Arrow Financial Co. (NASDAQ:AROW) Director Sells $112,035.00 in Stock

Arrow Financial Co. (NASDAQ:AROW) Director Gary C. Dake sold 3,500 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $32.01, for a total transaction of $112,035.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Gary C. Dake also recently made the following trade(s):

  • On Monday, August 12th, Gary C. Dake sold 3,500 shares of Arrow Financial stock. The shares were sold at an average price of $32.38, for a total transaction of $113,330.00.

Shares of AROW stock traded up $0.50 during mid-day trading on Monday, reaching $32.78. 984 shares of the company’s stock traded hands, compared to its average volume of 14,919. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $472.17 million, a PE ratio of 13.22 and a beta of 0.59. Arrow Financial Co. has a 12 month low of $30.45 and a 12 month high of $39.45. The firm has a 50 day moving average price of $32.62 and a two-hundred day moving average price of $33.50.

Arrow Financial (NASDAQ:AROW) last announced its earnings results on Monday, July 22nd. The financial services provider reported $0.62 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.62. Arrow Financial had a return on equity of 13.03% and a net margin of 27.06%. The company had revenue of $28.60 million for the quarter.

The business also recently disclosed a — dividend, which will be paid on Friday, September 27th. Stockholders of record on Tuesday, September 17th will be paid a $3.00 dividend. This represents a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, September 16th.

Several hedge funds and other institutional investors have recently bought and sold shares of AROW. Royal Bank of Canada grew its stake in Arrow Financial by 1,040.5% during the 2nd quarter. Royal Bank of Canada now owns 18,146 shares of the financial services provider’s stock valued at $630,000 after purchasing an additional 16,555 shares during the last quarter. HM Payson & Co. acquired a new stake in shares of Arrow Financial during the second quarter worth about $186,000. Bank of America Corp DE lifted its holdings in shares of Arrow Financial by 6.9% during the second quarter. Bank of America Corp DE now owns 33,920 shares of the financial services provider’s stock worth $1,178,000 after purchasing an additional 2,198 shares during the period. BlackRock Inc. boosted its position in Arrow Financial by 2.2% in the second quarter. BlackRock Inc. now owns 1,052,537 shares of the financial services provider’s stock valued at $36,554,000 after buying an additional 23,059 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in Arrow Financial by 7.3% in the second quarter. Parametric Portfolio Associates LLC now owns 20,906 shares of the financial services provider’s stock valued at $726,000 after buying an additional 1,422 shares during the last quarter. 40.70% of the stock is currently owned by hedge funds and other institutional investors.

Separately, BidaskClub downgraded shares of Arrow Financial from a “hold” rating to a “sell” rating in a research report on Friday, August 30th.

About Arrow Financial

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 improvements to commercial properties, as well as commercial construction and land development loans to finance projects.

Recommended Story: Why is a lock-up period needed for an IPO?

Insider Buying and Selling by Quarter for Arrow Financial (NASDAQ:AROW)

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.