StockNews.com Lowers Arrow Financial (NASDAQ:AROW) to Sell

Arrow Financial (NASDAQ:AROW) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Monday.

Arrow Financial Stock Up 3.0 %

Arrow Financial stock traded up $0.87 on Monday, hitting $30.18. 38,827 shares of the stock traded hands, compared to its average volume of 43,061. The business’s fifty day simple moving average is $25.53 and its 200 day simple moving average is $24.77. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.07. The firm has a market cap of $504.01 million, a P/E ratio of 17.55 and a beta of 0.74. Arrow Financial has a 1 year low of $16.65 and a 1 year high of $30.44.

Arrow Financial (NASDAQ:AROW) last posted its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.02). The company had revenue of $54.54 million during the quarter, compared to analysts’ expectations of $33.29 million. Arrow Financial had a return on equity of 7.89% and a net margin of 14.34%. As a group, sell-side analysts forecast that Arrow Financial will post 2.29 earnings per share for the current year.

Insider Transactions at Arrow Financial

In other news, Director Raymond F. O’conor sold 4,000 shares of Arrow Financial stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $23.63, for a total value of $94,520.00. Following the completion of the transaction, the director now owns 46,419 shares of the company’s stock, valued at approximately $1,096,880.97. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.55% of the stock is owned by insiders.

Hedge Funds Weigh In On Arrow Financial

Hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC bought a new stake in shares of Arrow Financial during the 4th quarter valued at about $29,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Arrow Financial during the 4th quarter valued at about $53,000. Public Employees Retirement System of Ohio bought a new stake in shares of Arrow Financial during the 4th quarter valued at about $128,000. Acadian Asset Management LLC bought a new stake in shares of Arrow Financial during the 1st quarter valued at about $157,000. Finally, Northwest Financial Advisors bought a new stake in shares of Arrow Financial during the 4th quarter valued at about $179,000. Hedge funds and other 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.