Live Stock Coverage: Will Arrow Financial Corporation Run Out of Steam Soon?

Live Stock Coverage: Will Arrow Financial Corporation Run Out of Steam Soon?

The stock of Arrow Financial Corporation (NASDAQ:AROW) hit a new 52-week high and has $58.19 target or 56.00% above today’s $37.30 share price. The 7 months bullish chart indicates low risk for the $537.16M company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $58.19 price target is reached, the company will be worth $300.81 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 38,905 shares traded hands or 141.27% up from the average. Arrow Financial Corporation (NASDAQ:AROW) has risen 37.69% since April 11, 2016 and is uptrending. It has outperformed by 31.54% 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.
Metropolitan Life Insurance Ny last reported 8,373 shares in the company. Royal Natl Bank Of Canada last reported 0% of its portfolio in the stock. Bnp Paribas Arbitrage Sa last reported 0% of its portfolio in the stock. Denali Advsr Limited Liability Corp reported 154 shares or 0% of all its holdings. Deutsche State Bank Ag holds 56,887 shares or 0% of its portfolio. New York State Common Retirement Fund has 0% invested in the company for 13,500 shares. Hightower Advisors Ltd Liability Com has 0.01% invested in the company for 13,151 shares. Wedge Mngmt L Ltd Partnership Nc has invested 0.01% of its portfolio in Arrow Financial Corporation (NASDAQ:AROW). Barclays Plc reported 18 shares or 0% of all its holdings. Brandywine Glob Management Ltd Llc has 0% invested in the company for 4,536 shares. Legal & General Group Public Limited Com holds 1,840 shares or 0% of its portfolio. Voya Investment Management Lc last reported 7,082 shares in the company. Northern Trust last reported 0% of its portfolio in the stock. Vanguard Group Inc last reported 471,797 shares in the company. Comml Bank Of Montreal Can last reported 4,595 shares in the company.

Insider Transactions: Since May 20, 2016, the stock had 0 buys, and 5 selling transactions for $251,206 net activity. The insider CARUSONE JOHN J JR sold $23,771. Clarke Michael B sold 2,000 shares worth $63,834. On Wednesday, July 27 the insider DeMarco David S. sold $128,207. On Monday, June 6 the insider HOY THOMAS L sold $28,839.

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.

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