AROW Arrow Financial Corp.
Arrow Financial Corp. operates as a 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.
Company profile
Ticker
AROW
Exchange
Website
CEO
Thomas J. Murphy
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
Former names
ARROW BANK CORP
SEC CIK
Corporate docs
IRS number
222448962
AROW stock data
()
Investment data
Securities sold
Number of investors
| Top 50 of 277 long holdings End of quarter 31 Mar 20 |
Value |
#Shares |
Prev Q |
Change %, QoQ |
|---|---|---|---|---|
| $39.25M | 1.41M | 1.42M | -0.6 | |
| $31.62M | 332.13K | 329.45K | +0.8 | |
| $24.95M | 315.46K | 328.23K | -3.9 | |
| $23.07M | 326.04K | 302.22K | +7.9 | |
| $16.49M | 104.56K | 107.03K | -2.3 | |
| $15.55M | 61.13K | 63.3K | -3.4 | |
| $14.74M | 7.56K | 7.69K | -1.7 | |
| $12.21M | 10.51K | 10.53K | -0.2 | |
| $11.65M | 72.29K | 74.67K | -3.2 | |
| $8.48M | 160.72K | 160.48K | +0.2 | |
| $7.77M | 20.68K | 20.92K | -1.1 | |
| $7.48M | 57.02K | 57.05K | -0.0 | |
| $7.12M | 120.61K | 129.07K | -6.6 | |
|
SPDR S&P 500 Etf Trust
|
$6.96M | 27.02K | 29.4K | -8.1 |
| $5.78M | 64.16K | 63.54K | +1.0 | |
| $5.57M | 50.64K | 49.01K | +3.3 | |
| $5.4M | 28.89K | 29.06K | -0.6 | |
| $5.22M | 16.42K | 16.03K | +2.4 | |
| $4.87M | 40.59K | 40.84K | -0.6 | |
| $4.69M | 25.68K | 26.61K | -3.5 | |
| $4.59M | 59.64K | 59.39K | +0.4 | |
| $4.55M | 22.45K | 22.81K | -1.6 | |
| $4.39M | 134.52K | 132.92K | +1.2 | |
| $4.32M | 53.51K | 53.1K | +0.8 | |
| $4.15M | 24.91K | 24.98K | -0.3 | |
| $4.13M | 14.58K | 14.51K | +0.4 | |
| $4.13M | 28.7K | 29.54K | -2.8 | |
| $4.12M | 16.53K | 16.15K | +2.4 | |
| $4M | 9.08K | 9.09K | -0.1 | |
| $3.83M | 39.97K | 39.65K | +0.8 | |
| $3.76M | 22.55K | 25.66K | -12.1 | |
| $3.67M | 32.28K | 31.91K | +1.1 | |
| $3.49M | 164.32K | 161.1K | +2.0 | |
| $3.34M | 34.61K | 35.39K | -2.2 | |
| $3.32M | 24.79K | 24.62K | +0.7 | |
| $3.21M | 11.26K | 10.63K | +5.9 | |
| $2.98M | 55.41K | 54.65K | +1.4 | |
| $2.89M | 73.57K | 71.25K | +3.3 | |
| $2.57M | 47.53K | 48.76K | -2.5 | |
| $2.51M | 51.87K | 51K | +1.7 | |
| $2.46M | 44.09K | 44.08K | 0 | |
| $2.41M | 69.68K | 70.16K | -0.7 | |
| $2.4M | 7.4K | 8K | -7.5 | |
| $2.3M | 48K | 47.21K | +1.7 | |
| $2.24M | 15.84K | 15.86K | -0.1 | |
| $2.21M | 30.51K | 31.21K | -2.2 | |
| $2.14M | 56.36K | 55.39K | +1.7 | |
| $1.98M | 21K | 21.13K | -0.6 | |
| $1.94M | 8.07K | 7.24K | +11.5 | |
| $1.89M | 22.89K | 23.08K | -0.8 |
Holdings list only includes long positions.
Only includes long positions.
Calendar
7 May 20
6 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Net income | 8.13M | 9.74M | 10.07M | 8.93M | |
| Diluted EPS | 0.54 | 0.65 | 0.67 | 0.62 | |
| Net change in cash | 68.31M | -22.08M | 29.6M | 1.47M | |
| Cash on hand | 138.53M | 70.22M | 92.3M | 62.7M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Net income | 37.48M | 36.28M | 29.33M | 26.53M | |
| Diluted EPS | 2.5 | 2.43 | 1.98 | 1.86 | |
| Net change in cash | -14.02M | 11.4M | 15.48M | 6.29M | |
| Cash on hand | 70.22M | 84.24M | 72.84M | 57.36M |
Financial data from company earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 12 Jun 20 | Clarke Michael B | Common Stock | Gift | Aquire G | No | 0 | 2,873 | 0 | 15,473 |
| 12 Jun 20 | Clarke Michael B | Common Stock | Gift | Dispose G | No | 0 | 2,873 | 0 | 979 |
| 9 Jun 20 | Clarke Michael B | Common Stock | Option exercise | Aquire M | No | 22.97 | 1,126 | 25.86K | 3,852 |
| 9 Jun 20 | Clarke Michael B | Common Stock | Option exercise | Aquire M | No | 22.51 | 862 | 19.4K | 2,726 |
| 9 Jun 20 | Clarke Michael B | Common Stock | Option exercise | Aquire M | No | 21.35 | 585 | 12.49K | 1,864 |
| 9 Jun 20 | Clarke Michael B | Common Stock | Option exercise | Aquire M | No | 20.32 | 300 | 6.1K | 1,279 |
| 9 Jun 20 | Clarke Michael B | Director Stock Option Common Stock | Option exercise | Dispose M | No | 22.97 | 1,126 | 25.86K | 0 |
| 9 Jun 20 | Clarke Michael B | Director Stock Option Common Stock | Option exercise | Dispose M | No | 22.51 | 862 | 19.4K | 0 |
| 9 Jun 20 | Clarke Michael B | Director Stock Option Common Stock | Option exercise | Dispose M | No | 21.35 | 585 | 12.49K | 0 |
| 9 Jun 20 | Clarke Michael B | Director Stock Option Common Stock | Option exercise | Dispose M | No | 20.32 | 300 | 6.1K | 0 |
Institutional ownership Q1 2020
42.5% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 82 |
| Opened positions | 4 |
| Closed positions | 7 |
| Increased positions | 33 |
| Reduced positions | 26 |
13F shares |
Current |
|---|---|
| Total value | 287.95M |
| Total shares | 6.37M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| AROW Arrow Financial | 1.41M | $39.25M |
| BLK BlackRock | 1.11M | $31.03M |
| Vanguard | 716.97K | $19.98M |
| Dimensional Fund Advisors | 693.86K | $19.34M |
| Renaissance Technologies | 418.76K | $11.67M |
| STT State Street | 331.18K | $9.23M |
| NTRS Northern Trust | 228.07K | $6.36M |
| Geode Capital Management | 199.73K | $5.57M |
| BK Bank Of New York Mellon | 105.06K | $2.93M |
| First Republic Investment Management | 96.94K | $2.7M |
Content analysis
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| Readability |
H.S. sophomore Avg
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New words:
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Removed:
accumulation, accurately, achieve, acquisition, adequately, alternatively, amortize, approval, arisen, bill, buffer, callable, capitalized, card, charge, choose, clarification, commensurate, competitive, consistently, continuation, contraction, court, damage, debit, delivering, directive, Disaggregated, distribution, diversified, diversify, downturn, driven, earliest, Easement, establish, exceeding, executed, exercised, expedient, feasibility, file, good, grandfathered, hindsight, implicit, improved, inclusion, interchange, judgmentally, July, leasehold, location, marginal, month, motion, noncumulative, OCI, offering, opportunity, origination, package, parent, percent, perpetual, practical, preliminary, profitability, promulgated, rational, reallocate, regime, regularly, reposition, restrictive, retiree, retrospectively, revising, shown, slight, slightly, strategy, Street, substantial, suffer, SUPERVISION, taxable, tentatively, treated, updating, usage, view, Wall, weaken, Yrs
Financial reports
10-Q
2020 Q1
Quarterly report
7 May 20
10-K
2019 FY
Annual report
28 Feb 20
10-Q
2019 Q3
Quarterly report
5 Nov 19
10-Q
2019 Q2
Quarterly report
5 Aug 19
10-Q
2019 Q1
Quarterly report
9 May 19
10-K
2018 FY
Annual report
8 Mar 19
10-Q
2018 Q3
Quarterly report
8 Nov 18
10-Q
2018 Q2
Quarterly report
8 Aug 18
10-Q
2018 Q1
Quarterly report
9 May 18
10-K
2017 FY
Annual report
12 Mar 18
Current reports
8-K
Submission of Matters to a Vote of Security Holders
7 May 20
8-K
Arrow Declares June Cash Dividend
30 Apr 20
8-K
Results of Operations and Financial Condition
24 Apr 20
8-K
Arrow Financial Corporation to Hold Virtual-Only Annual Meeting of Shareholders
23 Apr 20
8-K
Arrow Declares March Cash Dividend
3 Feb 20
8-K
Arrow Reports Record Annual Net Income of $37.5 million and 8.6% Loan Growth for 2019
28 Jan 20
8-K
Arrow Approves 2020 Stock Repurchase Program
30 Oct 19
8-K
Results of Operations and Financial Condition
22 Oct 19
8-K
Arrow Financial Corporation Declares Stock Dividend
28 Aug 19
8-K
Arrow Declares September Cash Dividend
31 Jul 19
Registration and prospectus
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
S-3
Shelf registration
9 Aug 17
S-3/A
Shelf registration (amended)
30 Mar 16
S-3
Shelf registration
11 Mar 16
S-3
Shelf registration
7 Aug 14
Proxies
DEFA14A
Additional proxy soliciting materials
23 Apr 20
DEFA14A
Additional proxy soliciting materials
27 Mar 20
DEF 14A
Definitive proxy
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
DEF 14A
Definitive proxy
16 Mar 18
DEFA14A
Additional proxy soliciting materials
16 Mar 18
DEF 14A
Definitive proxy
24 Mar 17
DEFA14A
Additional proxy soliciting materials
24 Mar 17
Other
EFFECT
Notice of effectiveness
4 Apr 19
CORRESP
Correspondence with SEC
1 Apr 19
EFFECT
Notice of effectiveness
24 Aug 17
CORRESP
Correspondence with SEC
22 Aug 17
UPLOAD
Letter from SEC
15 Aug 17
EFFECT
Notice of effectiveness
1 Apr 16
CORRESP
Correspondence with SEC
30 Mar 16
CORRESP
Correspondence with SEC
30 Mar 16
CORRESP
Correspondence with SEC
28 Mar 16
UPLOAD
Letter from SEC
16 Mar 16
Ownership
4
ARROW FINANCIAL / Michael B Clarke ownership change
15 Jun 20
4
ARROW FINANCIAL / Michael B Clarke ownership change
10 Jun 20
4
ARROW FINANCIAL / Raymond F O'Conor ownership change
3 Jun 20
4
ARROW FINANCIAL / Mark Behan ownership change
29 May 20
4
ARROW FINANCIAL / DAVID G KRUCZLNICKI ownership change
29 May 20
4
ARROW FINANCIAL / THOMAS L HOY ownership change
29 May 20
4
ARROW FINANCIAL / Tenee R Casaccio ownership change
29 May 20
4
ARROW FINANCIAL / Elizabeth Miller ownership change
29 May 20
4
ARROW FINANCIAL / WILLIAM L OWENS ownership change
29 May 20
4
ARROW FINANCIAL / Michael B Clarke ownership change
29 May 20