19 hours Ago By Defense World Staff
American Century Companies Inc. boosted its holdings in Arrow Financial Co. ( NASDAQ:AROW – Free Report ) by 4.
3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 304,964 shares of the financial services provider’s stock after buying an additional 12,581 shares during the quarter. American Century Companies Inc.
owned approximately 1.82% of Arrow Financial worth $8,756,000 at the end of the most recent reporting period. Other hedge funds have also added to or reduced their stakes in the company.
BNP Paribas Financial Markets raised its stake 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 valued at $99,000 after acquiring an additional 398 shares during the last quarter.
SG Americas Securities LLC raised its position in Arrow Financial by 18.5% during the 4th quarter. SG Americas Securities LLC now owns 6,765 shares of the financial services provider’s stock worth $194,000 after purchasing an additional 1,056 shares during the last quarter.
Citizens Financial Group Inc. RI acquired a new position in Arrow Financial during the 4th quarter worth about $319,000. JPMorgan Chase & Co.
grew its position in shares of Arrow Financial by 137.8% in the 3rd quarter. JPMorgan Chase & Co.
now owns 18,702 shares of the financial services provider’s stock valued at $536,000 after buying an additional 10,838 shares during the last quarter. Finally, Atria Investments Inc grew its position in shares of Arrow Financial by 17.3% in the 4th quarter.
Atria Investments Inc now owns 19,768 shares of the financial services provider’s stock valued at $568,000 after buying an additional 2,912 shares during the last quarter. 46.71% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets A number of analysts have weighed in on AROW shares. Piper Sandler decreased their price target on Arrow Financial from $32.00 to $30.
00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Hovde Group decreased 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. Insider Activity In other news, Director Raymond F. O’conor sold 2,000 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 35,022 shares in the company, valued at $885,356.16. This trade represents a 5.
40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link . Also, Director Daniel James White acquired 3,668 shares of the firm’s stock in a transaction dated Friday, January 31st.
The shares were purchased at an average price of $27.23 per share, for a total transaction of $99,879.64.
Following the completion of the transaction, the director now directly owns 4,338 shares in the company, valued at approximately $118,123.74. This trade represents a 547.
46 % increase in their ownership of the stock. The disclosure for this purchase can be found here . Over the last ninety days, insiders sold 6,000 shares of company stock valued at $156,240.
Insiders own 3.55% of the company’s stock. Arrow Financial Stock Down 0.
1 % AROW stock opened at $26.33 on Thursday. The stock has a market cap of $440.
18 million, a P/E ratio of 14.88 and a beta of 0.73.
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 stock’s fifty day simple moving average is $26.64 and its two-hundred day simple moving average is $28.
65. Arrow Financial Co. has a 1-year low of $21.
50 and a 1-year high of $34.63. Arrow Financial ( NASDAQ:AROW – Get Free Report ) last issued its quarterly earnings results on Thursday, January 30th.
The financial services provider reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.
12). Arrow Financial had a net margin of 13.32% and a return on equity of 8.
59%. Analysts expect that Arrow Financial Co. will post 2.
65 EPS for the current year. Arrow Financial Increases Dividend The business also recently declared a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Monday, February 10th were paid a $0.
28 dividend. This is a boost from Arrow Financial’s previous quarterly dividend of $0.25.
This represents a $1.12 dividend on an annualized basis and a yield of 4.25%.
The ex-dividend date of this dividend was Monday, February 10th. Arrow Financial’s payout ratio is 63.28%.
Arrow Financial Profile ( 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.
Featured Stories Five stocks we like better than Arrow Financial Technology Stocks Explained: Here’s What to Know About Tech Homebuilders in Freefall: Bargain Opportunity or Falling Knife? Using the MarketBeat Dividend Tax Calculator The 3 Most Talked About Investments on WallStreetBets Right Now How to trade penny stocks: A step-by-step guide Analyst Targets Signal More Growth in CrowdStrike Stock 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 ..
