News coverage about Arrow Financial (NASDAQ:AROW) has trended positive on Saturday, Alpha One Sentiment reports. The research group, a division of Accern, identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Alpha One ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Arrow Financial earned a news impact score of 0.31 on Alpha One’s scale. Alpha One also gave media headlines about the financial services provider an impact score of 0 out of 100, indicating that recent press coverage is extremely unlikely to have an effect on the company’s share price in the near future.
Shares of Arrow Financial (NASDAQ:AROW) traded up 4.10% during mid-day trading on Friday, hitting $34.30. 46,217 shares of the stock were exchanged. Arrow Financial has a 52 week low of $28.23 and a 52 week high of $41.70. The stock has a market capitalization of $463.19 million, a price-to-earnings ratio of 17.41 and a beta of 0.52. The stock’s 50-day moving average is $33.27 and its 200-day moving average is $35.70.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Friday, June 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Wednesday, May 31st. Arrow Financial’s dividend payout ratio (DPR) is currently 50.75%.
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In other Arrow Financial news, Chairman Thomas L. Hoy sold 1,000 shares of the stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $32.75, for a total transaction of $32,750.00. Following the completion of the sale, the chairman now directly owns 170,934 shares of the company’s stock, valued at approximately $5,598,088.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 4.94% of the company’s stock.
Arrow Financial Company Profile
Arrow Financial Corporation (Arrow) 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 Company’s business consists primarily of the ownership, supervision and control of its two banks.
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