Arrow Financial Co. (NASDAQ:AROW) Shares Bought by Trust Co. of Vermont

Trust Co. of Vermont raised its position in Arrow Financial Co. (NASDAQ:AROW - Free Report) by 49.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,365 shares of the financial services provider's stock after purchasing an additional 19,000 shares during the quarter. Trust Co. of Vermont owned 0.34% of Arrow Financial worth $1,647,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of AROW. Arrow Financial Corp increased its holdings in Arrow Financial by 1.2% in the 3rd quarter. Arrow Financial Corp now owns 1,969,793 shares of the financial services provider's stock valued at $56,454,000 after purchasing an additional 23,198 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Arrow Financial by 13.7% in the second quarter. American Century Companies Inc. now owns 266,651 shares of the financial services provider's stock valued at $6,946,000 after buying an additional 32,158 shares in the last quarter. Barclays PLC raised its holdings in shares of Arrow Financial by 251.9% during the 3rd quarter. Barclays PLC now owns 21,411 shares of the financial services provider's stock valued at $614,000 after buying an additional 15,327 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Arrow Financial by 4.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 700,253 shares of the financial services provider's stock valued at $18,241,000 after buying an additional 31,268 shares during the period. Finally, BNP Paribas Financial Markets boosted 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 worth $99,000 after acquiring an additional 398 shares during the period. Hedge funds and other institutional investors own 46.71% of the company's stock.

Arrow Financial Stock Up 0.4 %

AROW traded up $0.11 on Friday, reaching $27.39. The company's stock had a trading volume of 27,662 shares, compared to its average volume of 36,743. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.93 and a quick ratio of 0.93. Arrow Financial Co. has a 1 year low of $21.50 and a 1 year high of $34.63. The business's 50 day moving average is $30.41 and its 200 day moving average is $29.45. The stock has a market cap 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 earnings per share for the quarter, hitting analysts' consensus estimates of $0.53. The business had revenue of $57.58 million during the quarter. Arrow Financial had a net margin of 15.00% and a return on equity of 8.59%. As a group, research analysts forecast that Arrow Financial Co. will post 2.11 EPS for the current fiscal year.

Insider Transactions at Arrow Financial

In related news, Director Raymond F. O'conor sold 2,000 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $28.85, for a total transaction of $57,700.00. Following the sale, the director now directly owns 35,859 shares of the company's stock, valued at approximately $1,034,532.15. This represents a 5.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 6,000 shares of company stock valued at $180,080. Insiders own 3.55% of the company's stock.

Analyst Ratings Changes

AROW has been the topic of a number of analyst reports. Piper Sandler initiated coverage on shares of Arrow Financial in a research note on Friday, December 20th. They set a "neutral" rating and a $32.00 price objective on the stock. Hovde Group lowered their price target on shares of 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 Company 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.