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

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

Arrow Financial Stock Performance

Shares of NASDAQ:AROW traded up $0.87 during trading on Monday, hitting $30.18. The stock had a trading volume of 38,827 shares, compared to its average volume of 43,061. Arrow Financial has a 12-month low of $16.65 and a 12-month high of $30.44. The stock has a market capitalization of $504.01 million, a price-to-earnings ratio of 17.55 and a beta of 0.74. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.07. The stock has a 50-day simple moving average of $25.53 and a two-hundred day simple moving average of $24.77.

Arrow Financial (NASDAQ:AROW) last announced its quarterly earnings data 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). Arrow Financial had a return on equity of 7.89% and a net margin of 14.34%. The firm had revenue of $54.54 million during the quarter, compared to analysts’ expectations of $33.29 million. On average, equities research analysts expect that Arrow Financial will post 2.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Raymond F. O’conor sold 4,000 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $23.63, for a total transaction of $94,520.00. Following the sale, the director now directly owns 46,419 shares of the company’s stock, valued at $1,096,880.97. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.55% of the stock is owned by corporate insiders.

Institutional Trading of Arrow Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC acquired a new stake in Arrow Financial in the fourth quarter valued at approximately $29,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Arrow Financial in the fourth quarter valued at approximately $53,000. Public Employees Retirement System of Ohio acquired a new stake in Arrow Financial in the fourth quarter valued at approximately $128,000. Acadian Asset Management LLC acquired a new stake in Arrow Financial in the first quarter valued at approximately $157,000. Finally, Northwest Financial Advisors acquired a new stake in Arrow Financial in the fourth quarter valued at approximately $179,000. 46.71% of the stock is owned by institutional investors and hedge funds.

About Arrow Financial

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.