Dimensional Fund Advisors LP Has $21.15 Million Position in Arrow Financial Co. (NASDAQ:AROW)

Dimensional Fund Advisors LP grew its stake in Arrow Financial Co. (NASDAQ:AROW - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 736,569 shares of the financial services provider's stock after acquiring an additional 12,798 shares during the period. Dimensional Fund Advisors LP owned 4.40% of Arrow Financial worth $21,147,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Barclays PLC raised its stake in shares of Arrow Financial by 15.3% in the fourth quarter. Barclays PLC now owns 24,693 shares of the financial services provider's stock worth $709,000 after acquiring an additional 3,282 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Arrow Financial by 0.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 117,355 shares of the financial services provider's stock worth $3,369,000 after acquiring an additional 488 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Arrow Financial in the fourth quarter worth about $1,072,000. Wells Fargo & Company MN raised its stake in shares of Arrow Financial by 19.4% during the fourth quarter. Wells Fargo & Company MN now owns 11,563 shares of the financial services provider's stock worth $332,000 after buying an additional 1,881 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of Arrow Financial by 202.5% during the fourth quarter. JPMorgan Chase & Co. now owns 56,571 shares of the financial services provider's stock worth $1,624,000 after buying an additional 37,869 shares during the last quarter. 46.71% of the stock is owned by institutional investors.

Arrow Financial Trading Up 0.8%

NASDAQ AROW traded up $0.21 during trading on Tuesday, reaching $26.65. 8,803 shares of the stock traded hands, compared to its average volume of 42,634. The firm has a market cap of $444.30 million, a price-to-earnings ratio of 15.06 and a beta of 0.78. The stock's 50-day moving average price is $25.37 and its 200 day moving average price is $27.83. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.06. Arrow Financial Co. has a fifty-two week low of $22.72 and a fifty-two week high of $34.63.

Arrow Financial (NASDAQ:AROW - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.38 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.06). The firm had revenue of $50.37 million for the quarter, compared to analyst estimates of $39.26 million. Arrow Financial had a net margin of 13.32% and a return on equity of 8.59%. Analysts predict that Arrow Financial Co. will post 2.65 EPS for the current year.

Arrow Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Tuesday, May 13th will be issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend is Tuesday, May 13th. Arrow Financial's dividend payout ratio (DPR) is presently 65.88%.

Insider Activity

In other Arrow Financial news, Director Raymond F. O'conor sold 2,000 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $23.78, for a total transaction of $47,560.00. Following the sale, the director now directly owns 29,293 shares of the company's stock, valued at approximately $696,587.54. This represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold 6,000 shares of company stock worth $153,240 over the last quarter. 3.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. StockNews.com raised shares of Arrow Financial from a "sell" rating to a "hold" rating in a research note on Friday, May 2nd. Piper Sandler dropped their price target on shares of Arrow Financial from $30.00 to $28.00 and set a "neutral" rating for the company in a research note on Monday, May 5th.

Arrow Financial Profile

Arrow Financial Corporation, a bank holding company, provides commercial and consumer banking, and financial products and services. The company's deposit products include demand deposits, interest-bearing checking accounts, savings deposits, time deposits, and other time deposits. Its lending activities comprise commercial loans, such as term loans, time notes, and lines of credit; and commercial real estate loans to finance real estate purchases, refinancing, expansions, and enhancement to commercial properties, as well as commercial construction and land development loans to finance projects.