Press coverage about Arrow Financial (NASDAQ:AROW) has been trending somewhat positive on Sunday, according to Alpha One Sentiment. Alpha One, a unit of Accern, identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Arrow Financial earned a media sentiment score of 0.20 on Alpha One’s scale. Alpha One also gave media headlines about the financial services provider an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the next few days.
Shares of Arrow Financial (NASDAQ:AROW) traded up 4.10% during midday trading on Friday, reaching $34.30. The company’s stock had a trading volume of 46,217 shares. The stock has a 50 day moving average of $33.27 and a 200-day moving average of $35.70. The company has a market capitalization of $463.19 million, a P/E ratio of 17.41 and a beta of 0.52. Arrow Financial has a 1-year low of $28.23 and a 1-year high of $41.70.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Friday, June 2nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, May 31st. This represents a $1.00 annualized dividend and a dividend yield of 2.92%. Arrow Financial’s payout ratio is currently 50.75%.
In other Arrow Financial news, Chairman Thomas L. Hoy sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The shares were sold at an average price of $32.75, for a total value of $32,750.00. Following the sale, the chairman now owns 170,934 shares in the company, valued at $5,598,088.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.94% of the stock is currently owned by company insiders.
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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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