StockNews.com Upgrades Arrow Financial (NASDAQ:AROW) to Hold

Arrow Financial (NASDAQ:AROW – Get Rating) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Saturday.

Separately, TheStreet cut shares of Arrow Financial from a “b-” rating to a “c+” rating in a report on Tuesday, April 18th.

Arrow Financial Trading Down 2.5 %

NASDAQ:AROW opened at $19.18 on Friday. The business’s 50-day simple moving average is $22.87 and its 200-day simple moving average is $29.55. Arrow Financial has a fifty-two week low of $17.64 and a fifty-two week high of $36.51. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $317.03 million, a PE ratio of 6.48 and a beta of 0.66.

Insider Activity at Arrow Financial

In other Arrow Financial news, Director Gary C. Dake purchased 1,000 shares of the firm’s stock in a transaction dated Friday, March 10th. The stock was bought at an average cost of $27.57 per share, with a total value of $27,570.00. Following the purchase, the director now directly owns 46,329 shares of the company’s stock, valued at $1,277,290.53. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 4.19% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Arrow Financial Corp grew its stake in shares of Arrow Financial by 3.3% in the third quarter. Arrow Financial Corp now owns 1,576,398 shares of the financial services provider’s stock valued at $45,432,000 after buying an additional 50,451 shares in the last quarter. UBS Group AG grew its position in shares of Arrow Financial by 468.2% in the 1st quarter. UBS Group AG now owns 54,695 shares of the financial services provider’s stock valued at $1,773,000 after acquiring an additional 45,069 shares during the period. Morgan Stanley increased its stake in shares of Arrow Financial by 64.0% during the 4th quarter. Morgan Stanley now owns 115,244 shares of the financial services provider’s stock worth $3,907,000 after purchasing an additional 44,969 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Arrow Financial by 5.8% in the 3rd quarter. Vanguard Group Inc. now owns 724,570 shares of the financial services provider’s stock valued at $20,881,000 after purchasing an additional 39,409 shares during the period. Finally, State Street Corp lifted its stake in Arrow Financial by 9.0% in the 1st quarter. State Street Corp now owns 408,144 shares of the financial services provider’s stock valued at $10,163,000 after purchasing an additional 33,564 shares during the last quarter. 44.18% of the stock is currently owned by institutional investors.

About Arrow Financial

(Get Rating)

Arrow Financial Corp. is a bank holding company, which engages in the provision of banking and insurance services through its subsidiaries, Glens Falls National and Saratoga National. It offers deposit accounts, lending activities, insurance products, and loans. The company was founded on March 21, 1983 and is headquartered in Glens Falls, NY.