Yesterday it was reported that a Director at Arrow Financial Corp (AROW), Richard Reisman, exercised options to buy 1,255 AROW shares at $19.58 a share, for a total transaction value of $24.57K.
Following this transaction Richard Reisman’s holding in the company was increased by 9.43% to a total of $477.5K. In addition to Richard Reisman, 3 other AROW executives reported Buy trades in the last month.
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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 $34.12 million and quarterly net profit of $8.93 million. In comparison, last year the company earned revenue of $31.5 million and had a net profit of $9.73 million. The company has a one-year high of $38.84 and a one-year low of $30.45. AROW’s market cap is $470.4M and the company has a P/E ratio of 13.34.
In the last 30 days, insiders have sold $172.5K worth of AROW shares and purchased $149.6K worth of AROW shares. The insider sentiment on Arrow Financial Corp has been negative according to 42 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 -7.9% 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.
