Price Action Don’t Lie: Is Arrow Financial Corporation a Buy? The Stock Reaches All Time High Today

Price Action Don't Lie: Is Arrow Financial Corporation a Buy? The Stock Reaches All Time High Today

The stock of Arrow Financial Corporation (NASDAQ:AROW) reached all time high today, Nov, 10 and still has $56.08 target or 56.00% above today’s $35.95 share price. This indicates more upside for the $510.64M company. This technical setup was reported by Barchart.com. If the $56.08 PT is reached, the company will be worth $285.96M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 7.31% or $2.45 during the last trading session, hitting $35.95. About 66,017 shares traded hands or 354.10% up from the average. Arrow Financial Corporation (NASDAQ:AROW) has risen 28.99% since April 8, 2016 and is uptrending. It has outperformed by 23.35% the S&P500.

According to Zacks Investment Research, “Arrow Financial Corporation is registered as a bank holding company. They own two nationally chartered banks, Glens Falls National Bank and Trust Company, and Saratoga National Bank and Trust Company, as well as two non-bank subsidiaries, the operations of which are not significant. They own directly or indirectly all voting stock of all its subsidiaries. The business of the Company consists primarily of the ownership, supervision and control of its bank subsidiaries.”

Insitutional Activity: The institutional sentiment decreased to 1.36 in 2016 Q2. Its down 0.80, from 2.16 in 2016Q1. The ratio fall, 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.
Price T Rowe Associates Inc Md last reported 11,263 shares in the company. The California-based California State Teachers Retirement Sys has invested 0% in Arrow Financial Corporation (NASDAQ:AROW). Deutsche Bank Ag owns 56,887 shares or 0% of their US portfolio. Teachers Advsrs Incorporated accumulated 20,258 shares or 0% of the stock. The Washington-based Parametric Port Assoc Limited Liability Corporation has invested 0% in Arrow Financial Corporation (NASDAQ:AROW). Hightower Advisors Lc holds 13,151 shares or 0.01% of its portfolio. Smith Asset Mgmt Grp L P holds 0.01% of its portfolio in Arrow Financial Corporation (NASDAQ:AROW) for 10,830 shares. The Illinois-based Lsv Asset Mngmt has invested 0% in Arrow Financial Corporation (NASDAQ:AROW). Moreover, Blackrock Incorporated has 0% invested in Arrow Financial Corporation (NASDAQ:AROW) for 4,134 shares. National Bank Of America De accumulated 0% or 5,210 shares. American International Inc accumulated 6,326 shares or 0% of the stock. Morgan Stanley holds 0% of its portfolio in Arrow Financial Corporation (NASDAQ:AROW) for 4,649 shares. Savings Bank Of Montreal Can has 0% invested in the company for 4,595 shares. Nationwide Fund Advsr holds 0% of its portfolio in Arrow Financial Corporation (NASDAQ:AROW) for 7,753 shares. Dimensional Fund Advsr Lp has 0.01% invested in the company for 392,190 shares.

Insider Transactions: Since May 20, 2016, the stock had 0 insider buys, and 5 insider sales for $251,206 net activity. DeMarco David S. sold $128,207 worth of Arrow Financial Corporation (NASDAQ:AROW) on Wednesday, July 27. 1,000 Arrow Financial Corporation (NASDAQ:AROW) shares with value of $28,839 were sold by HOY THOMAS L. On Monday, July 25 the insider Clarke Michael B sold $63,834. Another trade for 834 shares valued at $23,771 was made by CARUSONE JOHN J JR on Friday, May 20.

More news for Arrow Financial Corporation (NASDAQ:AROW) were recently published by: Prnewswire.com, which released: “Arrow Financial Corporation Declares December Cash Dividend” on October 26, 2016. Bizjournals.com‘s article titled: “This Albany area bank CEO just got a raise” and published on June 02, 2016 is yet another important article.

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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment