Barclays PLC Raises Holdings in Arrow Financial Co. (NASDAQ:AROW)

Barclays PLC grew its position in Arrow Financial Co. (NASDAQ:AROW - Free Report) by 251.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,411 shares of the financial services provider's stock after acquiring an additional 15,327 shares during the quarter. Barclays PLC owned about 0.13% of Arrow Financial worth $614,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its holdings in Arrow Financial by 13.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,449 shares of the financial services provider's stock valued at $99,000 after purchasing an additional 398 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Arrow Financial in the third quarter valued at about $164,000. Carl P. Sherr & Co. LLC purchased a new position in shares of Arrow Financial in the third quarter worth about $216,000. Atria Investments Inc boosted its position in Arrow Financial by 32.6% during the third quarter. Atria Investments Inc now owns 16,856 shares of the financial services provider's stock worth $483,000 after acquiring an additional 4,148 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in Arrow Financial by 74.1% during the 2nd quarter. Private Advisor Group LLC now owns 19,934 shares of the financial services provider's stock valued at $519,000 after acquiring an additional 8,483 shares in the last quarter. 46.71% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Arrow Financial

In other Arrow Financial news, Director Raymond F. O'conor sold 2,000 shares of Arrow Financial stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $28.85, for a total value of $57,700.00. Following the completion of the transaction, the director now directly owns 35,859 shares of the company's stock, valued at $1,034,532.15. The trade was a 5.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders sold 6,000 shares of company stock worth $180,080. Insiders own 3.55% of the company's stock.

Analyst Ratings Changes

AROW has been the topic of several recent research reports. Piper Sandler initiated coverage on Arrow Financial in a report on Friday, December 20th. They set a "neutral" rating and a $32.00 target price on the stock. Hovde Group dropped their target price on Arrow Financial from $34.50 to $32.00 and set a "market perform" rating for the company in a report on Friday, December 27th.

Arrow Financial Trading Up 0.4 %

AROW stock traded up $0.11 during trading on Friday, reaching $27.39. 27,662 shares of the stock were exchanged, compared to its average volume of 44,624. The business has a 50 day moving average price of $30.41 and a 200-day moving average price of $29.43. Arrow Financial Co. has a 1 year low of $21.50 and a 1 year high of $34.63. 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 $458.51 million, a price-to-earnings ratio of 13.97 and a beta of 0.77.

Arrow Financial (NASDAQ:AROW - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. The firm had revenue of $57.58 million for the quarter. Arrow Financial had a net margin of 15.00% and a return on equity of 8.59%. On average, research analysts predict that Arrow Financial Co. will post 2.11 earnings per share for the current year.

Arrow Financial Profile

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.