Equities researchers at Piper Sandler started coverage on shares of Arrow Financial (NASDAQ:AROW – Get Free Report) in a research report issued to clients and investors on Friday, Marketbeat.com reports. The brokerage set a “neutral” rating and a $32.00 price target on the financial services provider’s stock. Piper Sandler’s target price would suggest a potential upside of 10.34% from the company’s previous close.
Separately, Hovde Group began coverage on shares of Arrow Financial in a research report on Monday, September 9th. They set a “market perform” rating and a $31.00 price target on the stock.
View Our Latest Stock Analysis on AROW
Arrow Financial Trading Up 1.2 %
Arrow Financial (NASDAQ:AROW – Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The financial services provider reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. The company had revenue of $57.58 million during the quarter. Arrow Financial had a return on equity of 8.59% and a net margin of 15.00%.
Insider Buying and Selling at Arrow Financial
In other news, Director Raymond F. O’conor sold 2,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $28.04, for a total transaction of $56,080.00. Following the completion of the transaction, the director now directly owns 41,176 shares in the company, valued at $1,154,575.04. This trade represents a 4.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders sold 6,000 shares of company stock valued at $178,460. Corporate insiders own 3.55% of the company’s stock.
Institutional Trading of Arrow Financial
Institutional investors and hedge funds have recently bought and sold shares of the company. Arrow Financial Corp raised its holdings in Arrow Financial by 1.2% in the 3rd quarter. Arrow Financial Corp now owns 1,969,793 shares of the financial services provider’s stock worth $56,454,000 after acquiring an additional 23,198 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Arrow Financial by 13.7% in the 2nd quarter. American Century Companies Inc. now owns 266,651 shares of the financial services provider’s stock worth $6,946,000 after purchasing an additional 32,158 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Arrow Financial by 4.7% in the second quarter. Dimensional Fund Advisors LP now owns 700,253 shares of the financial services provider’s stock worth $18,241,000 after purchasing an additional 31,268 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Arrow Financial by 136.2% during the 3rd 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 acquiring an additional 31,741 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in 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 purchasing an additional 398 shares during the period. 46.71% of the stock is currently owned by institutional investors.
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.
Featured Stories
- Five stocks we like better than Arrow Financial
- What is the Australian Securities Exchange (ASX)
- Oil Titans Face Off: Exxon Mobil or Chevron for 2025 Gains?
- What Does Downgrade Mean in Investing?
- Mining Stocks Back in the Spotlight: 3 Key Names to Watch
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- MarketBeat Week in Review – 12/16 – 12/20
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.