Arrow Financial Corporation is a multi-bank holding company headquartered in Glens Falls, New York, serving the financial needs of northeastern New York. The Company is the parent of Glens Falls National Bank and Trust Company and Saratoga National Bank and Trust Company. Other subsidiaries include North Country Investment Advisers, Inc., and Upstate Agency, LLC, specializing in property and casualty insurance and group health and employee benefits.

Company profile
Ticker
AROW
Exchange
Website
CEO
Thomas Murphy
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
ARROW BANK CORP
SEC CIK
Corporate docs
Subsidiaries
Glens Falls National Bank and Trust Company • A Nationally Chartered Commercial Bank • Saratoga National Bank and Trust Company • A Non-deposit Trust Company • Arrow Properties, Inc. • North Country Investment Advisers, Inc. • A New York Corporation • NC Financial Services, Inc. • Glens Falls National Community Development Corporation • Upstate Agency, LLC ...
IRS number
222448962
AROW stock data
Investment data
Securities sold
Number of investors
Top 50 of 294 long holdings End of quarter 30 Jun 22 |
Value |
#Shares |
Prev Q |
Change %, QoQ |
---|---|---|---|---|
$138.46M | 508.36K | 550.55K | -7.7 | |
$80.62M | 610.9K | 613.77K | -0.5 | |
$48.54M | 1.53M | 1.49M | +2.7 | |
$42.82M | 1M | 841.49K | +19.0 | |
$33.21M | 1.33M | 250.58K | +432.5 | |
$18.53M | 135.56K | 139.66K | -2.9 | |
$17.58M | 68.43K | 71.82K | -4.7 | |
$17.33M | 710.14K | 137.29K | +417.3 | |
$15.45M | 55.11K | 52.46K | +5.1 | |
$14.86M | 194.93K | 327.71K | -40.5 | |
$13.44M | 6.16K | 6.34K | -2.8 | |
$11.14M | 56.57K | 57.3K | -1.3 | |
$10.69M | 138.89K | 137.8K | +0.8 | |
$9.09M | 85.62K | 4.39K | +1850.8 | |
$8.92M | 163.14K | 211.75K | -23.0 | |
$8.53M | 48.04K | 48.83K | -1.6 | |
$7.71M | 28.13K | 27.05K | +4.0 | |
$6.91M | 13.46K | 15.29K | -12.0 | |
$6.49M | 57.65K | 58.38K | -1.2 | |
$6.41M | 122.24K | 123.86K | -1.3 | |
$6.27M | 11.54K | 12.47K | -7.5 | |
$6.15M | 16.8K | 16.53K | +1.6 | |
$5.95M | 15.77K | 15.6K | +1.1 | |
$5.67M | 20.79K | 21.19K | -1.9 | |
$5.53M | 38.48K | 39.12K | -1.6 | |
$4.83M | 69.1K | 69.12K | -0.0 | |
$4.66M | 49.56K | 49.86K | -0.6 | |
$4.56M | 53.19K | 55.35K | -3.9 | |
$4.51M | 27.08K | 29.15K | -7.1 | |
$4.42M | 40.66K | 39.36K | +3.3 | |
$4.34M | 7.12K | 7.09K | +0.4 | |
$4.3M | 24.71K | 24.92K | -0.8 | |
$4.2M | 17.26K | 17.63K | -2.1 | |
$4.18M | 26.84K | 24.84K | +8.1 | |
$4.13M | 20.75K | 20.97K | -1.1 | |
$4.06M | 130.43K | 128.97K | +1.1 | |
$4.04M | 8.43K | 8.78K | -4.0 | |
$4.03M | 24.39K | 24.61K | -0.9 | |
$4M | 18.76K | 18.15K | +3.4 | |
$3.93M | 30.73K | 30.15K | +1.9 | |
$3.86M | 90.6K | 89.68K | +1.0 | |
$3.31M | 65.19K | 66.79K | -2.4 | |
$3.31M | 35.01K | 35.44K | -1.2 | |
$3.2M | 57.32K | 56.97K | +0.6 | |
$3.11M | 25.57K | 25.15K | +1.7 | |
$3.07M | 81.9K | 80.58K | +1.6 | |
$3.03M | 39.34K | 39.67K | -0.8 | |
$2.97M | 58.75K | 59.26K | -0.9 | |
$2.96M | 37.99K | 37.11K | +2.4 | |
$2.88M | 11.66K | 11.44K | +1.9 |
Holdings list only includes long positions.
Only includes long positions.
Calendar
5 Aug 22
18 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
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Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 217.25M | 217.25M | 217.25M | 217.25M | 217.25M | 217.25M |
Cash burn (monthly) | 90.11M | 21.75M | 8.86M | 8.59M | (no burn) | (no burn) |
Cash used (since last report) | 148.42M | 35.82M | 14.6M | 14.15M | n/a | n/a |
Cash remaining | 68.83M | 181.43M | 202.66M | 203.11M | n/a | n/a |
Runway (months of cash) | 0.8 | 8.3 | 22.9 | 23.6 | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
17 Aug 22 | Andrew J Wise | Common Stock | Option exercise | Acquire M | No | No | 29.02 | 1,000 | 29.02K | 5,547 |
17 Aug 22 | Andrew J Wise | Common Stock | Option exercise | Acquire M | No | No | 29.14 | 406 | 11.83K | 4,547 |
17 Aug 22 | Andrew J Wise | Common Stock | Payment of exercise | Dispose F | No | No | 35.36 | 821 | 29.03K | 4,141 |
17 Aug 22 | Andrew J Wise | Employee Stock Option Common Stock | Grant | Acquire A | No | No | 29.02 | 1,000 | 29.02K | 3,743 |
17 Aug 22 | Andrew J Wise | Employee Stock Option Common Stock | Option exercise | Dispose M | No | No | 29.14 | 406 | 11.83K | 0 |
13 Jul 22 | Dake Gary C | Common Stock | Other | Acquire J | No | No | 31.35 | 257 | 8.06K | 41,518 |
13 Jul 22 | Casaccio Tenee R | Common Stock | Other | Acquire J | No | No | 31.35 | 255 | 7.99K | 16,643 |
13 Jul 22 | Kruczlnicki David G | Common Stock | Other | Acquire J | No | No | 31.35 | 263 | 8.25K | 49,336 |
13 Jul 22 | Gregory J Champion | Common Stock | Other | Acquire J | No | No | 31.35 | 241 | 7.56K | 3,807 |
Institutional ownership, Q2 2022
44.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 90 |
Opened positions | 7 |
Closed positions | 8 |
Increased positions | 25 |
Reduced positions | 31 |
13F shares | Current |
---|---|
Total value | 703.13M |
Total shares | 7.08M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
AROW Arrow Financial | 1.53M | $48.54M |
BLK Blackrock | 1.13M | $35.82M |
Vanguard | 685.16K | $21.8M |
Dimensional Fund Advisors | 677.74K | $21.56M |
FMR | 503.51K | $16.02M |
STT State Street | 349.03K | $11.1M |
Renaissance Technologies | 316.42K | $10.07M |
Geode Capital Management | 261.08K | $8.31M |
NTRS Northern Trust | 171.57K | $5.46M |
Charles Schwab Investment Management | 107.8K | $3.43M |
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Bad
|
New words:
addressing, Annex, building, clear, delayed, diminished, disposal, empower, enable, fewer, labor, nationwide, nonfarm, outpacing, payroll, Proxy, successfully, summarize, tough, uniform, upgrade
Removed:
abundance, amplified, card, Continuity, debit, declined, driver, flat, interchange, pertaining, pronounced, recover, regularly, reversal, sharply, usage
Financial reports
Current reports
8-K
Arrow Declares September 2022 Cash Dividend
28 Jul 22
8-K
Arrow Reports $12.0 million in Q2 Net Income, Loan Growth of $108 Million
27 Jul 22
8-K
Submission of Matters to a Vote of Security Holders
6 May 22
8-K
Today’s Agenda Welcome Arrow Overview Business Meeting Financials Strategic Focus Closing
4 May 22
8-K
Arrow Declares June 2022 Cash Dividend
28 Apr 22
8-K
Arrow Reports $12.6 million in Q1 Net Income, Loan Growth of $69.3 Million
26 Apr 22
8-K
Regulation FD Disclosure
28 Feb 22
8-K
Arrow Declares Increased March 2022 Cash Dividend
1 Feb 22
8-K
Arrow Reports Annual Net Income of $49.9 million and Total Assets Over $4 Billion
27 Jan 22
8-K
Arrow Approves 2022 Stock Repurchase Program
28 Oct 21
Registration and prospectus
S-8
Registration of securities for employees
9 May 22
S-8
Registration of securities for employees
8 May 20
S-8 POS
Registration of securities for employees (post-effective amendment)
20 May 19
S-8 POS
Registration of securities for employees (post-effective amendment)
15 May 19
S-8 POS
Registration of securities for employees (post-effective amendment)
15 May 19
S-8 POS
Registration of securities for employees (post-effective amendment)
7 May 19
S-3
Shelf registration
18 Mar 19
Proxies
DEFA14A
Additional proxy soliciting materials
25 Mar 22
DEFA14A
Additional proxy soliciting materials
26 Mar 21
DEFA14A
Additional proxy soliciting materials
23 Apr 20
DEFA14A
Additional proxy soliciting materials
27 Mar 20
DEFA14A
Additional proxy soliciting materials
29 Mar 19
DEF 14A
Definitive proxy
29 Mar 19
PRE 14A
Preliminary proxy
6 Mar 19
Other
EFFECT
Notice of effectiveness
6 Apr 22
CORRESP
Correspondence with SEC
30 Mar 22
UPLOAD
Letter from SEC
28 Mar 22
EFFECT
Notice of effectiveness
24 Aug 21
CORRESP
Correspondence with SEC
17 Aug 21
UPLOAD
Letter from SEC
11 Aug 21
EFFECT
Notice of effectiveness
19 Aug 20
CORRESP
Correspondence with SEC
12 Aug 20
UPLOAD
Letter from SEC
11 Aug 20
EFFECT
Notice of effectiveness
4 Apr 19
Ownership
4
ARROW FINANCIAL / Andrew J Wise ownership change
18 Aug 22
13F-HR
Quarterly holdings report by institutional manager
25 Jul 22
4
ARROW FINANCIAL / Colin L Read ownership change
13 Jul 22
4
ARROW FINANCIAL / Raymond F O'Conor ownership change
13 Jul 22
4
ARROW FINANCIAL / WILLIAM L OWENS ownership change
13 Jul 22
4
ARROW FINANCIAL / Mark Behan ownership change
13 Jul 22
4
ARROW FINANCIAL / DAVID G KRUCZLNICKI ownership change
13 Jul 22
4
ARROW FINANCIAL / THOMAS L HOY ownership change
13 Jul 22
4
ARROW FINANCIAL / GREGORY J CHAMPION ownership change
13 Jul 22
4
ARROW FINANCIAL / Elizabeth Miller ownership change
13 Jul 22
Reddit threads
Daily Discussion Thread - July 26th, 2022
26 Jul 22
Daily Discussion Thread - July 25th, 2022
25 Jul 22
Recession? Private Jet use and sales at all time high
20 Jul 22
Daily Discussion Thread - May 31st, 2022
31 May 22
Daily Discussion Thread - May 30th, 2022
30 May 22
Daily Discussion Thread - April 26th, 2022
26 Apr 22
Daily Discussion Thread - April 25th, 2022
25 Apr 22
Daily Discussion Thread - February 28th, 2022
28 Feb 22
Daily Discussion Thread - February 25th, 2022
25 Feb 22
Daily Discussion Thread - January 27th, 2022
27 Jan 22