Arrow Financial (NASDAQ:AROW – Get Rating) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.
Separately, TheStreet downgraded Arrow Financial from a “b-” rating to a “c+” rating in a research report on Tuesday, April 18th.
Arrow Financial Stock Performance
NASDAQ AROW traded down $0.33 on Friday, hitting $19.59. 40,770 shares of the company traded hands, compared to its average volume of 42,510. The company has a market capitalization of $323.80 million, a price-to-earnings ratio of 6.62 and a beta of 0.66. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average price is $24.02 and its 200-day moving average price is $30.10. Arrow Financial has a 52-week low of $19.10 and a 52-week high of $36.51.
Insider Buying and Selling at Arrow Financial
In other Arrow Financial news, Director Gary C. Dake purchased 1,000 shares of the firm’s stock in a transaction on Friday, March 10th. The shares were acquired at an average cost of $27.57 per share, with a total value of $27,570.00. Following the completion of the acquisition, the director now directly owns 46,329 shares in the company, valued at $1,277,290.53. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 4.19% of the company’s stock.
Institutional Investors Weigh In On Arrow Financial
Several large investors have recently added to or reduced their stakes in AROW. Great West Life Assurance Co. Can bought a new stake in Arrow Financial during the third quarter worth approximately $27,000. Ensign Peak Advisors Inc bought a new stake in Arrow Financial during the third quarter worth approximately $28,000. Steward Partners Investment Advisory LLC bought a new stake in Arrow Financial during the fourth quarter worth approximately $40,000. Tower Research Capital LLC TRC increased its stake in Arrow Financial by 236.8% during the third quarter. Tower Research Capital LLC TRC now owns 2,570 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 1,807 shares during the last quarter. Finally, MinichMacGregor Wealth Management LLC bought a new stake in Arrow Financial during the fourth quarter worth approximately $87,000. 44.18% of the stock is owned by institutional investors.
About Arrow Financial
Arrow Financial Corp. is a bank holding company, which engages in the provision of banking and insurance services through its subsidiaries, Glens Falls National and Saratoga National. It offers deposit accounts, lending activities, insurance products, and loans. The company was founded on March 21, 1983 and is headquartered in Glens Falls, NY.