Arrow Financial (NASDAQ:AROW) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Arrow Financial Co. (NASDAQ:AROW)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $29.20 and traded as low as $26.81. Arrow Financial shares last traded at $26.97, with a volume of 18,385 shares trading hands.

Analyst Ratings Changes

Several brokerages have recently commented on AROW. Hovde Group decreased their target price on Arrow Financial from $34.50 to $32.00 and set a “market perform” rating on the stock in a report on Friday, December 27th. 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 research note on Tuesday, February 4th.

Arrow Financial Stock Performance

The company has a 50 day moving average price of $27.88 and a 200-day moving average price of $29.16. 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 company has a market cap of $449.47 million, a P/E ratio of 15.17 and a beta of 0.76.

Arrow Financial (NASDAQ:AROW) last issued its quarterly earnings data on Thursday, January 30th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.12). Arrow Financial had a return on equity of 8.59% and a net margin of 13.32%. On average, equities analysts expect that Arrow Financial Co. will post 2.65 earnings per share for the current fiscal year.

Arrow Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Monday, February 10th will be given a $0.28 dividend. The ex-dividend date is Monday, February 10th. This represents a $1.12 annualized dividend and a yield of 4.17%. This is a boost from Arrow Financial’s previous quarterly dividend of $0.25. Arrow Financial’s payout ratio is currently 63.28%.

Insider Buying and Selling at Arrow Financial

In other Arrow Financial news, Director Daniel James White acquired 3,668 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were purchased at an average cost of $27.23 per share, for a total transaction of $99,879.64. Following the transaction, the director now owns 4,338 shares in the company, valued at $118,123.74. This represents a 547.46 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Raymond F. O’conor sold 2,000 shares of Arrow Financial stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $32.69, for a total value of $65,380.00. Following the completion of the sale, the director now owns 37,859 shares in the company, valued at approximately $1,237,610.71. This represents a 5.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,000 shares of company stock worth $173,640 over the last ninety days. 3.55% of the stock is currently owned by company insiders.

Institutional Trading of Arrow Financial

A number of institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in Arrow Financial during the third quarter valued at about $164,000. Private Advisor Group LLC raised its position in Arrow Financial by 26.7% during the third quarter. Private Advisor Group LLC now owns 25,257 shares of the financial services provider’s stock valued at $724,000 after purchasing an additional 5,323 shares during the period. Atria Investments Inc raised 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 valued at $483,000 after purchasing an additional 4,148 shares during the period. Arrow Financial Corp raised its position in Arrow Financial by 1.2% during the third 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 during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Arrow Financial by 136.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 55,050 shares of the financial services provider’s stock valued at $1,578,000 after buying an additional 31,741 shares during the last quarter. Institutional investors own 46.71% of the company’s stock.

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.