Arrow Financial Corporation (NASDAQ:AROW) is expected to pay $0.25 on Dec 15, 2016. The indicated annual dividend is $1.00. Shareholders owning the stock before Nov 30, 2016 will be eligible to receive the payout. Based on Arrow Financial Corporation’s current price of $39.03, the dividend is 0.64%. This dividend’s record date is Dec 2, 2016 and the announcement date is Oct 26, 2016. The stock decreased 1.08% or $0.42 during the last trading session, hitting $39.03. Arrow Financial Corporation (NASDAQ:AROW) has risen 36.18% since April 26, 2016 and is uptrending. It has outperformed by 30.92% the S&P500.
Arrow Financial Corporation is a bank holding company. The company has a market cap of $527.57 million. The Company’s banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) and Saratoga National Bank and Trust Company (Saratoga National). It has a 19.76 P/E ratio. It operates in community banking industry segment.
Insitutional Activity: The institutional sentiment increased to 3.37 in 2016 Q2. Its up 2.01, from 1.36 in 2016Q1. The ratio increased, as 4 funds sold all Arrow Financial Corporation shares owned while 21 reduced positions. 4 funds bought stakes while 30 increased positions. They now own 4.77 million shares or 0.22% less from 4.78 million shares in 2016Q1.
Schroder Invest Mgmt Group has 0% invested in the company for 1,984 shares. Citigroup has invested 0% of its portfolio in Arrow Financial Corporation (NASDAQ:AROW). Schwab Charles Investment Mngmt has 0% invested in the company for 42,953 shares. Metropolitan Life Insur Com New York has invested 0% of its portfolio in Arrow Financial Corporation (NASDAQ:AROW). Lsv Asset has invested 0% of its portfolio in Arrow Financial Corporation (NASDAQ:AROW). Federated Investors Pa accumulated 0% or 1,047 shares. Martingale Asset Management Ltd Partnership holds 8,456 shares or 0% of its portfolio. The Massachusetts-based Geode Mngmt Ltd Llc has invested 0% in Arrow Financial Corporation (NASDAQ:AROW). The New York-based Arrow Financial Corporation has invested 10.7% in Arrow Financial Corporation (NASDAQ:AROW). Parametric Assoc Ltd Liability Corporation last reported 0% of its portfolio in the stock. Fifth Third Savings Bank accumulated 0% or 375 shares. Denali Advsrs Lc owns 154 shares or 0% of their US portfolio. Creative Planning reported 27 shares or 0% of all its holdings. Nationwide Fund Advsr has 7,753 shares for 0% of their US portfolio. Next Fincl Group accumulated 2,500 shares or 0.02% of the stock.
Insider Transactions: Since June 6, 2016, the stock had 0 insider purchases, and 4 sales for $457,691 net activity. 4,019 shares with value of $128,207 were sold by DeMarco David S. on Wednesday, July 27. Clarke Michael B had sold 6,279 shares worth $236,811 on Wednesday, November 16. HOY THOMAS L sold $28,839 worth of stock.
Another recent and important Arrow Financial Corporation (NASDAQ:AROW) news was published by Streetinsider.com which published an article titled: “Form 4 ARROW FINANCIAL CORP For: Nov 18 Filed by: DAKE GARY C” on November 28, 2016.
AROW Company Profile
Arrow Financial Corporation (Arrow), incorporated on March 21, 1983, is a bank holding company. The Company’s banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) and Saratoga National Bank and Trust Company (Saratoga National). It operates in community banking industry segment. The subsidiaries of Glens Falls National include Capital Financial Group, Inc. (an insurance agency engaged in selling and servicing group healthcare policies and life insurance); Upstate Agency, LLC (a property and casualty insurance agency); Glens Falls National Insurance Agencies, LLC (a property and casualty insurance agency doing business under the name of McPhillips Insurance Agency); North Country Investment Advisers, Inc. (a registered investment adviser that provides investment advice to the Company’s mutual funds), and Arrow Properties, Inc. (a real estate investment trust (REIT)). The Company’s business consists primarily of the ownership, supervision and control of its approximately two banks. The Firm provides advisory and administrative services and coordinates the general policies and operation of the banks. It offers a range of commercial and consumer banking, and financial products. The Company’s deposit base consists of deposits derived from the communities it serves. Through its banks’ trust operations, the Company provides retirement planning, trust and estate administration services for individuals, and pension, profit-sharing and employee benefit plan administration for firms.
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