $1.12 dividend on an annualized basis and a yield of 4.27%. This is an increase from Arrow Financial's previous quarterly dividend of $0.25. Arrow Financial's dividend payout ratio is 63.28%.
Insiders Place Their Bets
In other news, Director Raymond F. O'conor sold 2,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $25.28, for a total value of $50,560.00. Following the completion of the sale, the director now owns 35,022 shares of the company's stock, valued at approximately $885,356.16. This represents a 5.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel James White acquired 3,668 shares of the business's stock in a transaction dated Friday, January 31st. The stock was bought at an average cost of $27.23 per share, with a total value of $99,879.64. Following the acquisition, the director now owns 4,338 shares in the company, valued at $118,123.74. The trade was a 547.46 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 6,000 shares of company stock valued at $173,640 in the last quarter. 3.55% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Arrow Financial
Hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its holdings in shares of Arrow Financial by 130.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,241 shares of the financial services provider's stock worth $36,000 after buying an additional 703 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Arrow Financial by 13.0% during the third quarter. BNP Paribas Financial Markets now owns 3,449 shares of the financial services provider's stock worth $99,000 after buying an additional 398 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Arrow Financial during the third quarter worth $164,000. State of Tennessee Department of Treasury acquired a new stake in shares of Arrow Financial during the fourth quarter worth $198,000. Finally, Carl P. Sherr & Co. LLC acquired a new stake in shares of Arrow Financial during the third quarter worth $216,000. Institutional investors and hedge funds own 46.71% of the company's stock.
Arrow Financial Company Profile
(
Get Free Report)
Arrow Financial Corporation, a bank holding company, provides commercial and consumer banking, and financial products and services. The company's deposit products include demand deposits, interest-bearing checking accounts, savings deposits, time deposits, and other time deposits. Its 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 enhancement to commercial properties, as well as commercial construction and land development loans to finance projects.
See Also
Before you consider Arrow Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Arrow Financial wasn't on the list.
While Arrow Financial currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
