A Director at Arrow Financial Corp is Exercising Options

Today it was reported that a Director at Arrow Financial Corp (NASDAQ: AROW), Richard Reisman, exercised options to buy 1,189 AROW shares at $18.00 a share, for a total transaction value of $21.4K.

Following Richard Reisman’s last AROW Buy transaction on March 03, 2016, the stock climbed by 13.3%. This recent transaction increases Richard Reisman’s holding in the company by 10.44% to a total of $481.7K.

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Based on Arrow Financial Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $31.5 million and quarterly net profit of $9.73 million. In comparison, last year the company earned revenue of $27.98 million and had a net profit of $7.21 million. AROW’s market cap is $536.3M and the company has a P/E ratio of 15.89. Currently, Arrow Financial Corp has an average volume of 4,068.

In the last 30 days, insiders have sold $37.55K worth of AROW shares and purchased $21.4K worth of AROW shares. The insider sentiment on Arrow Financial Corp has been negative according to 52 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Richard Reisman’s trades have generated a -8.5% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Arrow Financial Corp. is holding company, which through its subsidiaries, engages in the provision of banking and insurance services. It offers online and mobile banking, wealth management, money market and deposit accounts, mortgage, consumer and commercial loans, trust administration, retirement plan administration, advice to its proprietary mutual funds, and insurance products. The company was founded on March 21, 1983 and is headquartered in Glens Falls, NY.