During the third quarter, Janney Montgomery Scott LLC increased its holdings of Arrow Financial Co. (NASDAQ: AROW), as stated in the most recent Form 13F filing with the Securities and Exchange Commission. This information can be found in the most recent quarterly report that the organization submitted to the SECAROW), as stated in the most recent Form 13F filing with the Securities and Exchange Commission. This information can be found in the most recent quarterly report that the organization submitted to the SEC. To fulfill their stock purchase of $456.00, the institutional investor paid a total of $456.00 to acquire 15,818 shares of the provider’s stock. This brought the total amount paid by the investor to $456.00. Janney Montgomery Scott LLC, a brokerage firm, had ownership of approximately 0.10% of Arrow Financial as of the end of the most recent fiscal quarter.
Many other institutional investors and hedge funds have made recent adjustments to their AROW holdings throughout the past few months.
During the second quarter, King Wealth increased the amount of Arrow Financial stock owned by 8.5%, bringing the total percentage of King Wealth’s ownership to 89.5%.
After making an additional purchase of 1,000 shares, King Wealth now has 12,828 of the company’s shares, giving it a market capitalization of $408,000. This was made possible due to an additional purchase made during the period.
During the second quarter, Legal & General Group Plc increased the amount of Arrow Financial stock owned by 6.9%. This increase was accomplished by purchasing additional shares.
Legal & General Group Plc now owns a total of 6,654 shares of the stock in the financial services company, which has a value of $212,000 after purchasing an additional 429 shares during the most recent reporting period.
BNP Paribas Arbitrage SA increased the percentage of Arrow Financial in which it owned a stake by 40.5% during the year’s second quarter. Following the acquisition of an additional 1,213 shares during the preceding week, BNP Paribas Arbitrage SA now owns a total of 4,205 shares of the financial services provider’s stock, valued at $134,000. Great West Life Assurance Company of Canada increased the percentage of ownership it held in Arrow Financial by 71.9% over the first three months of the year. Great West Life Assurance Company has a total of 944 shares in the company that provides financial services after purchasing an additional 395 shares during the most recent quarter. The stock is currently valued at $32,000, and Great West Life Assurance Company has 944 shares.
During the third quarter, Trust Co. of Vermont increased the amount of Arrow Financial stock owned by 3.0%, making this the last and most important point. Following the acquisition of an additional 1,103 shares As of the end of the most recent fiscal period, Trust Company of Vermont has accumulated 37,968 shares of the company held by the financial services provider. These shares are currently worth a total of $1,094,000 as of right now.
Institutional investors own most of the company’s stock, which amounts to 44.18%.
Several research analysts have published their findings on the AROW stock in recent months.
Piper Sandler disclosed in a research note made public on Wednesday, October 5, that they have decreased their price target on Arrow Financial to $33.00 due to recent market events. StockNews.com released a research report on Wednesday, October 12, which initiated coverage of shares of Arrow Financial. The report can be found here. They recommended that shareholders “hold” their shares of the company.
NASDAQ: AROW was first available for trading on Tuesday with an opening price of $33.40. The company’s current market capitalization is reported to be $552.07 million, its price-to-earnings ratio is 11.77, and its beta is reported to be 0.67. The company’s simple moving average for the past 50 days is $34.25, and its simple moving average for the past 200 days is $33.08, respectively.
All of the ratios, including the debt-to-equity ratio, the quick ratio, and the current ratio, add up to 0.15, and the quick ratio also adds up to 0.86. The current price of Arrow Financial Co.
Is $36.56, which is significantly higher than the 52-week low of $28.50 and the 52-week high of $28.50.
On October 27, the quarterly earnings report for Arrow Financial, which is traded on the NASDAQ under the symbol AROW, was made public. The financial services company reported earnings per share of $0.74 for the most recent quarter, which was $0.06 higher than the consensus estimate of $0.68 from market experts. The actual revenue for the quarter came in at $38.73 million, which is significantly higher than the consensus projection of $36.80 million in revenue for the quarter. The figures for Arrow Financial showed a return on equity of 13.15 percent and a net margin of 30.65 percent. The majority opinion held by specialists in the financial market is that Arrow Financial Company will achieve earnings of $3.02 per share in 2018.
In addition, the company announced a quarterly dividend, and on December 15, that dividend was paid out to shareholders. On December 1, shareholders registered as owning the company were eligible to receive a dividend payment of $0.27 per share. This equates to an annual dividend payment of 1.08 dollars and a dividend yield of 3.23 percent. The day before the dividend was paid out, the 30th of the month, the ex-dividend date for this dividend was the previous Wednesday.
Arrow Financial has a dividend payout ratio, or DPR, of 38.07 percent. This metric is also known as the dividend payout percentage.
As a bank holding company, Arrow Financial Corporation provides various banking services, including retail and commercial banking, in addition to other financial assistance and products. Customers have access to a wide variety of deposit options through the company, including checking accounts that earn interest, savings, demand, time, and additional time deposits.
Its lending activities also include loans for commercial construction and land development to finance projects and loans for commercial real estate to finance real estate purchases, refinancing, expansions, and improvements to commercial properties. These loans are used to finance a variety of projects, including commercial construction, land development, and improvements to commercial properties.
In addition, it offers funding for commercial real estate loans to finance real estate acquisition. The three most common commercial loans are term loans, time notes, and lines of credit.